Brokerages Set Cedar Fair, L.P. (NYSE:FUN) PT at $56.15

Shares of Cedar Fair, L.P. (NYSE:FUN) have received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $55.07.

A number of equities analysts have recently weighed in on the stock. Macquarie reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Cedar Fair in a research note on Friday, March 7th. StockNews.com downgraded shares of Cedar Fair from a “hold” rating to a “sell” rating in a research report on Thursday, March 6th. Guggenheim lowered their target price on shares of Cedar Fair from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Jefferies Financial Group assumed coverage on shares of Cedar Fair in a research report on Monday, December 9th. They set a “buy” rating and a $59.00 target price on the stock. Finally, Barclays assumed coverage on shares of Cedar Fair in a research report on Friday. They set an “overweight” rating and a $41.00 target price on the stock.

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 bought a new stake in Cedar Fair, L.P. (NYSE:FUN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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 Trading Up 8.0 %

NYSE FUN opened at $37.88 on Monday. Cedar Fair has a 1-year low of $33.83 and a 1-year high of $58.70. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $3.80 billion, a PE ratio of -59.19 and a beta of 1.54. The firm’s fifty day simple moving average is $43.69 and its 200-day simple moving average is $43.57.

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.