Cedar Fair, L.P. (NYSE:FUN - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the thirteen analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $56.54.
FUN has been the subject of several research analyst reports. Citigroup boosted their target price on Cedar Fair from $53.00 to $57.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Guggenheim boosted their target price on Cedar Fair from $52.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. boosted their target price on Cedar Fair from $43.00 to $46.00 and gave the stock an "underweight" rating in a research note on Thursday, November 7th. StockNews.com downgraded Cedar Fair from a "hold" rating to a "sell" rating in a research note on Wednesday. Finally, Truist Financial boosted their target price on Cedar Fair from $54.00 to $56.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th.
Read Our Latest Research Report on FUN
Institutional Trading of Cedar Fair
A hedge fund recently raised its stake in Cedar Fair stock. S.A. Mason LLC boosted its stake in Cedar Fair, L.P. (NYSE:FUN - Free Report) by 63.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 993 shares of the company's stock after acquiring an additional 384 shares during the period. S.A. Mason LLC's holdings in Cedar Fair were worth $40,000 at the end of the most recent quarter. Institutional investors and hedge funds own 64.65% of the company's stock.
Cedar Fair Price Performance
FUN stock traded up $0.35 during midday trading on Thursday, reaching $43.25. The company had a trading volume of 744,642 shares, compared to its average volume of 1,101,843. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of -67.57 and a beta of 1.55. The stock has a 50 day moving average price of $46.07 and a 200-day moving average price of $43.89. Cedar Fair has a 1-year low of $35.93 and a 1-year high of $58.70. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.40 and a quick ratio of 0.32.
About Cedar Fair
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Get Free ReportCedar 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.
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