|Bid||0.00 x 1000|
|Ask||0.00 x 900|
|Day's Range||52.34 - 53.31|
|52 Week Range||46.68 - 72.39|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||16.84|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||3.28 (6.20%)|
|1y Target Est||60.00|
Wall Street had been expecting a downturn in the second quarter results, but so far the reported earnings have given us a much-needed surprise to the upside. While 77% of the forecasts were negative, in the first week of reports more than 80% of reporting companies gave positive results. It was shot in arm, and a sign that analysts and corporate execs may have set the bar too low.Now, summer may be a slow season for the markets, but there are stocks out there that stand to benefit from seasonal swings – especially summer’s increase in available leisure time – and the June quarter is the time to see it. Theme parks, hotels and resorts, and airlines are all well-positioned to gain from your good time. Here, we look at three ‘strong buy’ summer stocks. These are stocks that have an overwhelming consensus of ‘buy’ ratings from Wall Street’s analysts, and a concomitant positive outlook. Six Flags Entertainment Corporation (SIX)The popular amusement park operator just received a rare gift from the Street’s analysts: three upgrades in a row, all in just the last month. The upgrades come just as SIX is preparing to report second quarter earnings, coming off of seasonal losses in Q1.Six Flags parks rely on outdoor attractions and are dependent on warm, pleasant weather; in the winter months, they typically shut down for maintenance, repair, and upgrades, and the company generally reports an operating loss at that time. Earnings turn positive in Q2, peak in Q3, and slip in Q4. The upcoming Q2 report, on Wednesday, July 24, is expected to show a solid $1 EPS.Strong seasonal earnings, along with positive results from a membership push and an international expansion effort, prompted James Hardiman, of Wedbush, to give the first upgrade. On June 19, he wrote, in reference to the membership and expansion moves, “While none of these are a sure thing, any of them likely results in meaningful upside to SIX shares, particularly given the sell-off of the past year that has resulted in a discounted valuation with respect to the sizable dividend.”SIX’s dividend yield is 6.2%, with a $3.28 annualized payment; as Hardiman pointed out, that’s a sizable payout for stock selling at only $52 per share. Considering everything, he bumped SIX up to a buy rating and set a price target of $62, suggesting a 17% upside.KeyBanc’s Brett Andress, on July 1, set the second upgrade. He moved SIX from neutral to buy, also with a $62 price target, on anticipation of a strong summer and fall season for the park operator.Timothy Conder, writing from Wells Fargo, gave the most recent upgrade. He pointed out “potential upside catalysts of improved weather entering July-August months [SIX’s peak period]…” and went on to add, “…expensing combined with the ability to keep prior accelerated depreciation will minimize cash taxes to a greater degree than previously assumed.” Conder puts a $56 target on SIX, for a modest upside potential of 6%.SIX has an overall rating of strong buy from the analyst consensus, based on 4 recent buy ratings. As mentioned above, the stock sells for $52; it has an average price target of $59, giving an upside potential of 12%. Wyndham Hotels & Resorts, Inc. (WH)Wyndham Hotels & Resorts spun off of Wyndham Worldwide last summer, as a separate company to manage the hotel operations. WH now operates over 9,000 hotels offering more than 800,000 rooms. The coming quarterly report, July 25, will be the company’s fifth as an independent publicly owned entity, and will cover the fiscal second quarter. Expectations are for 80 cents EPS, a 14% increase from last quarter. WH has beaten EPS expectation in the last three reported quarters.Like SIX, Wyndham offers investors a moderate cost of entry and a steady dividend. The stock sells for less than $60, and the company has paid out a dividend to common shareholders each quarter since going public as WH. The current yield is 1.98%, with annual payout of $1.16 per share.Also like SIX, WH has been attracting positive attention from Wall Street’s top analysts. Earlier this month, Anthony Powell, of Barclays, opened coverage of the stock with a buy rating and a $72 price target. He describes WH as “…a leading franchisor in the global midscale/economy lodging segment with an appealing business model.” He also notes that despite “improving growth metrics and a broad acquisition opportunity set,” shares in WH sell for a “material valuation discount” when compared to peers. His price target suggests room for a 23% upside.Writing more recently, Merrill Lynch’s Shaun Kelley bumped his price target on WH up by 8%, to $67. He maintained his buy rating on the stock. His new 14% upside indicates continued confidence in the company’s profitability.Wyndham’s consensus rating of strong buy comes from a unanimous 4 buy ratings given over the past three months. Shares trade for $58, so the average price target of $68 suggests 16% upside potential. United Airlines Holdings, Inc. (UAL)The airline industry, always a prisoner of slim margins and unpredictable fuel costs, has been dealing with another of its fickle hazards this year. Since March, Boeing’s 737 MAX aircraft have been grounded in response to two fatal crashes attributed to software flaws in the autopilot system. The 737 MAX was the most popular model of Boeing’s best-selling narrow-body airliner, and the groundings have imposed second order effects on airlines as the carriers have had to reassign aircraft, reschedule flights, and alter flight crew training and assignments. With all of that, however, UAL reported a 3.4% positive earnings surprise in its Q2 report on July 16.The company reported EPS of $4.21 against an expectation of $4.07, and listed a number of other positive results as well. Carrying capacity increased by 3.6%, at the low end of guidance – this was undoubtedly held down by the 737 MAX groundings. Nonfuel unit cost increased by only 0.6%, while UAL’s average price per gallon for fuel dropped from $2.26 to $2.16. Total quarterly revenues were up 5.8% from the year-ago quarter, to $11.4 billion. And finally, in a key metric for the airline industry, the PRASM (passenger revenue per available seat mile) was up 2.5%. All in all, Q2 was ahead of the curve.Writing in May, and looking ahead to next year, Morgan Stanley analyst Rajeev Lalwani upgraded UAL to a buy rating, with a $110 price target. He said at that time, “United has done a solid job of executing on its strategy which we foresee continuing as the competitive backdrop remains benign in a high-cost environment.” Three months – and a solid quarterly report – later, Lalwani’s outlook still holds; his price target suggests a 17% upside to the stock.More recently, Jack Atkins of Stephens noted his own surprise that “United isn't getting more love” after the solid Q2 report. He adds, “The stock's multiple is below those of peers Southwest (LUV) and Delta Air Lines (DAL), [and] the current valuation does not reflect the company's execution track record over the past 18 months.” Atkins sets a $112 target on UAL, up from $107, and indicative of a 19% upside potential.Like the other stocks we looked at here, UAL shows a strong buy from the analyst consensus. This rating is based on 6 buy ratings given in the last three months. Shares are selling for $93, and the average share price of $111 suggests a potential upside of 18%.
Six Flags Entertainment Corporation (NYSE:SIX), which is in the hospitality business, and is based in United States...
Six Flags (SIX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hasbro's (HAS) second-quarter 2019 results are likely to benefit from robust performance by the U.S. and Canada segment as well as Entertainment, Licensing and Digital segment.
Looking at the nuts and bolts of a rising stock can be an interesting exercise for investors. Stock upgrades are the new opportunities that Wall Street's top analysts believe will bring the profits in coming months.We've used TipRanks Daily Analyst Ratings to find the latest upgrades, and sorted through them for the most compelling buys. Their situations vary, as do the reasons given by the analysts for their improved stock ratings. But all show plenty of reason for optimism, and that makes them stand out in any market environment. Comcast Corporation (CMCSA)With the rapid rise of online streaming, you might not look at the cable company as your first choice for a go-to investment. But Comcast is here to prove you wrong. The largest company on this list, with a market cap of nearly $200 billion, Comcast also has the strongest rating and the highest potential upside. This is based on its position as the world’s second largest cable television provider and broadcasting company, and the largest cable and internet provider in the US market. Comcast is also the US’ third largest provider of residential landline telephone service. In short, it’s not just the cable company, it’s a telecommunications behemoth with firm position in a profitable business.All of that lies behind Goldman Sachs analyst Brett Feldman’s decision, on July 10, to publish an upgrade to CMCSA’s status, moving the stock from neutral to buy, and boosting the price target 22% to $54. Supporting his upgrade, Feldman cites “the solid fundamentals, management’s financial flexibility, and upside from an attractive entry point.” Put simply, CMCSA is a fairly cheap cash cow.Feldman was not the only analyst to give Comcast an improved outlook. Two weeks earlier, Pivotal’s Jeffery Wlodarczak also raised his price target to $54. In his comments, Wlodarczak said, “We view the current 12.4X ’20 free cash flow multiple for Comcast stock as quite attractive for an operator that controls the likely dominant fixed way most consumers/businesses will access the Internet for the foreseeable future.” The $54 price target suggests an impressive upside of 23% for this stock.Shares in Comcast are, as Feldman noted, priced attractively. At $43, the stock is relatively cheap. The average price target, $49, indicates 13% potential on the upside. And with 9 buys and 2 holds given it in the last three months, CMCSA gets a strong buy rating from the analyst consensus.View CMCSA Price Target & Analyst Ratings Detail Six Flags Entertainment Corporation (SIX)Here's a wow! factor for you: Six Flags just got three upgrades in a row. This rarely happens; it's the market equivalent of being dealt a full house in five card draw. Drilling down, we can learn why the amusement park leader is surging in the market.Few industries are more seasonal than amusement parks, as is obvious from a look at Six Flags’ quarterly earnings history:Six Flags (SIX) Quarterly Earnings CalendarThe pattern is immediately clear: SIX reports losses in its fiscal first quarter, which encompasses the winter months when parks close down for weather and maintenance, rises rapidly through the summer and fall when park attendance and profits peak, and drops again in fiscal Q4. SIX will be reporting its Q2 earnings on July 24, and is expected to post an EPS of $1. In the previous quarter, despite the operating loss, SIX beat the expectations by 4.6%; that is, the parks did not lose as much as expected.Heading into the earnings report, SIX has certain advantages: positive results from capital spending in the Membership 2.0 program, and good news on international expansion. According to Wedbush’s James Hardiman, “While none of these are a sure thing, any of them likely results in meaningful upside to SIX shares, particularly given the sell-off of the past year that has resulted in a discounted valuation with respect to the sizable dividend.”The dividend noted by Hardiman yields a robust 6.15%; at the stock’s $53 valuation, the payout is $3.28 annually. Considering SIX’s background, share price, and dividend, Hardiman upgraded his rating on the stock from neutral to buy, as he expects it will outperform the market in coming months. His price target, $62, suggests upside growth of 16%.Writing from Wells Fargo, Timothy Conder also upgraded his rating on SIX. Conder says of the stock, “Modest multiple re-expansion will come from potential upside catalysts of improved weather entering July-August months, upward Street revisions to China and improved understanding of tax related cash flow.” Conder adds that “Capital expenditure expensing combined with the ability to keep prior accelerated depreciation will minimize cash taxes to a greater degree than previously assumed.”In line with his bullish outlook, Conder gives SIX a price target of $56. At just 5%, the upside is modest, but Conder sees the real value of the stock in the potential for Six Flags to increase its already generous dividend and boost share price through repurchases over the next five years. SIX shares hold a strong buy rating from the analyst consensus, based on 5 buys and 1 hold given over the last three months. The average price target indicates a possible 11% upside to the current trading price of $53.View SIX Price Target & Analyst Ratings Detail elf Beauty, Inc. (ELF)At first glance, a discount cosmetic supplier catering to teens and young adults – and one with a 20% downside based on the share price and average price target – probably doesn’t seem like a good candidate for an upgrade. But simple share prices and targets don’t tell the whole story. Retail numbers play a major role in the consumer goods sector, and that is where elf Beauty just got a major boost.The analysts have noted improved retail numbers for ELF in recent days, and have revised their projections accordingly. At the same time, investors have noticed the improved outlook, and the stock’s share price has gained 19%, pushing it right through the now-outdated price target.The first analyst revision came from Andrea Faria Teixeira, of J.P. Morgan. On July 9, Teixeira noted that, “According to Nielsen data, which tracks against more than 2/3 of the company’s sales, consumption of ELF’s products increased +9.0% YOY in the 12 weeks ending 6/29/19, which is significantly ahead of the - 4% to - 8% decline [in] the company’s original guidance.” In line with this, she raised her outlook from neutral to overweight (equivalent to buy) and set a price target of $17. Her target may have been too low, as the stock’s gain since her upgrade has pushed the share price right up to it.DA Davidson’s Linda Bolton Weiser had already rated ELF a buy, but with the retail performance news, she bumped her price target up by 18%, to $19. She backed her higher target with the retail data, which showed that “sales … increased 14.6% in the final week of June and 13.6% in the 4 weeks ended on June 30th relative to last year, a vast improvement from the 1.8% decline registered for 2018.” Weiser’s new price target suggests room for a 12% upside to ELF shares.ELF is an excellent example of a stock in transition. The company just reported good sales figures, the analysts have done their part to disseminate it, and investors are acting accordingly – but the average data still reflects last week’s conditions, and the old price target of $13.50 would suggest a 20% downside. The current share price, $16.95, reflects buying activity from the past two days, after the sales numbers went public.The analyst consensus reflects the same, with 3 buys, 4 holds, and 1 sell giving ELF a moderate buy. The next few days will show if the stock’s new conditions will hold up, or if the analysts were too optimistic.View ELF Price Target & Analyst Ratings DetailFundamental strength, seasonal earnings gains, and unexpected sales success – the reasons for a stock upgrade are never predictable, but always logical in hindsight.Visit TipRanks’ Daily Analyst Ratings to find more hot stocks that are trending now. Cover image source
Six Flags Entertainment Corp (NYSE: SIX ) is receiving an upgrade on brighter days ahead. The Analyst and Rating Wells Fargo analyst Timothy Conder raised his rating from Market Perform to Outperform and ...
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
KeyBanc's propriety "Key First Look" credit and debit card data suggests attendance trends at Six Flags parks will rise by a total of 8% in the second quarter, Andress said in the Sunday upgrade note.
Atari® — one of the world’s most iconic consumer brands and interactive entertainment producers — today launched its partnership with Six Flags Entertainment (SIX), the world’s largest regional theme park company, to bring the real-world thrills of Six Flags to Atari’s popular theme park management series with the new Six Flags Season in RollerCoaster Tycoon® Touch™ for mobile devices. The new Six Flags Season update is available now, adding fan-favorite branded rides, shops, and theming for players to create in their parks.
Six Flags Entertainment Corporation today announced it will release second quarter financial results before the stock market opens on Wednesday, July 24, 2019. An investor conference call will follow beginning at 8:00 a.m.
Before putting in our own effort and resources into finding a good investment, we can quickly utilize hedge fund expertise to give us a quick glimpse of whether that stock could make for a good addition to our portfolios. The odds are not exactly stacked in investors' favor when it comes to beating the market, […]
Several positive catalysts led Wedbush to upgrade Six Flags Entertainment Corp (NYSE: SIX ) Wednesday. The Analysts James Hardiman upgraded Six Flags from Neutral to Outperform and raised the price target ...
Six Flags Great Adventure and its partner KDC Solar today announced that the 23.5-megawatt solar project built and operated by KDC Solar is complete and the World’s Ultimate Thrill Park is now almost fully-powered by solar energy. The project ranks as New Jersey’s largest net metered solar project and distinguishes Six Flags Great Adventure as one of the world’s first solar-powered theme parks.
Today we'll look at Six Flags Entertainment Corporation (NYSE:SIX) and reflect on its potential as an investment...
In terms of a higher dividend yield, the following stocks are thrashing the S&P 500 index, which had a dividend yield of 2.02% at market close on June 7. In addition, Wall Street issued a recommendation rating of overweight for all of them, which means that the stocks are predicted to outperform the overall market within 12 months. Also, while the S&P 500 index, which is considered as benchmark for the overall U.S. stock market, is forecasted to fall 9.1% over the same period, the price target for the following securities translates to at least 11.5% upside from the closing share price Friday.
Six Flags Entertainment Corp NYSE:SIXView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low and declining * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for SIX with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 3. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $1.44 billion over the last one-month into ETFs that hold SIX are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
In the 'Lightning Round' of Mad Money Thursday night, Jim Cramer was bullish on Six Flags Entertainment Corp. In this daily bar chart of SIX, below, we can see some subtle clues that prices could be undergoing a transition from bearish to bullish. Prices have drifted lower this month, but the On-Balance-Volume (OBV) line has been steady, which suggests investors may be buying the weakness instead of becoming more aggressive sellers.
On CNBC's "Mad Money Lightning Round," Jim Cramer said Realogy Holdings Corp (NYSE: RLGY ) has been though to own. He thinks the stock is not moving enough and he doesn't want to own it. The ...
Wedbush held the line on Six Flags Entertainment Corp (NYSE: SIX ) after meeting with CFO Marshall Barber and Steve Purtell, the company's senior vice president of investor relations. The Analyst Wedbush's ...
New Rides and Attractions from World-Renowned Theme Park Operator Coming to World’s Most Popular Roller Coaster Sim