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In a year marked by economic headwinds, Cedar Fair LP (NYSE:FUN), the renowned amusement park and entertainment company, saw its stock tumble to a 52-week low of $33.83, with a significant year-to-date decline of 22.45%. According to InvestingPro analysis, the stock appears undervalued at current levels. Despite the challenging market conditions, analysts maintain an optimistic outlook, with expectations of both sales and net income growth this year. The company’s overall financial health score stands at "FAIR" according to InvestingPro metrics, with analyst price targets ranging from $41 to $64. For deeper insights into Cedar Fair’s valuation and growth prospects, investors can access comprehensive analysis and 8 additional ProTips through the detailed Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Six Flags (NYSE:SIX) Entertainment has reported its financial performance for the fiscal year 2024, with an EBITDA of $875.3 million, showing a 5.5% year-over-year growth in its legacy FUN operations. This growth was supported by $35 million in cost savings, which played a crucial role in the positive financial results. Meanwhile, the legacy Six Flags segment experienced a 6.7% decline in EBITDA to $430 million, despite achieving $15 million in cost savings. Barclays (LON:BARC) has initiated coverage on Six Flags with an Overweight rating and a $41 price target, citing the company’s capital investments and in-park operations as strengths, while also acknowledging potential risks such as low returns on investments.
Guggenheim has adjusted its price target for Six Flags to $50, following the company’s fourth-quarter earnings that slightly missed expectations, with revenue at $687 million and EBITDA at $209 million. Despite this, Six Flags management forecasts an adjusted EBITDA between $1.08 billion and $1.12 billion for 2025, with positive trends in attendance and season pass sales. Oppenheimer maintains an Outperform rating and a $60 price target, highlighting a 1% year-over-year revenue growth and an expansion in EBITDA margins, alongside positive guidance for 2025.
Additionally, Six Flags has announced the nomination of four new board members, intending to elect them at the 2025 Annual Meeting of Stockholders. The nominees, including Sandy Cochran and Michael Colglazier, are expected to contribute to the company’s strategic objectives and shareholder value. These developments reflect Six Flags’ ongoing efforts to enhance its operational and financial performance, with various analyst firms offering differing perspectives on the company’s potential.
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