Shares of Cedar Fair, L.P. (NYSE:FUN - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $43.97 and traded as high as $45.44. Cedar Fair shares last traded at $44.00, with a volume of 2,290,296 shares trading hands.
Wall Street Analyst Weigh In
FUN has been the topic of several research analyst reports. Truist Financial raised their price objective on Cedar Fair from $54.00 to $56.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Citigroup raised their price target on Cedar Fair from $53.00 to $57.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Jefferies Financial Group started coverage on Cedar Fair in a research report on Monday, December 9th. They issued a "buy" rating and a $59.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Cedar Fair from $43.00 to $46.00 and gave the stock an "underweight" rating in a report on Thursday, November 7th. Finally, StockNews.com cut shares of Cedar Fair from a "hold" rating to a "sell" rating in a report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $56.54.
Get Our Latest Analysis on Cedar Fair
Cedar Fair Stock Down 1.6 %
The company has a debt-to-equity ratio of 1.95, a current ratio of 0.40 and a quick ratio of 0.32. The firm has a 50-day moving average of $45.77 and a 200 day moving average of $44.00. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of -67.83 and a beta of 1.55.
Institutional Investors Weigh In On Cedar Fair
A hedge fund recently bought a new stake in Cedar Fair stock. Mutual of America Capital Management LLC purchased a new position in shares of Cedar Fair, L.P. (NYSE:FUN - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,459 shares of the company's stock, valued at approximately $260,000. Institutional investors and hedge funds own 64.65% of the company's stock.
Cedar Fair Company Profile
(
Get Free Report)
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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