Cedar Fair (NYSE:FUN) Given New $45.00 Price Target at Truist Financial

Cedar Fair (NYSE:FUN) had its price objective lowered by analysts at Truist Financial from $52.00 to $45.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective points to a potential upside of 40.87% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. UBS Group started coverage on Cedar Fair in a report on Wednesday, April 9th. They issued a “buy” rating and a $49.00 price objective for the company. Jefferies Financial Group lowered their target price on shares of Cedar Fair from $58.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday. Macquarie reissued an “outperform” rating and set a $55.00 price target on shares of Cedar Fair in a research report on Friday, March 7th. Mizuho lowered their price target on shares of Cedar Fair from $54.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Finally, StockNews.com cut Cedar Fair from a “hold” rating to a “sell” rating in a report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.07.

Cedar Fair Trading Up 0.1 %

NYSE:FUN opened at $31.95 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 1.95. Cedar Fair has a twelve month low of $28.02 and a twelve month high of $58.70. The company has a market cap of $3.21 billion, a P/E ratio of -49.54 and a beta of 1.21. The business has a 50 day moving average price of $38.95 and a two-hundred day moving average price of $42.47.

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.