Cedar Fair, L.P. (NYSE:FUN - Get Free Report) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 9,140,000 shares, an increase of 19.6% from the March 15th total of 7,640,000 shares. Currently, 9.3% of the company's shares are short sold. Based on an average trading volume of 1,590,000 shares, the days-to-cover ratio is currently 5.7 days.
Cedar Fair Trading Up 0.7 %
FUN stock traded up $0.25 during mid-day trading on Thursday, reaching $35.71. 655,280 shares of the stock traded hands, compared to its average volume of 1,422,129. 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 stock has a market capitalization of $3.58 billion, a PE ratio of -56.02 and a beta of 1.21. Cedar Fair has a one year low of $28.02 and a one year high of $58.70. The business has a 50-day moving average price of $37.26 and a two-hundred day moving average price of $42.11.
Analyst Ratings Changes
Several research firms have recently commented on FUN. Macquarie reaffirmed an "outperform" rating and issued a $55.00 target price on shares of Cedar Fair in a research report on Friday, March 7th. JPMorgan Chase & Co. reduced their price objective on shares of Cedar Fair from $46.00 to $28.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Barclays started coverage on shares of Cedar Fair in a report on Friday, March 14th. They set an "overweight" rating and a $41.00 price target on the stock. Guggenheim reduced their price objective on Cedar Fair from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Finally, Stifel Nicolaus lowered their target price on shares of Cedar Fair from $64.00 to $52.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $50.87.
Get Our Latest Stock Analysis on Cedar Fair
Cedar Fair Company Profile
(
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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.
Further Reading
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