Cedar Fair, L.P. (NYSE:FUN) Given Consensus Recommendation of “Buy” by Analysts – Defense World

Shares of Cedar Fair, L.P. (NYSE:FUN – Get Rating) have been given an average recommendation of “Buy” by the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $69.75.

FUN has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Cedar Fair from $70.00 to $75.00 in a research report on Thursday, May 5th. Citigroup lowered their price target on Cedar Fair from $73.00 to $67.00 and set a “buy” rating on the stock in a research report on Tuesday, April 19th. Truist Financial lifted their price target on Cedar Fair from $56.00 to $67.00 in a research report on Thursday, February 17th. KeyCorp lifted their price target on Cedar Fair from $57.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, February 17th. Finally, Rosenblatt Securities lowered their price target on Cedar Fair to $50.00 in a research report on Friday, June 3rd.

FUN opened at $42.64 on Tuesday. Cedar Fair has a 12 month low of $39.15 and a 12 month high of $62.56. The stock has a market cap of $2.43 billion, a P/E ratio of -88.83 and a beta of 1.85. The stock’s 50 day moving average price is $50.04 and its 200 day moving average price is $51.50.

Cedar Fair (NYSE:FUN – Get Rating) last posted its earnings results on Wednesday, May 4th. The company reported ($1.56) EPS for the quarter, beating the consensus estimate of ($1.96) by $0.40. The business had revenue of $99.00 million during the quarter, compared to analyst estimates of $76.28 million. During the same quarter in the prior year, the business earned ($1.95) earnings per share. The firm’s revenue was up 920.6% compared to the same quarter last year. As a group, equities analysts predict that Cedar Fair will post 4 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP acquired a new stake in shares of Cedar Fair in the third quarter worth $11,437,000. Cetera Investment Advisers boosted its position in shares of Cedar Fair by 5.5% in the third quarter. Cetera Investment Advisers now owns 6,189 shares of the company’s stock worth $287,000 after buying an additional 324 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Cedar Fair in the third quarter worth $3,450,000. Mcdonald Partners LLC acquired a new stake in shares of Cedar Fair in the third quarter worth $239,000. Finally, Jefferies Group LLC acquired a new stake in shares of Cedar Fair in the third quarter worth $48,467,000. Institutional investors and hedge funds own 62.78% of the company’s stock.

About Cedar Fair (Get Rating)

Cedar Fair, L.P. owns and operates amusement and water parks, and complementary resort facilities in the United States and Canada. 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.

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Source: defenseworld.net