Cedar Fair, L.P. (NYSE:FUN) Receives $54.57 Average Price Target from Analysts

Shares of Cedar Fair, L.P. (NYSE:FUN) have earned a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $54.57.

FUN has been the topic of a number of research reports. Truist Financial reduced their price objective on Cedar Fair from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Jefferies Financial Group began coverage on Cedar Fair in a report on Monday, December 9th. They set a “buy” rating and a $59.00 price target on the stock. Mizuho dropped their price objective on shares of Cedar Fair from $54.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Barclays began coverage on shares of Cedar Fair in a report on Friday, March 14th. They set an “overweight” rating and a $41.00 target price on the stock. Finally, Guggenheim decreased their price target on shares of Cedar Fair from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th.

Cedar Fair Stock Performance

Shares of Cedar Fair stock opened at $31.39 on Friday. The company’s 50 day moving average price is $40.85 and its two-hundred day moving average price is $42.97. The firm has a market capitalization of $3.15 billion, a P/E ratio of -49.05 and a beta of 1.21. Cedar Fair has a fifty-two week low of $29.90 and a fifty-two week 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.

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.