Cedar Fair (NYSE:FUN) Price Target Raised to $46.00

Cedar Fair (NYSE:FUN - Get Free Report) had its target price increased by stock analysts at JPMorgan Chase & Co. from $43.00 to $46.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 1.39% from the company's current price.

Other research analysts also recently issued research reports about the company. Guggenheim began coverage on Cedar Fair in a report on Tuesday, October 29th. They set a "buy" rating and a $52.00 target price on the stock. Stifel Nicolaus decreased their price objective on Cedar Fair from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, August 9th. The Goldman Sachs Group decreased their target price on shares of Cedar Fair from $55.00 to $47.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Cedar Fair from $65.00 to $58.00 and set a "buy" rating for the company in a research report on Friday, October 4th. Finally, B. Riley lowered their target price on shares of Cedar Fair from $77.00 to $65.00 and set a "buy" rating on the stock in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $55.69.

Cedar Fair Price Performance

NYSE FUN traded down $0.27 during trading hours on Thursday, reaching $45.37. The company's stock had a trading volume of 1,044,918 shares, compared to its average volume of 971,307. Cedar Fair has a 1-year low of $35.93 and a 1-year high of $58.70. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 18.52 and a beta of 1.55. The company's 50-day moving average is $40.58 and its two-hundred day moving average is $44.11.

Cedar Fair (NYSE:FUN - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.02. The firm had revenue of $571.62 million during the quarter, compared to analysts' expectations of $525.57 million. Cedar Fair had a net margin of 6.80% and a negative return on equity of 23.97%. Equities analysts forecast that Cedar Fair will post 2.14 EPS for the current fiscal year.

Institutional Trading of Cedar Fair

Institutional investors have recently modified their holdings of the business. HAP Trading LLC purchased a new position in shares of Cedar Fair during the first quarter valued at approximately $1,329,000. Cetera Advisors LLC increased its stake in Cedar Fair by 10.9% in the 1st quarter. Cetera Advisors LLC now owns 6,881 shares of the company's stock worth $288,000 after acquiring an additional 675 shares during the last quarter. Aurora Investment Counsel boosted its stake in Cedar Fair by 1.7% during the first quarter. Aurora Investment Counsel now owns 15,077 shares of the company's stock worth $632,000 after buying an additional 253 shares during the period. HM Payson & Co. purchased a new stake in Cedar Fair in the 1st quarter valued at about $332,000. Finally, CWM LLC raised its holdings in Cedar Fair by 932.0% in the second quarter. CWM LLC now owns 2,064 shares of the company's stock worth $112,000 after purchasing an additional 1,864 shares in the last quarter. 64.65% of the stock is currently owned by hedge funds and other 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.

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