Equities research analysts at Barclays began coverage on shares of Cedar Fair (NYSE:FUN – Get Free Report) in a research note issued to investors on Friday, Marketbeat reports. The brokerage set an “overweight” rating and a $41.00 price target on the stock. Barclays‘s target price would indicate a potential upside of 8.23% from the stock’s current price.
Several other research firms also recently weighed in on FUN. StockNews.com downgraded shares of Cedar Fair from a “hold” rating to a “sell” rating in a research report on Thursday, March 6th. Guggenheim dropped their target price on shares of Cedar Fair from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Truist Financial boosted 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. Macquarie restated an “outperform” rating and set a $55.00 price objective on shares of Cedar Fair in a research note on Friday, March 7th. Finally, Citigroup lifted their price objective on shares of Cedar Fair from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.07.
Check Out Our Latest Analysis on FUN
Cedar Fair Stock Up 8.0 %
Hedge Funds Weigh In On Cedar Fair
A hedge fund recently bought a new stake in Cedar Fair stock. Mutual of America Capital Management LLC bought a new position in shares of Cedar Fair, L.P. (NYSE:FUN – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,459 shares of the company’s stock, valued at approximately $260,000. 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.
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