Mizuho Cuts Cedar Fair (NYSE:FUN) Price Target to $49.00

Cedar Fair (NYSE:FUN) had its price target reduced by Mizuho from $54.00 to $49.00 in a research note published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Other analysts also recently issued reports about the stock. Macquarie reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Cedar Fair in a report on Friday, March 7th. Barclays assumed coverage on shares of Cedar Fair in a research report on Friday, March 14th. They issued an “overweight” rating and a $41.00 target price on the stock. Citigroup lifted their target price on shares of Cedar Fair from $53.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Truist Financial lifted their target price on shares of Cedar Fair from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group assumed coverage on shares of Cedar Fair in a research report on Monday, December 9th. They issued a “buy” rating and a $59.00 target price on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.86.

Cedar Fair Stock Performance

NYSE FUN opened at $37.45 on Friday. Cedar Fair has a 52-week low of $33.83 and a 52-week high of $58.70. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.32 and a current ratio of 0.40. The company has a market capitalization of $3.76 billion, a P/E ratio of -58.52 and a beta of 1.54. The company has a fifty day moving average of $42.67 and a 200-day moving average of $43.33.

Hedge Funds Weigh In On Cedar Fair

An institutional investor recently bought a new position in Cedar Fair stock. Mutual of America Capital Management LLC acquired a new position in shares of Cedar Fair, L.P. (NYSE:FUN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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.