Truist Financial Cuts Cedar Fair (NYSE:FUN) Price Target to $45.00

Cedar Fair (NYSE:FUN - Free Report) had its price objective cut by Truist Financial from $52.00 to $45.00 in a report released on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts also recently issued reports on FUN. Stifel Nicolaus dropped their price target on shares of Cedar Fair from $64.00 to $52.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Mizuho lowered their target price on Cedar Fair from $54.00 to $49.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Barclays initiated coverage on Cedar Fair in a research report on Friday, March 14th. They issued an "overweight" rating and a $41.00 price target on the stock. UBS Group assumed coverage on Cedar Fair in a research report on Wednesday, April 9th. They set a "buy" rating and a $49.00 price objective for the company. Finally, Guggenheim reduced their target price on Cedar Fair from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Cedar Fair presently has an average rating of "Moderate Buy" and an average price target of $50.87.

Cedar Fair Trading Up 4.8 %

Shares of NYSE:FUN traded up $1.52 during midday trading on Monday, hitting $33.36. 1,092,623 shares of the stock were exchanged, compared to its average volume of 1,401,974. The business's 50-day moving average price is $37.78 and its 200 day moving average price is $42.18. Cedar Fair has a 12 month low of $28.02 and a 12 month high of $58.70. 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 $3.35 billion, a price-to-earnings ratio of -52.12 and a beta of 1.21.

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.