Truist Financial Cuts Cedar Fair (NYSE:FUN) Price Target to $52.00

Cedar Fair (NYSE:FUN - Get Free Report) had its price objective dropped by equities research analysts at Truist Financial from $56.00 to $52.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Truist Financial's target price indicates a potential upside of 47.17% from the company's current price.

FUN has been the topic of several other research reports. Citigroup raised their price target on shares of Cedar Fair from $53.00 to $57.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Macquarie restated an "outperform" rating and issued a $55.00 target price on shares of Cedar Fair in a research report on Friday, March 7th. Jefferies Financial Group started coverage on Cedar Fair in a research note on Monday, December 9th. They set a "buy" rating and a $59.00 target price on the stock. Barclays initiated coverage on Cedar Fair in a research note on Friday, March 14th. They issued an "overweight" rating and a $41.00 price target for the company. Finally, Guggenheim cut their price objective on shares of Cedar Fair from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Cedar Fair presently has an average rating of "Moderate Buy" and a consensus price target of $54.57.

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Cedar Fair Stock Performance

NYSE FUN traded down $1.77 during trading hours on Tuesday, hitting $35.33. The company had a trading volume of 1,285,519 shares, compared to its average volume of 1,295,616. 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 firm has a market cap of $3.55 billion, a P/E ratio of -55.21 and a beta of 1.54. Cedar Fair has a fifty-two week low of $33.83 and a fifty-two week high of $58.70. The business has a fifty day simple moving average of $41.87 and a 200-day simple moving average of $43.17.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cedar Fair stock. Mutual of America Capital Management LLC bought a new position in Cedar Fair, L.P. (NYSE:FUN - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,459 shares of the company's stock, valued at approximately $260,000. Hedge funds and other institutional investors own 64.65% of the company's stock.

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.