A number of firms have modified their ratings and price targets on shares of Cedar Fair (NYSE: FUN) recently:
- 10/25/2024 – Cedar Fair had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $55.00 to $47.00. They now have a “neutral” rating on the stock.
- 10/21/2024 – Cedar Fair had its price target lowered by analysts at Truist Financial Co. from $60.00 to $54.00. They now have a “buy” rating on the stock.
- 10/18/2024 – Cedar Fair had its price target lowered by analysts at Macquarie from $60.00 to $55.00. They now have an “outperform” rating on the stock.
- 10/15/2024 – Cedar Fair had its price target lowered by analysts at Oppenheimer Holdings Inc. from $67.00 to $60.00. They now have an “outperform” rating on the stock.
- 10/4/2024 – Cedar Fair had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $65.00 to $58.00. They now have a “buy” rating on the stock.
- 9/18/2024 – Cedar Fair had its price target lowered by analysts at Citigroup Inc. from $61.00 to $58.00. They now have a “buy” rating on the stock.
- 9/16/2024 – Cedar Fair had its price target lowered by analysts at JPMorgan Chase & Co. from $48.00 to $43.00. They now have an “underweight” rating on the stock.
- 9/4/2024 – Cedar Fair is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
Cedar Fair Trading Up 3.8 %
Shares of FUN stock opened at $42.07 on Tuesday. The company’s fifty day moving average price is $40.88 and its 200-day moving average price is $44.00. The stock has a market cap of $2.16 billion, a PE ratio of 17.31 and a beta of 1.55. Cedar Fair, L.P. has a 12 month low of $34.04 and a 12 month high of $58.70.
Cedar Fair (NYSE:FUN – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. The firm had revenue of $571.62 million for the quarter, compared to the consensus estimate of $525.57 million. Cedar Fair had a negative return on equity of 23.97% and a net margin of 6.80%. On average, sell-side analysts forecast that Cedar Fair, L.P. will post 2.02 earnings per share for the current fiscal year.
Hedge Funds Weigh In On 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.
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