Rosenblatt Securities analyst Barton Crockett maintained a Buy rating on Six Flags (SIX – Research Report) today and set a price target of $56.00. The company’s shares closed last Friday at $29.21, close to its 52-week low of $26.84.
According to TipRanks.com, Crockett is a 4-star analyst with an average return of 4.6% and a 52.8% success rate. Crockett covers the Services sector, focusing on stocks such as Liberty Media Liberty Formula One, Lions Gate Entertainment Class B, and Live Nation Entertainment.
Currently, the analyst consensus on Six Flags is a Strong Buy with an average price target of $49.80, representing a 71.7% upside. In a report issued on May 13, Citigroup also maintained a Buy rating on the stock with a $41.00 price target.
Based on Six Flags’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $317 million and GAAP net loss of $2 million. In comparison, last year the company earned revenue of $109 million and had a GAAP net loss of $85.77 million.
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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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