Truist Financial Issues Positive Forecast for Cedar Fair (NYSE:FUN) Stock Price

Cedar Fair (NYSE:FUN) had its price target raised by research analysts at Truist Financial from $54.00 to $56.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price suggests a potential upside of 15.51% from the company’s current price.

Several other equities analysts have also issued reports on FUN. Jefferies Financial Group initiated coverage on shares of Cedar Fair in a report on Monday, December 9th. They issued a “buy” rating and a $59.00 target price on the stock. Oppenheimer decreased their target price on Cedar Fair from $67.00 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft cut their price target on Cedar Fair from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, October 4th. Guggenheim lifted their price objective on shares of Cedar Fair from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. raised their price target on shares of Cedar Fair from $43.00 to $46.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Cedar Fair has a consensus rating of “Moderate Buy” and an average price target of $56.21.

Cedar Fair Trading Down 1.1 %

NYSE:FUN traded down $0.53 during mid-day trading on Tuesday, hitting $48.48. 143,125 shares of the company’s stock were exchanged, compared to its average volume of 957,592. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.95. Cedar Fair has a fifty-two week low of $35.93 and a fifty-two week high of $58.70. The company has a 50 day simple moving average of $46.31 and a 200-day simple moving average of $45.30. The firm has a market capitalization of $4.86 billion, a P/E ratio of -75.75 and a beta of 1.56.

Institutional Trading of Cedar Fair

Institutional investors have recently bought and sold shares of the stock. Torno Capital LLC purchased a new stake in Cedar Fair in the second quarter worth $4,413,000. Mutual of America Capital Management LLC purchased a new stake in Cedar Fair in the 3rd quarter valued at about $260,000. Benjamin F. Edwards & Company Inc. grew its stake in Cedar Fair by 94.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,887 shares of the company’s stock worth $157,000 after acquiring an additional 1,400 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Cedar Fair by 4.6% during the second quarter. Commonwealth Equity Services LLC now owns 18,806 shares of the company’s stock worth $1,022,000 after acquiring an additional 826 shares during the period. Finally, S.A. Mason LLC raised its stake in shares of Cedar Fair by 63.1% during the third quarter. S.A. Mason LLC now owns 993 shares of the company’s stock valued at $40,000 after acquiring an additional 384 shares in the last quarter. 64.65% of the stock is currently owned by institutional investors.

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.