Cedar Fair (NYSE:FUN – Get Rating) had its target price upped by analysts at Deutsche Bank Aktiengesellschaft from $54.00 to $61.00 in a research note issued on Friday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 34.07% from the company’s current price.
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A number of other equities research analysts also recently weighed in on the company. Stifel Nicolaus boosted their target price on Cedar Fair from $50.00 to $57.00 in a research report on Friday. StockNews.com upgraded Cedar Fair from a “hold” rating to a “buy” rating in a report on Friday, November 11th. Truist Financial upped their price objective on Cedar Fair from $52.00 to $54.00 in a report on Friday, January 6th. B. Riley dropped their price objective on Cedar Fair from $68.00 to $58.00 in a report on Thursday, November 3rd. Finally, Credit Suisse Group downgraded Cedar Fair from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $74.00 to $42.00 in a report on Monday, October 31st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cedar Fair currently has an average rating of “Moderate Buy” and a consensus price target of $52.13.
Cedar Fair Stock Performance
Shares of FUN opened at $45.50 on Friday. The stock has a fifty day moving average price of $41.63 and a two-hundred day moving average price of $41.51. Cedar Fair has a 52-week low of $37.58 and a 52-week high of $58.63. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 9.55 and a beta of 1.47.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Money Concepts Capital Corp acquired a new position in shares of Cedar Fair during the fourth quarter worth about $26,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Cedar Fair during the fourth quarter worth about $33,000. Edge Capital Group LLC acquired a new position in shares of Cedar Fair during the second quarter worth about $36,000. PenderFund Capital Management Ltd. acquired a new position in shares of Cedar Fair during the first quarter worth about $41,000. Finally, Larson Financial Group LLC boosted its position in shares of Cedar Fair by 61.7% during the third quarter. Larson Financial Group LLC now owns 1,617 shares of the company’s stock worth $67,000 after buying an additional 617 shares during the period. 67.37% of the stock is owned by institutional investors and hedge funds.
About Cedar Fair
Cedar Fair LP engages in the operation of amusement parks, outdoor and indoor water parks, and hotels. Its amusement parks include Cedar Point, Kings Island, Canada’s Wonderland, Dorney Park and Wildwater Kingdom, Valleyfair, Kings Dominion, Worlds of Fun, Knott’s Berry Farm, and California’s Great America.
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