Guggenheim Raises Cedar Fair (NYSE:FUN) Price Target to $55.00

Cedar Fair (NYSE:FUN) had its target price upped by Guggenheim from $52.00 to $55.00 in a research report released on Tuesday,Benzinga reports. Guggenheim currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the company. Oppenheimer dropped their price objective on Cedar Fair from $67.00 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday, October 15th. The Goldman Sachs Group lowered their target price on Cedar Fair from $55.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft lowered their target price on Cedar Fair from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, October 4th. Mizuho lowered their target price on Cedar Fair from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. increased their target price on Cedar Fair from $43.00 to $46.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Cedar Fair has a consensus rating of “Moderate Buy” and a consensus price target of $55.92.

Cedar Fair Stock Performance

NYSE FUN opened at $45.91 on Tuesday. Cedar Fair has a 1-year low of $35.93 and a 1-year high of $58.70. The company has a market capitalization of $4.60 billion, a P/E ratio of -71.73 and a beta of 1.55. The business has a 50 day moving average price of $41.12 and a 200 day moving average price of $44.62. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.40 and a quick ratio of 0.32.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FUN. Torno Capital LLC purchased a new position in shares of Cedar Fair in the 2nd quarter worth $4,413,000. HM Payson & Co. purchased a new position in shares of Cedar Fair in the 1st quarter worth $332,000. Mutual of America Capital Management LLC purchased a new position in shares of Cedar Fair in the 3rd quarter worth $260,000. Thrive Wealth Management LLC purchased a new position in shares of Cedar Fair in the 2nd quarter worth $252,000. Finally, Brookstone Capital Management purchased a new position in shares of Cedar Fair in the 2nd quarter worth $215,000. 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.