Mizuho Has Lowered Expectations for Cedar Fair (NYSE:FUN) Stock Price

Cedar Fair (NYSE:FUN) had its target price trimmed by Mizuho from $54.00 to $49.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other research analysts also recently issued reports on FUN. Barclays assumed coverage on shares of Cedar Fair in a research note on Friday, March 14th. They issued an “overweight” rating and a $41.00 target price on the stock. StockNews.com cut shares of Cedar Fair from a “hold” rating to a “sell” rating in a report on Thursday, March 6th. Guggenheim decreased their price objective on shares of Cedar Fair from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Macquarie reissued an “outperform” rating and set a $55.00 price objective on shares of Cedar Fair in a report on Friday, March 7th. Finally, Citigroup boosted their price objective on shares of Cedar Fair from $53.00 to $57.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Two investment 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $54.86.

Cedar Fair Trading Up 0.9 %

Shares of NYSE FUN opened at $37.45 on Friday. The firm’s 50 day moving average price is $42.67 and its 200-day moving average price is $43.33. The company has a market cap of $3.76 billion, a PE ratio of -58.52 and a beta of 1.54. Cedar Fair has a 52-week low of $33.83 and a 52-week high of $58.70. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.32 and a current ratio of 0.40.

Institutional Trading of Cedar Fair

An institutional investor recently bought a new position in Cedar Fair stock. Mutual of America Capital Management LLC bought a new stake in shares of Cedar Fair, L.P. (NYSE:FUN) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,459 shares of the company’s stock, valued at approximately $260,000. 64.65% of the stock is owned by institutional investors and hedge funds.

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.