Cedar Fair (NYSE:FUN) Given New $52.00 Price Target at Truist Financial

Cedar Fair (NYSE:FUN) had its price target reduced by Truist Financial from $56.00 to $52.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 33.68% from the company’s current price.

Several other analysts have also issued reports on the stock. Guggenheim reduced their price objective on shares of Cedar Fair from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Barclays initiated coverage on shares of Cedar Fair in a report on Friday, March 14th. They issued an “overweight” rating and a $41.00 target price for the company. Citigroup lifted their target price on Cedar Fair from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Macquarie restated an “outperform” rating and issued a $55.00 price objective on shares of Cedar Fair in a report on Friday, March 7th. Finally, Jefferies Financial Group initiated coverage on shares of Cedar Fair in a report on Monday, December 9th. They set a “buy” rating and a $59.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $54.57.

Cedar Fair Trading Up 3.9 %

Shares of Cedar Fair stock opened at $38.90 on Tuesday. The stock has a 50 day moving average of $42.53 and a 200 day moving average of $43.30. 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 market capitalization of $3.90 billion, a price-to-earnings ratio of -60.78 and a beta of 1.54. Cedar Fair has a fifty-two week low of $33.83 and a fifty-two week high of $58.70.

Institutional Investors Weigh In On Cedar Fair

A hedge fund recently bought a new stake in Cedar Fair stock. Mutual of America Capital Management LLC acquired a new stake in shares of Cedar Fair, L.P. (NYSE:FUN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,459 shares of the company’s stock, valued at approximately $260,000. Institutional investors own 64.65% of the company’s stock.

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.