Cedar Fair (NYSE:FUN) Receives New Coverage from Analysts at KeyCorp

Equities researchers at KeyCorp started coverage on shares of Cedar Fair (NYSE:FUN – Get Rating) in a research report issued to clients and investors on Thursday, The Fly reports. The firm set an “overweight” rating and a $54.00 price target on the stock. KeyCorp’s price objective would indicate a potential upside of 21.59% from the company’s previous close. KeyCorp also issued estimates for Cedar Fair’s Q2 2024 earnings at $1.38 EPS, Q3 2024 earnings at $4.45 EPS, Q4 2024 earnings at $0.32 EPS and FY2024 earnings at $3.85 EPS.

A number of other brokerages also recently weighed in on FUN. Deutsche Bank Aktiengesellschaft increased their price target on Cedar Fair from $54.00 to $61.00 in a report on Friday, February 17th. Stifel Nicolaus increased their price target on Cedar Fair from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, February 17th. Morgan Stanley assumed coverage on Cedar Fair in a report on Thursday, April 20th. They set an “overweight” rating and a $53.00 price target for the company. Truist Financial cut their price objective on shares of Cedar Fair from $54.00 to $50.00 in a research report on Friday, May 5th. Finally, StockNews.com assumed coverage on shares of Cedar Fair in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.56.

Cedar Fair Trading Up 0.8 %

Shares of Cedar Fair stock opened at $44.41 on Thursday. The business has a 50-day moving average price of $43.39 and a two-hundred day moving average price of $42.70. Cedar Fair has a 1-year low of $37.58 and a 1-year high of $49.40. The company has a market cap of $2.28 billion, a P/E ratio of 10.07 and a beta of 1.45.

Hedge Funds Weigh In On Cedar Fair

Large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new position in Cedar Fair in the 3rd quarter valued at about $235,000. Schechter Investment Advisors LLC bought a new position in Cedar Fair in the 3rd quarter valued at about $391,000. Castleview Partners LLC bought a new position in Cedar Fair in the 4th quarter valued at about $67,000. U.S. Capital Wealth Advisors LLC bought a new position in Cedar Fair in the 4th quarter valued at about $33,000. Finally, Jump Financial LLC lifted its position in Cedar Fair by 363.2% in the 3rd quarter. Jump Financial LLC now owns 52,800 shares of the company’s stock valued at $2,173,000 after acquiring an additional 41,400 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Cedar Fair Company Profile

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Cedar Fair LP engages in the operation of amusement parks, outdoor and indoor water parks, and hotels. Its amusement parks include Cedar Point, Kings Island, Canada’s Wonderland, Dorney Park and Wildwater Kingdom, Valleyfair, Kings Dominion, Worlds of Fun, Knott’s Berry Farm, and California’s Great America.