Cedar Fair, L.P. (NYSE:FUN) Receives $56.21 Consensus PT from Analysts

Shares of Cedar Fair, L.P. (NYSE:FUN) have received an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $56.54.

FUN has been the subject of several analyst reports. Jefferies Financial Group initiated coverage on Cedar Fair in a report on Monday, December 9th. They issued a “buy” rating and a $59.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on Cedar Fair from $43.00 to $46.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. Citigroup raised their price objective on Cedar Fair from $53.00 to $57.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Truist Financial raised their price objective on Cedar Fair from $54.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Guggenheim raised their price objective on Cedar Fair from $52.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, November 19th.

Institutional Investors Weigh In On Cedar Fair

An institutional investor recently raised its position in Cedar Fair stock. S.A. Mason LLC increased its holdings in Cedar Fair, L.P. (NYSE:FUN) by 63.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 993 shares of the company’s stock after buying an additional 384 shares during the period. S.A. Mason LLC’s holdings in Cedar Fair were worth $40,000 as of its most recent filing with the Securities and Exchange Commission. 64.65% of the stock is currently owned by institutional investors and hedge funds.

Cedar Fair Stock Performance

FUN opened at $47.32 on Thursday. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of -73.93 and a beta of 1.55. The business’s 50-day moving average price is $46.01 and its two-hundred day moving average price is $43.90. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.40 and a quick ratio of 0.32. Cedar Fair has a 1 year low of $35.93 and a 1 year high of $58.70.

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.