Cedar Fair, L.P. (NYSE:FUN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Cedar Fair, L.P. (NYSE:FUN) have received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $56.15.

Several equities research analysts have commented on FUN shares. Citigroup increased 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. Jefferies Financial Group initiated coverage on shares of Cedar Fair in a research report on Monday, December 9th. They set a “buy” rating and a $59.00 target price for the company. Truist Financial increased their target price on shares of Cedar Fair from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Guggenheim reduced their target price on shares of Cedar Fair from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Finally, Macquarie reissued an “outperform” rating and set a $55.00 target price on shares of Cedar Fair in a research report on Friday.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cedar Fair stock. Mutual of America Capital Management LLC purchased a new stake in Cedar Fair, L.P. (NYSE:FUN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,459 shares of the company’s stock, valued at approximately $260,000. Institutional investors and hedge funds own 64.65% of the company’s stock.

Cedar Fair Trading Down 3.3 %

NYSE:FUN opened at $37.71 on Monday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.32 and a current ratio of 0.40. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of -58.93 and a beta of 1.54. Cedar Fair has a 52 week low of $35.93 and a 52 week high of $58.70. The firm has a 50-day moving average price of $44.90 and a two-hundred day moving average price of $43.85.

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.