Wells Fargo Maintains a Buy Rating on Six Flags (SIX)

By Carrie Williams

Wells Fargo analyst Tim Conder maintained a Buy rating on Six Flags (SIXResearch Report) today. The company’s shares closed last Monday at $44.70.

According to TipRanks.com, Conder is a 4-star analyst with an average return of 7.7% and a 59.8% success rate. Conder covers the Consumer Goods sector, focusing on stocks such as Acushnet Holdings, Malibu Boats, and Brunswick.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Six Flags with a $56.67 average price target.

See today’s analyst top recommended stocks >>

Based on Six Flags’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $180 million. In comparison, last year the company had a net profit of $184 million.

Based on the recent corporate insider activity of 48 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.