Truist Financial Cuts Cedar Fair (NYSE:FUN) Price Target to $52.00

Cedar Fair (NYSE:FUN) had its target price trimmed by Truist Financial from $56.00 to $52.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also commented on the company. Guggenheim dropped their target price on Cedar Fair from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Macquarie reiterated an “outperform” rating and issued a $55.00 price objective on shares of Cedar Fair in a report on Friday, March 7th. Mizuho decreased their target price on Cedar Fair from $54.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Jefferies Financial Group started coverage on Cedar Fair in a report on Monday, December 9th. They issued a “buy” rating and a $59.00 price target for the company. Finally, Barclays started coverage on shares of Cedar Fair in a report on Friday, March 14th. They set an “overweight” rating and a $41.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.57.

Cedar Fair Trading Down 0.7 %

NYSE FUN opened at $37.08 on Tuesday. Cedar Fair has a 52 week low of $33.83 and a 52 week high of $58.70. The firm has a 50 day moving average of $42.05 and a two-hundred day moving average of $43.19. The stock has a market capitalization of $3.72 billion, a PE ratio of -57.94 and a beta of 1.54. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 1.95.

Institutional Trading of 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) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,459 shares of the company’s stock, valued at approximately $260,000. Institutional investors own 64.65% of the company’s stock.

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.