Cedar Fair, L.P. (NYSE:FUN) Receives $56.21 Average Target Price from Analysts

Shares of Cedar Fair, L.P. (NYSE:FUNGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $56.21.

Several research firms have recently commented on FUN. The Goldman Sachs Group lowered their price objective on shares of Cedar Fair from $55.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft decreased their price target 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. Macquarie reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Cedar Fair in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on Cedar Fair from $43.00 to $46.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. Finally, Oppenheimer cut their price target on Cedar Fair from $67.00 to $60.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th.

Check Out Our Latest Research Report on FUN

Institutional Trading of Cedar Fair

Institutional investors have recently modified their holdings of the business. Mutual of America Capital Management LLC purchased a new stake in shares of Cedar Fair during the 3rd quarter worth $260,000. S.A. Mason LLC grew its position in Cedar Fair by 63.1% during the third 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. Torno Capital LLC acquired a new position in Cedar Fair during the second quarter worth about $4,413,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in 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 buying an additional 1,400 shares in the last quarter. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

Cedar Fair Stock Down 2.7 %

Shares of NYSE FUN opened at $43.78 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 1.95. The business’s 50 day moving average is $46.78 and its two-hundred day moving average is $44.55. Cedar Fair has a 52-week low of $35.93 and a 52-week high of $58.70. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of -68.40 and a beta of 1.56.

Cedar Fair (NYSE:FUNGet Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($1.38). Cedar Fair had a net margin of 0.99% and a return on equity of 113.05%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the firm posted $4.21 EPS. Research analysts predict that Cedar Fair will post 0.83 EPS for the current year.

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.

Further Reading

Analyst Recommendations for Cedar Fair (NYSE:FUN)

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