Six Flags (SIX) was Upgraded to a Hold Rating at Wells Fargo

In a report released today, Tim Conder from Wells Fargo upgraded Six Flags (SIXResearch Report) to Hold. The company’s shares closed last Monday at $20.62.

According to TipRanks.com, Conder is a 3-star analyst with an average return of 0.5% and a 49.1% success rate. Conder covers the Consumer Goods sector, focusing on stocks such as Patrick Industries, Acushnet Holdings, and Harley-Davidson.

Six Flags has an analyst consensus of Moderate Buy, with a price target consensus of $20.56, implying a 7.9% upside from current levels. In a report issued on April 30, Oppenheimer also maintained a Hold rating on the stock.

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Based on Six Flags’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $261 million and GAAP net loss of $11.16 million. In comparison, last year the company earned revenue of $270 million and had a net profit of $79.42 million.

Based on the recent corporate insider activity of 40 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.

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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.