Cedar Fair (NYSE:FUN) Stock Price Expected to Rise, Truist Financial Analyst Says

Cedar Fair (NYSE:FUN) had its target price raised by Truist Financial from $54.00 to $56.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently commented on FUN. StockNews.com upgraded Cedar Fair from a “sell” rating to a “hold” rating in a report on Thursday, December 26th. Jefferies Financial Group began coverage on Cedar Fair in a research note on Monday, December 9th. They issued a “buy” rating and a $59.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on Cedar Fair from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Guggenheim lifted their target price on shares of Cedar Fair from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, The Goldman Sachs Group dropped their price target on shares of Cedar Fair from $55.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cedar Fair currently has a consensus rating of “Moderate Buy” and an average target price of $56.21.

Cedar Fair Price Performance

Shares of NYSE:FUN opened at $47.95 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 1.95. The stock has a market cap of $4.81 billion, a PE ratio of -74.92 and a beta of 1.56. The company’s fifty day moving average is $46.42 and its 200 day moving average is $45.28. Cedar Fair has a 52 week low of $35.93 and a 52 week high of $58.70.

Hedge Funds Weigh In On Cedar Fair

A number of institutional investors have recently bought and sold shares of FUN. Commonwealth Equity Services LLC boosted its position in Cedar Fair by 4.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 18,806 shares of the company’s stock valued at $1,022,000 after acquiring an additional 826 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Cedar Fair by 94.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,887 shares of the company’s stock valued at $157,000 after purchasing an additional 1,400 shares during the period. Torno Capital LLC bought a new stake in shares of Cedar Fair during the second quarter valued at approximately $4,413,000. S.A. Mason LLC grew its stake in Cedar Fair by 63.1% in the third quarter. S.A. Mason LLC now owns 993 shares of the company’s stock worth $40,000 after purchasing an additional 384 shares during the period. Finally, Mutual of America Capital Management LLC purchased a new stake in Cedar Fair in the third quarter worth $260,000. 64.65% of the stock is owned by institutional investors.

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.