Cedar Fair, L.P. (NYSE:FUN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Cedar Fair, L.P. (NYSE:FUN) have earned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $56.21.

FUN has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on Cedar Fair from $43.00 to $46.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Jefferies Financial Group initiated coverage on Cedar Fair in a report on Monday, December 9th. They set a “buy” rating and a $59.00 price objective on the stock. Citigroup increased their target price on Cedar Fair from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. The Goldman Sachs Group dropped their price target 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. Finally, Truist Financial upped their price target on shares of Cedar Fair from $54.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, January 7th.

Cedar Fair Stock Performance

Cedar Fair stock opened at $42.83 on Thursday. Cedar Fair has a 12-month low of $35.93 and a 12-month high of $58.70. 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 company has a market capitalization of $4.29 billion, a price-to-earnings ratio of -66.92 and a beta of 1.55. The firm’s fifty day moving average price is $46.24 and its 200 day moving average price is $43.97.

Hedge Funds Weigh In On Cedar Fair

A hedge fund recently raised its stake in Cedar Fair stock. S.A. Mason LLC lifted its stake in shares of Cedar Fair, L.P. (NYSE:FUN) by 63.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 993 shares of the company’s stock after purchasing an additional 384 shares during the quarter. S.A. Mason LLC’s holdings in Cedar Fair were worth $40,000 as of its most recent filing with the Securities and Exchange Commission. 64.65% of the stock is owned by institutional investors and hedge funds.

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.