Cedar Fair, L.P. (NYSE:FUN) Receives $56.21 Consensus Target Price from Brokerages

Shares of Cedar Fair, L.P. (NYSE:FUN) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $56.54.

A number of equities research analysts have commented on the company. StockNews.com cut Cedar Fair from a “hold” rating to a “sell” rating in a report on Wednesday. Truist Financial lifted their price objective on Cedar Fair from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Macquarie reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Cedar Fair in a research report on Thursday, November 7th. Jefferies Financial Group began coverage on Cedar Fair in a research report on Monday, December 9th. They issued a “buy” rating and a $59.00 price objective for the company. Finally, Citigroup lifted their price objective on Cedar Fair from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, December 2nd.

Cedar Fair Price Performance

Shares of NYSE:FUN opened at $43.25 on Thursday. The business’s fifty day moving average price is $46.07 and its two-hundred day moving average price is $43.92. The stock has a market cap of $4.34 billion, a PE ratio of -67.57 and a beta of 1.55. 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 one year low of $35.93 and a one year high of $58.70.

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 acquired a new position in shares of Cedar Fair, L.P. (NYSE:FUN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 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.

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.