Deutsche Bank Reaffirms Their Buy Rating on Six Flags (SIX)

Deutsche Bank analyst Chris Woronka maintained a Buy rating on Six Flags (SIXResearch Report) today and set a price target of $38.00. The company’s shares closed yesterday at $21.12.

According to TipRanks, Woronka is a 4-star analyst with an average return of 7.5% and a 46.53% success rate. Woronka covers the Financial sector, focusing on stocks such as Hertz Global, Avis Budget, and Diamondrock.

In addition to Deutsche Bank, Six Flags also received a Buy from Jefferies’s David Katz in a report issued yesterday. However, on the same day, CFRA downgraded Six Flags (NYSE: SIX) to a Hold.

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Based on Six Flags’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $138.11 million and a GAAP net loss of $65.66 million. In comparison, last year the company earned a revenue of $82.02 million and had a GAAP net loss of $95.84 million

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SIX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Six Flags Entertainment Corp. engages in operating of theme parks. It operates under the brand name Six Flags, which offers state-of-the-art and traditional thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company was founded by Angus Wynne in 1961 and is headquartered in Grand Prairie, TX.

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