#5 - Six Flags (NYSE:SIX)
Another destination travel stock that makes the list is Six Flags (NYSE: SIX). SIX stock has rocketed up 123% in the 12 months ending June 30, 2021. And that still leaves the stock 13.5% below the level it was at this point in 2019.
With the company’s amusement parks likely to be open at nearly pre-pandemic levels, 2021 should see the company’s revenues growing. In fact, the company’s revenue is expected to grow by an average of over 45% in the next five years.
Another thing to like about SIX stock is that the company was able to renegotiate some of its leverage covenants during the pandemic so the company has a little breathing room as it gets up and running.
In late February, I advised investors to sit tight until they saw revenue numbers for the quarter ending in June. The stock quickly soared to its 52-week high, but has since pulled back and now is selling for approximately what is was when I made my last call.
With the stock consolidating, now may be a good time to pick up shares as a good earnings report in August will likely be a catalyst for further stock price growth.
About Six Flags Entertainment
Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company sells food, beverages, merchandise, and other products and services within its parks.
Read More - Current Price
- $32.00
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 3 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $28.80 (10.0% Downside)
