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Cedar Fair (NYSE:FUN) Price Target Raised to $46.00 at Truist Financial

Written by Amanda

Cedar Fair (NYSE:FUNFree Report) had its price objective upped by Truist Financial from $44.00 to $46.00 in a research note published on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also recently issued reports on the stock. StockNews.com assumed coverage on shares of Cedar Fair in a research note on Monday. They issued a buy rating for the company. B. Riley lowered their price objective on shares of Cedar Fair from $58.00 to $56.00 and set a buy rating for the company in a research report on Wednesday, October 18th. Stifel Nicolaus lowered their price objective on shares of Cedar Fair from $51.00 to $49.00 and set a buy rating for the company in a research report on Wednesday, November 22nd. Citigroup upgraded shares of Cedar Fair from a neutral rating to a buy rating and increased their price objective for the company from $40.00 to $46.00 in a research report on Friday, November 3rd. Finally, Morgan Stanley increased their target price on shares of Cedar Fair from $50.00 to $55.00 and gave the company an overweight rating in a research note on Thursday, December 14th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $49.64.

View Our Latest Report on Cedar Fair

Cedar Fair Stock Performance

Shares of NYSE FUN opened at $37.89 on Tuesday. The firm’s 50 day moving average price is $38.63 and its 200-day moving average price is $38.42. The company has a market cap of $1.93 billion, a PE ratio of 13.02 and a beta of 1.44. Cedar Fair has a 52-week low of $34.04 and a 52-week high of $47.95.

Cedar Fair (NYSE:FUNGet Free Report) last released its quarterly earnings data on Thursday, November 2nd. The company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.51. Cedar Fair had a net margin of 8.19% and a negative return on equity of 22.33%. The firm had revenue of $842.01 million during the quarter, compared to analysts’ expectations of $821.16 million. On average, analysts forecast that Cedar Fair will post 2.86 earnings per share for the current fiscal year.

Cedar Fair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $1.20 dividend on an annualized basis and a yield of 3.17%. Cedar Fair’s payout ratio is 41.24%.

Institutional Investors Weigh In On Cedar Fair

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Leith Wheeler Investment Counsel Ltd. lifted its holdings in Cedar Fair by 26.4% during the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 171,373 shares of the company’s stock valued at $6,341,000 after buying an additional 35,818 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Cedar Fair by 4.9% in the 2nd quarter. Bessemer Group Inc. now owns 129,408 shares of the company’s stock valued at $5,173,000 after purchasing an additional 6,047 shares in the last quarter. Citadel Investment Advisory Inc. raised its holdings in shares of Cedar Fair by 60.6% in the 2nd quarter. Citadel Investment Advisory Inc. now owns 13,775 shares of the company’s stock valued at $551,000 after purchasing an additional 5,200 shares in the last quarter. Cetera Advisors LLC raised its holdings in shares of Cedar Fair by 22.5% in the 2nd quarter. Cetera Advisors LLC now owns 6,197 shares of the company’s stock valued at $248,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Daymark Wealth Partners LLC raised its holdings in shares of Cedar Fair by 53.8% in the 3rd quarter. Daymark Wealth Partners LLC now owns 8,627 shares of the company’s stock valued at $319,000 after purchasing an additional 3,018 shares in the last quarter. Institutional investors own 61.81% of the company’s stock.

About Cedar Fair

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Cedar Fair (NYSE:FUN)



Receive News & Ratings for Cedar Fair Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Cedar Fair and related companies with MarketBeat.com’s FREE daily email newsletter.

Source: defenseworld.net

Cedar Fair (NYSE:FUNFree Report) had its price objective upped by Truist Financial from $44.00 to $46.00 in a research note published on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also recently issued reports on the stock. StockNews.com assumed coverage on shares of Cedar Fair in a research note on Monday. They issued a buy rating for the company. B. Riley lowered their price objective on shares of Cedar Fair from $58.00 to $56.00 and set a buy rating for the company in a research report on Wednesday, October 18th. Stifel Nicolaus lowered their price objective on shares of Cedar Fair from $51.00 to $49.00 and set a buy rating for the company in a research report on Wednesday, November 22nd. Citigroup upgraded shares of Cedar Fair from a neutral rating to a buy rating and increased their price objective for the company from $40.00 to $46.00 in a research report on Friday, November 3rd. Finally, Morgan Stanley increased their target price on shares of Cedar Fair from $50.00 to $55.00 and gave the company an overweight rating in a research note on Thursday, December 14th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $49.64.

View Our Latest Report on Cedar Fair

Cedar Fair Stock Performance

Shares of NYSE FUN opened at $37.89 on Tuesday. The firm’s 50 day moving average price is $38.63 and its 200-day moving average price is $38.42. The company has a market cap of $1.93 billion, a PE ratio of 13.02 and a beta of 1.44. Cedar Fair has a 52-week low of $34.04 and a 52-week high of $47.95.

Cedar Fair (NYSE:FUNGet Free Report) last released its quarterly earnings data on Thursday, November 2nd. The company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.51. Cedar Fair had a net margin of 8.19% and a negative return on equity of 22.33%. The firm had revenue of $842.01 million during the quarter, compared to analysts’ expectations of $821.16 million. On average, analysts forecast that Cedar Fair will post 2.86 earnings per share for the current fiscal year.

Cedar Fair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $1.20 dividend on an annualized basis and a yield of 3.17%. Cedar Fair’s payout ratio is 41.24%.

Institutional Investors Weigh In On Cedar Fair

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Leith Wheeler Investment Counsel Ltd. lifted its holdings in Cedar Fair by 26.4% during the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 171,373 shares of the company’s stock valued at $6,341,000 after buying an additional 35,818 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Cedar Fair by 4.9% in the 2nd quarter. Bessemer Group Inc. now owns 129,408 shares of the company’s stock valued at $5,173,000 after purchasing an additional 6,047 shares in the last quarter. Citadel Investment Advisory Inc. raised its holdings in shares of Cedar Fair by 60.6% in the 2nd quarter. Citadel Investment Advisory Inc. now owns 13,775 shares of the company’s stock valued at $551,000 after purchasing an additional 5,200 shares in the last quarter. Cetera Advisors LLC raised its holdings in shares of Cedar Fair by 22.5% in the 2nd quarter. Cetera Advisors LLC now owns 6,197 shares of the company’s stock valued at $248,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Daymark Wealth Partners LLC raised its holdings in shares of Cedar Fair by 53.8% in the 3rd quarter. Daymark Wealth Partners LLC now owns 8,627 shares of the company’s stock valued at $319,000 after purchasing an additional 3,018 shares in the last quarter. Institutional investors own 61.81% of the company’s stock.

About Cedar Fair

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Cedar Fair (NYSE:FUN)



Receive News & Ratings for Cedar Fair Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Cedar Fair and related companies with MarketBeat.com’s FREE daily email newsletter.

Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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