Guggenheim Issues Positive Forecast for Cedar Fair (NYSE:FUN) Stock Price

Cedar Fair (NYSE:FUN - Free Report) had its target price lifted by Guggenheim from $52.00 to $55.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently commented on FUN. Stifel Nicolaus decreased their target price on shares of Cedar Fair from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft lowered their price objective 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. Truist Financial lowered their price target on Cedar Fair from $60.00 to $54.00 and set a "buy" rating for the company in a research report on Monday, October 21st. JPMorgan Chase & Co. increased their target price on Cedar Fair from $43.00 to $46.00 and gave the stock an "underweight" rating in a research note on Thursday, November 7th. Finally, Oppenheimer dropped their target price on Cedar Fair from $67.00 to $60.00 and set an "outperform" rating for the company in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Cedar Fair currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.92.

Cedar Fair Trading Up 0.3 %

NYSE:FUN traded up $0.15 during trading hours on Tuesday, hitting $45.80. The company had a trading volume of 497,835 shares, compared to its average volume of 977,914. Cedar Fair has a 1 year low of $35.93 and a 1 year high of $58.70. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.95. The company has a 50-day moving average of $41.00 and a 200 day moving average of $44.57. The company has a market cap of $4.59 billion, a P/E ratio of -71.36 and a beta of 1.55.

Institutional Investors Weigh In On Cedar Fair

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mutual of America Capital Management LLC purchased a new stake in shares of Cedar Fair in the 3rd quarter valued at about $260,000. S.A. Mason LLC increased its holdings in shares of Cedar Fair by 63.1% in the 3rd quarter. S.A. Mason LLC now owns 993 shares of the company's stock valued at $40,000 after acquiring an additional 384 shares during the period. Torno Capital LLC purchased a new stake in Cedar Fair in the 2nd quarter valued at $4,413,000. Benjamin F. Edwards & Company Inc. boosted its stake in Cedar Fair by 94.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,887 shares of the company's stock worth $157,000 after purchasing an additional 1,400 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in Cedar Fair by 4.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 18,806 shares of the company's stock worth $1,022,000 after purchasing an additional 826 shares during the last quarter. 64.65% of the stock is currently owned by institutional investors and hedge funds.

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.