Cedar Fair (NYSE:FUN) Price Target Raised to $57.00 at Citigroup

Cedar Fair (NYSE:FUN) had its price target raised by Citigroup from $53.00 to $57.00 in a research report report published on Monday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other research firms have also issued reports on FUN. JPMorgan Chase & Co. increased their target price on shares of Cedar Fair from $43.00 to $46.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. Guggenheim increased their price objective on shares of Cedar Fair from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Cedar Fair from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. Mizuho cut their price target on Cedar Fair from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Finally, Stifel Nicolaus lowered their price objective on Cedar Fair from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $55.85.

Cedar Fair Stock Performance

NYSE:FUN opened at $48.26 on Monday. The stock has a 50-day simple moving average of $41.94 and a two-hundred day simple moving average of $44.79. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.32 and a current ratio of 0.40. Cedar Fair has a 52-week low of $35.93 and a 52-week high of $58.70. The firm has a market capitalization of $4.84 billion, a PE ratio of -76.08 and a beta of 1.55.

Institutional Trading of Cedar Fair

A number of large investors have recently added to or reduced their stakes in FUN. S.A. Mason LLC boosted its position in shares of Cedar Fair by 63.1% during the 3rd quarter. S.A. Mason LLC now owns 993 shares of the company’s stock valued at $40,000 after acquiring an additional 384 shares during the last quarter. CWM LLC lifted its position in Cedar Fair by 932.0% during the second quarter. CWM LLC now owns 2,064 shares of the company’s stock valued at $112,000 after purchasing an additional 1,864 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Cedar Fair by 94.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,887 shares of the company’s stock worth $157,000 after buying an additional 1,400 shares in the last quarter. Brookstone Capital Management bought a new stake in shares of Cedar Fair in the 2nd quarter worth about $215,000. Finally, Thrive Wealth Management LLC purchased a new stake in shares of Cedar Fair during the 2nd quarter valued at about $252,000. Institutional investors own 64.65% of the company’s stock.

About Cedar Fair

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.