Cedar Fair (NYSE:FUN) Research Coverage Started at Barclays

Barclays assumed coverage on shares of Cedar Fair (NYSE:FUN) in a report released on Friday, MarketBeat reports. The brokerage issued an overweight rating and a $41.00 price objective on the stock.

A number of other equities research analysts also recently weighed in on the company. Guggenheim decreased their target price on Cedar Fair from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Macquarie reissued an “outperform” rating and issued a $55.00 price target on shares of Cedar Fair in a report on Friday, March 7th. Jefferies Financial Group started coverage on shares of Cedar Fair in a report on Monday, December 9th. They set a “buy” rating and a $59.00 price objective for the company. StockNews.com cut shares of Cedar Fair from a “hold” rating to a “sell” rating in a research note on Thursday, March 6th. Finally, Citigroup raised 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. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.07.

Cedar Fair Stock Performance

Shares of NYSE FUN opened at $37.88 on Friday. Cedar Fair has a 12 month low of $33.83 and a 12 month high of $58.70. 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 company has a market cap of $3.80 billion, a P/E ratio of -59.19 and a beta of 1.54. The business’s 50 day moving average is $43.69 and its two-hundred day moving average is $43.57.

Institutional Inflows and Outflows

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) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,459 shares of the company’s stock, valued at approximately $260,000. 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.