Six Flags (SIX) to Ride High in Turbulent Market

June 5, 2012 12:50 PM EDT
Get Alerts SIX Hot Sheet
Price: $60.54 +0.68%

Rating Summary:
    9 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Six Flags Entertainment Corp. (NYSE: SIX) is a top pick for this turbulent market, according to analysts at Oppenheimer. The company faces very easy attendance comparisons, it has been highly successful promoting its value-enhancing season passes, and fuel prices have started to ease.

“We maintain 2012E/2013E adjusted EBITDA of $375M/$400M but see upside, particularly if attendance outpaces our conservative 2.3%/1.2% 2012/2013 estimates,” stated analysts at Jefferies.

They also believe their ticket price forecast is conservative.

Oppenheimer has an Outperform rating on Six Flags Entertainment (NYSE: SIX) with a price target of $50.00.

For an analyst ratings summary and ratings history on Six Flags Entertainment click here. For more ratings news on Six Flags Entertainment click here.

Shares of Six Flags Entertainment closed at $44.60 yesterday.

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