Cedar Fair (NYSE:FUN) Price Target Cut to $49.00 by Analysts at Mizuho

Cedar Fair (NYSE:FUN) had its target price lowered by research analysts at Mizuho from $54.00 to $49.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s target price would indicate a potential upside of 30.83% from the company’s previous close.

A number of other research firms have also commented on FUN. Macquarie reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Cedar Fair in a report on Friday, March 7th. Citigroup raised their price target on Cedar Fair from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Truist Financial lifted their price objective on Cedar Fair from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. StockNews.com lowered Cedar Fair from a “hold” rating to a “sell” rating in a research note on Thursday, March 6th. Finally, Guggenheim dropped their price objective on Cedar Fair from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Two equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.86.

Cedar Fair Stock Performance

NYSE:FUN opened at $37.45 on Friday. 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 business has a fifty day simple moving average of $42.67 and a two-hundred day simple moving average of $43.34. Cedar Fair has a 1 year low of $33.83 and a 1 year high of $58.70. The company has a market capitalization of $3.76 billion, a P/E ratio of -58.52 and a beta of 1.54.

Institutional Investors Weigh In On Cedar Fair

An institutional investor recently bought a new position in Cedar Fair stock. Mutual of America Capital Management LLC purchased a new position in shares of Cedar Fair, L.P. (NYSE:FUN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,459 shares of the company’s stock, valued at approximately $260,000. Institutional investors own 64.65% of the company’s stock.

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.