Cedar Fair (NYSE:FUN) Price Target Lowered to $52.00 at Truist Financial

Cedar Fair (NYSE:FUN) had its target price reduced by Truist Financial from $56.00 to $52.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently weighed in on FUN. Mizuho dropped their target price on shares of Cedar Fair from $54.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Barclays began coverage on shares of Cedar Fair in a research note on Friday, March 14th. They set an “overweight” rating and a $41.00 price objective for the company. Citigroup upped their target price on 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 assumed coverage on Cedar Fair in a research report on Monday, December 9th. They set a “buy” rating and a $59.00 price target for the company. Finally, Macquarie restated an “outperform” rating and issued a $55.00 price objective on shares of Cedar Fair in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $54.57.

Cedar Fair Trading Down 3.5 %

Shares of FUN stock opened at $37.46 on Tuesday. The stock has a market cap of $3.76 billion, a P/E ratio of -58.53 and a beta of 1.54. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 1.95. Cedar Fair has a fifty-two week low of $33.83 and a fifty-two week high of $58.70. The business has a fifty day simple moving average of $42.35 and a 200-day simple moving average of $43.27.

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 shares of Cedar Fair, L.P. (NYSE:FUN) during the 3rd quarter, according to its most recent filing with the SEC. 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.