Cedar Fair (NYSE:FUN) Price Target Lowered to $50.00 at Guggenheim

Cedar Fair (NYSE:FUN) had its price objective reduced by Guggenheim from $55.00 to $50.00 in a report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently weighed in on FUN. JPMorgan Chase & Co. boosted their price target on Cedar Fair from $43.00 to $46.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. StockNews.com cut Cedar Fair from a “hold” rating to a “sell” rating in a research note on Friday, February 21st. Jefferies Financial Group started coverage on Cedar Fair in a research note on Monday, December 9th. They issued a “buy” rating and a $59.00 price target for the company. Citigroup boosted their price target on Cedar Fair from $53.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, Truist Financial upped their price objective on Cedar Fair from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.15.

Cedar Fair Stock Up 1.6 %

Shares of NYSE:FUN opened at $41.10 on Wednesday. Cedar Fair has a 12-month low of $35.93 and a 12-month high of $58.70. The stock has a fifty day simple moving average of $45.50 and a two-hundred day simple moving average of $43.97. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of -64.22 and a beta of 1.55.

Institutional Trading of Cedar Fair

A hedge fund recently bought a new stake in Cedar Fair stock. Mutual of America Capital Management LLC acquired a new position in Cedar Fair, L.P. (NYSE:FUN) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,459 shares of the company’s stock, valued at approximately $260,000. Institutional investors and hedge funds own 64.65% of the company’s stock.

About Cedar Fair

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.