Today’s Stock Alert: Is Selling Stock Like Six Flags Entertainment Corp After Such Decline Winning Strategy?

Today's Stock Alert: Is Selling Stock Like Six Flags Entertainment Corp After Such Decline Winning Strategy?

The stock of Six Flags Entertainment Corp (NYSE:SIX) is a huge mover today! About 2.05 million shares traded hands or 42.36% up from the average. Six Flags Entertainment Corp (NYSE:SIX) has risen 5.02% since March 2, 2016 and is uptrending. It has underperformed by 3.24% the S&P500.
The move comes after 9 months negative chart setup for the $4.92B company. It was reported on Oct, 6 by Barchart.com. We have $50.64 PT which if reached, will make NYSE:SIX worth $246.00 million less.

Analysts await Six Flags Entertainment Corp (NYSE:SIX) to report earnings on October, 17. They expect $1.74 earnings per share, up 6.10% or $0.10 from last year’s $1.64 per share. SIX’s profit will be $160.59 million for 7.66 P/E if the $1.74 EPS becomes a reality. After $0.65 actual earnings per share reported by Six Flags Entertainment Corp for the previous quarter, Wall Street now forecasts 167.69% EPS growth.

Six Flags Entertainment Corp (NYSE:SIX) Ratings Coverage

Out of 9 analysts covering Six Flags Entertainment (NYSE:SIX), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Six Flags Entertainment has been the topic of 13 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Oppenheimer maintained Six Flags Entertainment Corp (NYSE:SIX) on Wednesday, April 6 with “Outperform” rating. The stock has “Outperform” rating given by FBR Capital on Friday, April 1. The company was maintained on Wednesday, October 21 by FBR Capital. Credit Suisse maintained the stock with “Outperform” rating in Friday, August 28 report. Hilliard Lyons initiated the stock with “Long-Term Buy” rating in Tuesday, August 23 report. The company was initiated on Tuesday, April 19 by Stephens. The stock of Six Flags Entertainment Corp (NYSE:SIX) earned “Neutral” rating by Sterne Agee CRT on Tuesday, March 29. Macquarie Research initiated Six Flags Entertainment Corp (NYSE:SIX) on Wednesday, December 9 with “Neutral” rating. On Tuesday, September 15 the stock rating was initiated by Janney Capital with “Buy”. As per Thursday, April 28, the company rating was maintained by Wedbush.

According to Zacks Investment Research, “Six Flags Entertainment Corporation owns and operates regional parks. The Company has parks comprised of theme, water and zoological parks offering rides, water attractions, themed areas, concerts, shows, restaurants, game venues and retail outlets. The Company holds long-term licenses for theme park usage throughout the United States (except the Las Vegas metropolitan area), Canada, Mexico and other countries of certain Warner Bros. and DC Comics characters. These characters include Bugs Bunny, Daffy Duck, Tweety Bird, Yosemite Sam, Batman, Superman and others. In addition, it has certain rights to use the Hanna-Barbera and Cartoon Network characters, including Yogi Bear, Scooby-Doo, The Flintstones and others. The Company uses these characters to market its parks and to provide an enhanced family entertainment experience. Six Flags Entertainment Corporation is based in New York, NY.”

More notable recent Six Flags Entertainment Corp (NYSE:SIX) news were published by: Finance.Yahoo.com which released: “How a thriving theme park chain reflects a shift in consumers’ mentality” on April 06, 2016, also Investorplace.com with their article: “Six Flags Entertainment Corp Commits to Using Only Cage-Free Eggs” published on September 15, 2016, Forbes.com published: “Ex-Dividend Reminder: Ross Stores, InterContinental Hotels Group and Six Flags …” on August 29, 2016. More interesting news about Six Flags Entertainment Corp (NYSE:SIX) were released by: Forbes.com and their article: “Six Flags Entertainment Becomes Oversold (SIX)” published on August 15, 2016 as well as Prnewswire.com‘s news article titled: “Stevi B’s Celebrates 20th Birthday and Recognizes Loyal Customers with …” with publication date: June 01, 2016.

SIX Company Profile

Six Flags Entertainment Corporation (Six Flags), incorporated on December 9, 1997, is a regional theme park operator. The Firm operates in the theme parks segment. The Firm operates approximately 20 regional theme and water parks. The Company’s parks occupy approximately 4,500 acres of land, and it owns approximately 800 acres of other developable land. The Company’s parks are located in geographically diverse markets across North America. The Company’s parks offer a selection of thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and retail outlets. The Company’s parks offer approximately 830 rides, including over 130 roller coasters. The Firm holds long-term licenses for theme park usage of certain Warner Bros. and DC Comics characters throughout the United States (except the Las Vegas metropolitan area), Canada, Mexico and other countries. These characters include Bugs Bunny, Daffy Duck, Tweety Bird, Yosemite Sam, Batman, Superman, The Joker and others. In addition, it has certain rights to use the Hanna-Barbera and Cartoon Network characters, including Yogi Bear, Scooby-Doo, The Flintstones and others. The Company’s licenses include the right to sell merchandise featuring the characters at the parks, and to use the characters in its advertising, as walk-around characters and in theming for rides, attractions and retail outlets. Six Flags is also engaged in the sale of food and beverages, merchandise, games and attractions, parking and other services inside its parks.

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