Cedar Fair (NYSE:FUN) Price Target Raised to $56.00 at Truist Financial

Cedar Fair (NYSE:FUN) had its target price upped by research analysts at Truist Financial from $54.00 to $56.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 19.40% from the stock’s current price.

A number of other equities research analysts have also commented on the company. Oppenheimer decreased their price target on Cedar Fair from $67.00 to $60.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 15th. The Goldman Sachs Group dropped their target price on shares of Cedar Fair from $55.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Jefferies Financial Group assumed coverage on shares of Cedar Fair in a report on Monday, December 9th. They issued a “buy” rating and a $59.00 price target for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Cedar Fair from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, October 4th. Finally, Citigroup lifted their target price on Cedar Fair from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Cedar Fair has an average rating of “Moderate Buy” and a consensus price target of $56.21.

Cedar Fair Stock Performance

NYSE FUN opened at $46.90 on Tuesday. Cedar Fair has a twelve month low of $35.93 and a twelve month high of $58.70. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 1.95. The stock has a market cap of $4.70 billion, a P/E ratio of -73.28 and a beta of 1.56. The company’s 50-day simple moving average is $46.54 and its 200 day simple moving average is $45.29.

Hedge Funds Weigh In On Cedar Fair

Hedge funds have recently bought and sold shares of the business. S.A. Mason LLC increased its holdings in shares of Cedar Fair by 63.1% during the third quarter. S.A. Mason LLC now owns 993 shares of the company’s stock worth $40,000 after purchasing an additional 384 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Cedar Fair by 4.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 18,806 shares of the company’s stock valued at $1,022,000 after acquiring an additional 826 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Cedar Fair by 94.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,887 shares of the company’s stock worth $157,000 after purchasing an additional 1,400 shares in the last quarter. Mutual of America Capital Management LLC acquired a new position in Cedar Fair in the third quarter valued at about $260,000. Finally, Torno Capital LLC bought a new stake in Cedar Fair during the second quarter worth about $4,413,000. 64.65% of the stock is owned by institutional investors.

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.