Analysts Set Cedar Fair, L.P. (NYSE:FUN) Price Target at $56.15

Cedar Fair, L.P. (NYSE:FUN) has received a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $55.07.

Several brokerages have weighed in on FUN. Guggenheim reduced their price objective on Cedar Fair from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Citigroup increased their price target on Cedar Fair from $53.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Jefferies Financial Group started coverage on Cedar Fair in a research note on Monday, December 9th. They issued a “buy” rating and a $59.00 price objective on the stock. Truist Financial increased their target price on shares of Cedar Fair from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, StockNews.com lowered shares of Cedar Fair from a “hold” rating to a “sell” rating in a research report on Thursday, March 6th.

Cedar Fair Stock Up 8.0 %

Cedar Fair stock opened at $37.88 on Monday. The firm has a 50 day moving average price of $43.87 and a 200-day moving average price of $43.61. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 1.95. Cedar Fair has a twelve month low of $33.83 and a twelve month high of $58.70. The company has a market capitalization of $3.80 billion, a P/E ratio of -59.19 and a beta of 1.54.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cedar Fair stock. Mutual of America Capital Management LLC acquired a new stake in shares of Cedar Fair, L.P. (NYSE:FUN) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 6,459 shares of the company’s stock, valued at approximately $260,000. 64.65% of the stock is owned by hedge funds and other institutional investors.

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.