Mizuho Issues Pessimistic Forecast for Cedar Fair (NYSE:FUN) Stock Price

Cedar Fair (NYSE:FUN - Free Report) had its price target decreased by Mizuho from $54.00 to $49.00 in a research report released on Friday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

A number of other equities analysts have also recently commented on the stock. Citigroup boosted their price target on shares of Cedar Fair from $53.00 to $57.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Macquarie reiterated an "outperform" rating and issued a $55.00 price objective on shares of Cedar Fair in a report on Friday, March 7th. Guggenheim dropped their target price on Cedar Fair from $55.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Barclays assumed coverage on Cedar Fair in a research report on Friday, March 14th. They issued an "overweight" rating and a $41.00 price objective for the company. Finally, StockNews.com cut shares of Cedar Fair from a "hold" rating to a "sell" rating in a report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.57.

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Cedar Fair Price Performance

NYSE:FUN traded down $1.36 during trading hours on Friday, hitting $37.46. The stock had a trading volume of 979,458 shares, compared to its average volume of 1,235,126. The company has a 50 day simple moving average of $42.35 and a two-hundred day simple moving average of $43.27. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of -58.53 and a beta of 1.54. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.40 and a quick ratio of 0.32. Cedar Fair has a one year low of $33.83 and a one year high of $58.70.

Hedge Funds Weigh In On Cedar Fair

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