Barclays Initiates Coverage on Cedar Fair (NYSE:FUN)

Barclays initiated coverage on shares of Cedar Fair (NYSE:FUN) in a note issued to investors on Friday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $41.00 price target on the stock. Barclays‘s target price would suggest a potential upside of 17.04% from the company’s current price.

Several other brokerages also recently commented on FUN. Truist Financial raised their target price on Cedar Fair from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Citigroup boosted their price objective on shares of Cedar Fair from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Jefferies Financial Group began coverage on shares of Cedar Fair in a research note on Monday, December 9th. They issued a “buy” rating and a $59.00 target price on the stock. Macquarie reissued an “outperform” rating and issued a $55.00 price target on shares of Cedar Fair in a report on Friday, March 7th. Finally, Guggenheim decreased their price target on shares of Cedar Fair from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.07.

Cedar Fair Trading Down 1.1 %

NYSE:FUN opened at $35.03 on Friday. The company has a market cap of $3.52 billion, a P/E ratio of -54.73 and a beta of 1.54. Cedar Fair has a 1 year low of $33.83 and a 1 year 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. The stock’s fifty day moving average price is $44.12 and its two-hundred day moving average price is $43.67.

Institutional Investors Weigh In On Cedar Fair

A hedge fund recently bought a new stake in Cedar Fair stock. Mutual of America Capital Management LLC acquired a new stake in shares of Cedar Fair, L.P. (NYSE:FUN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,459 shares of the company’s stock, valued at approximately $260,000. 64.65% of the stock is currently owned by institutional investors and hedge funds.

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.