Jefferies Reaffirms Their Buy Rating on Six Flags (SIX)

Jefferies analyst David Katz maintained a Buy rating on Six Flags (SIXResearch Report) today and set a price target of $60.00. The company’s shares opened today at $21.41.

According to TipRanks, Katz is a 4-star analyst with an average return of 7.8% and a 45.20% success rate. Katz covers the Services sector, focusing on stocks such as DraftKings, Churchill Downs, and Hyatt Hotels.

Six Flags has an analyst consensus of Moderate Buy, with a price target consensus of $42.73, implying a 99.58% upside from current levels. In a report released on August 5, Oppenheimer also maintained a Buy rating on the stock with a $33.00 price target.

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SIX market cap is currently $2.23B and has a P/E ratio of 14.10.

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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