Cedar Fair (NYSE:FUN) Coverage Initiated at Rosenblatt Securities

Rosenblatt Securities started coverage on shares of Cedar Fair (NYSE:FUNGet Rating) in a research note issued on Monday, The Fly reports. The brokerage set a “neutral” rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Citigroup lowered their price objective on shares of Cedar Fair from $73.00 to $67.00 and set a “buy” rating for the company in a research report on Tuesday, April 19th. Stifel Nicolaus upped their price objective on shares of Cedar Fair from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, February 17th. Zacks Investment Research upgraded shares of Cedar Fair from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Monday, January 24th. Credit Suisse Group boosted their target price on shares of Cedar Fair from $78.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, February 17th. Finally, StockNews.com started coverage on shares of Cedar Fair in a report on Thursday, March 31st. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $68.75.

FUN stock traded up $0.39 during trading on Monday, reaching $55.90. 396,340 shares of the company were exchanged, compared to its average volume of 594,539. The company has a 50-day moving average of $54.94 and a two-hundred day moving average of $51.19. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of -64.25 and a beta of 1.97. Cedar Fair has a twelve month low of $39.15 and a twelve month high of $62.56.

Cedar Fair (NYSE:FUNGet Rating) last released its quarterly earnings data on Wednesday, February 16th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.09. The company had revenue of $350.90 million for the quarter, compared to analyst estimates of $302.67 million. Cedar Fair’s revenue for the quarter was up 935.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.88) earnings per share. As a group, research analysts forecast that Cedar Fair will post 3.3 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Tyler Stone Wealth Management bought a new stake in shares of Cedar Fair in the 4th quarter valued at $33,000. Gradient Investments LLC bought a new stake in shares of Cedar Fair in the 4th quarter valued at $50,000. CWM LLC bought a new stake in shares of Cedar Fair in the 4th quarter valued at $58,000. AE Wealth Management LLC bought a new stake in shares of Cedar Fair in the 1st quarter valued at $228,000. Finally, InterOcean Capital Group LLC bought a new stake in shares of Cedar Fair in the 4th quarter valued at $210,000. 61.12% of the stock is currently owned by institutional investors.

Cedar Fair Company Profile (Get Rating)

Cedar Fair, L.P. owns and operates amusement and water parks, and complementary resort facilities in the United States and Canada. 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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