Analysts Set Cedar Fair, L.P. (NYSE:FUN) Price Target at $54.57

Cedar Fair, L.P. (NYSE:FUN) has earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $54.57.

Several brokerages have issued reports on FUN. Truist Financial cut their price objective on shares of Cedar Fair from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Macquarie restated an “outperform” rating and issued a $55.00 price target on shares of Cedar Fair in a research note on Friday, March 7th. Barclays began coverage on Cedar Fair in a research report on Friday, March 14th. They set an “overweight” rating and a $41.00 price objective on the stock. Mizuho reduced their target price on shares of Cedar Fair from $54.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Finally, StockNews.com lowered shares of Cedar Fair from a “hold” rating to a “sell” rating in a research report on Thursday, March 6th.

Cedar Fair Stock Performance

NYSE FUN opened at $31.39 on Friday. The stock has a market cap of $3.15 billion, a PE ratio of -49.05 and a beta of 1.21. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.32 and a current ratio of 0.40. The firm has a 50-day moving average of $40.85 and a 200-day moving average of $42.97. Cedar Fair has a 52-week low of $29.90 and a 52-week high of $58.70.

Cedar Fair Company Profile

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.