Mizuho Lowers Cedar Fair (NYSE:FUN) Price Target to $49.00

Cedar Fair (NYSE:FUN) had its target price cut by investment analysts at Mizuho from $54.00 to $49.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s target price points to a potential upside of 30.83% from the company’s current price.

A number of other research firms also recently weighed in on FUN. Barclays began coverage on Cedar Fair in a research report on Friday, March 14th. They set an “overweight” rating and a $41.00 target price for the company. Truist Financial boosted their price target on Cedar Fair from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Guggenheim lowered their price target on Cedar Fair from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Macquarie reissued an “outperform” rating and set a $55.00 price target on shares of Cedar Fair in a report on Friday, March 7th. Finally, StockNews.com cut Cedar Fair from a “hold” rating to a “sell” rating in a report on Thursday, March 6th. Two 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.86.

Cedar Fair Stock Performance

NYSE:FUN opened at $37.45 on Friday. The stock has a fifty day moving average price of $42.67 and a 200-day moving average price of $43.34. The company has a market cap of $3.76 billion, a price-to-earnings ratio of -58.52 and a beta of 1.54. 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 fifty-two week low of $33.83 and a fifty-two week high of $58.70.

Institutional Investors Weigh In On Cedar Fair

A hedge fund recently bought a new stake in Cedar Fair stock. Mutual of America Capital Management LLC purchased a new position in Cedar Fair, L.P. (NYSE:FUN) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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.