Cedar Fair (NYSE:FUN) Price Target Raised to $56.00

Cedar Fair (NYSE:FUN - Get Free Report) had its price target lifted by investment analysts at Truist Financial from $54.00 to $56.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price objective would indicate a potential upside of 16.79% from the company's previous close.

Several other research firms have also recently issued reports on FUN. Oppenheimer decreased their price objective on Cedar Fair from $67.00 to $60.00 and set an "outperform" rating on the stock in a report on Tuesday, October 15th. Jefferies Financial Group started coverage on Cedar Fair in a research note on Monday, December 9th. They issued a "buy" rating and a $59.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped 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 note on Friday, October 4th. The Goldman Sachs Group cut their price objective on shares of Cedar Fair from $55.00 to $47.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Finally, Citigroup boosted their target price on shares of Cedar Fair from $53.00 to $57.00 and gave the company a "buy" rating in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $56.21.

Cedar Fair Trading Down 2.2 %

Shares of FUN traded down $1.06 on Tuesday, hitting $47.95. 714,696 shares of the stock traded hands, compared to its average volume of 1,105,324. Cedar Fair has a 1 year low of $35.93 and a 1 year high of $58.70. The stock's 50 day moving average is $46.42 and its two-hundred day moving average is $45.28. The firm has a market capitalization of $4.81 billion, a P/E ratio of -74.92 and a beta of 1.56. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 1.95.

Institutional Investors Weigh In On Cedar Fair

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

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.