Cedar Fair (NYSE:FUN) Research Coverage Started at StockNews.com

Posted by Defense World Staff on Aug 19th, 2024

Research analysts at StockNews.com assumed coverage on shares of Cedar Fair (NYSE:FUN – Get Free Report) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the stock.

FUN has been the topic of several other research reports. B. Riley lowered their price objective on Cedar Fair from $77.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Citigroup lowered their price objective on Cedar Fair from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Stifel Nicolaus lowered their price objective on Cedar Fair from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Morgan Stanley increased their target price on Cedar Fair from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 1st. Finally, Macquarie reduced their target price on Cedar Fair from $64.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.82.

Read Our Latest Analysis on Cedar Fair

Cedar Fair Price Performance

FUN stock opened at $44.44 on Monday. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 18.29 and a beta of 1.54. The business’s fifty day moving average price is $49.19 and its two-hundred day moving average price is $44.19. Cedar Fair has a fifty-two week low of $34.04 and a fifty-two week high of $58.70.

Institutional Trading of Cedar Fair

Several large investors have recently bought and sold shares of the business. Aurora Investment Counsel boosted its stake in Cedar Fair by 1.7% in the first quarter. Aurora Investment Counsel now owns 15,077 shares of the company’s stock valued at $632,000 after buying an additional 253 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Cedar Fair by 10.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,300 shares of the company’s stock valued at $131,000 after buying an additional 300 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Cedar Fair by 201.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 841 shares of the company’s stock valued at $33,000 after buying an additional 562 shares in the last quarter. Cetera Advisors LLC boosted its stake in shares of Cedar Fair by 10.9% during the first quarter. Cetera Advisors LLC now owns 6,881 shares of the company’s stock valued at $288,000 after purchasing an additional 675 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Cedar Fair by 4.6% during the second quarter. Commonwealth Equity Services LLC now owns 18,806 shares of the company’s stock valued at $1,022,000 after purchasing an additional 826 shares in the last quarter. 64.65% of the stock is owned by institutional investors and hedge funds.

Cedar Fair Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Cedar Fair (NYSE:FUN)

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