Cedar Fair (NYSE:FUN) Price Target Cut to $49.00 by Analysts at Mizuho

Cedar Fair (NYSE:FUN) had its price objective lowered by Mizuho from $54.00 to $49.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research firms also recently commented on FUN. Barclays assumed coverage on Cedar Fair in a report on Friday, March 14th. They issued an “overweight” rating and a $41.00 price objective on the stock. Truist Financial increased their price objective on Cedar Fair from $54.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Macquarie reissued an “outperform” rating and issued a $55.00 target price on shares of Cedar Fair in a research report on Friday, March 7th. StockNews.com cut Cedar Fair from a “hold” rating to a “sell” rating in a research report on Thursday, March 6th. Finally, Jefferies Financial Group started coverage on Cedar Fair in a research report on Monday, December 9th. They issued a “buy” rating and a $59.00 target price for the company. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.86.

Cedar Fair Trading Up 0.9 %

FUN opened at $37.45 on Friday. Cedar Fair has a one year low of $33.83 and a one year high of $58.70. The company has a market cap of $3.76 billion, a P/E ratio of -58.52 and a beta of 1.54. 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 business’s 50-day simple moving average is $42.67 and its 200-day simple moving average is $43.34.

Institutional Trading of Cedar Fair

A hedge fund recently bought a new stake in Cedar Fair stock. Mutual of America Capital Management LLC acquired a new position in shares of Cedar Fair, L.P. (NYSE:FUN) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 6,459 shares of the company’s stock, valued at approximately $260,000. 64.65% of the stock is owned by hedge funds and other institutional investors.

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.