Cedar Fair (NYSE:FUN) Earns Overweight Rating from Analysts at Barclays

Barclays initiated coverage on shares of Cedar Fair (NYSE:FUN) in a report published on Friday, MarketBeat Ratings reports. The firm issued an overweight rating and a $41.00 target price on the stock.

A number of other equities analysts also recently commented on FUN. Citigroup lifted their price objective on Cedar Fair from $53.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Jefferies Financial Group began coverage on Cedar Fair in a report on Monday, December 9th. They set a “buy” rating and a $59.00 price target on the stock. StockNews.com lowered shares of Cedar Fair from a “hold” rating to a “sell” rating in a report on Thursday, March 6th. Truist Financial lifted their target price on shares of Cedar Fair from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Finally, Guggenheim dropped their price target on shares of Cedar Fair from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Cedar Fair has a consensus rating of “Moderate Buy” and a consensus target price of $55.07.

Cedar Fair Trading Up 8.0 %

FUN opened at $37.88 on Friday. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of -59.19 and a beta of 1.54. The company’s 50 day simple moving average is $43.87 and its two-hundred day simple moving average is $43.61. Cedar Fair has a 1-year low of $33.83 and a 1-year high of $58.70. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.40 and a quick ratio of 0.32.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cedar Fair stock. Mutual of America Capital Management LLC bought a new position in shares of Cedar Fair, L.P. (NYSE:FUN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 6,459 shares of the company’s stock, valued at approximately $260,000. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Cedar Fair Company Profile

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.