Barclays Begins Coverage on Cedar Fair (NYSE:FUN)

Research analysts at Barclays started coverage on shares of Cedar Fair (NYSE:FUN) in a research report issued to clients and investors on Friday, MarketBeat reports. The firm set an “overweight” rating and a $41.00 price target on the stock. Barclays‘s price target indicates a potential upside of 8.23% from the company’s current price.

A number of other research analysts have also recently commented on FUN. Guggenheim decreased their target price on shares of Cedar Fair from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Truist Financial upped their target price on shares of Cedar Fair from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. StockNews.com cut shares of Cedar Fair from a “hold” rating to a “sell” rating in a research report on Thursday, March 6th. Citigroup upped their target price on shares of Cedar Fair from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. 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 investment analysts have rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $55.07.

Cedar Fair Trading Up 8.0 %

Shares of FUN opened at $37.88 on Friday. 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 12-month low of $33.83 and a 12-month high of $58.70. The firm has a 50-day moving average price of $43.69 and a 200 day moving average price of $43.57. The firm has a market capitalization of $3.80 billion, a P/E ratio of -59.19 and a beta of 1.54.

Institutional Inflows and Outflows

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 third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,459 shares of the company’s stock, valued at approximately $260,000. 64.65% of the stock is 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.