Cedar Fair, L.P. (NYSE:FUN) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Cedar Fair, L.P. (NYSE:FUN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fifteen ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $50.87.

Several brokerages recently commented on FUN. Jefferies Financial Group decreased their target price on shares of Cedar Fair from $58.00 to $42.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Guggenheim lowered their price objective on shares of Cedar Fair from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. StockNews.com lowered shares of Cedar Fair from a "hold" rating to a "sell" rating in a report on Thursday, March 6th. Mizuho reduced their price target on Cedar Fair from $54.00 to $49.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Finally, UBS Group started coverage on Cedar Fair in a report on Wednesday, April 9th. They issued a "buy" rating and a $49.00 price objective for the company.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cedar Fair stock. Peregrine Capital Management LLC raised its holdings in shares of Cedar Fair, L.P. (NYSE:FUN - Free Report) by 7.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 131,499 shares of the company's stock after purchasing an additional 9,231 shares during the period. Peregrine Capital Management LLC owned 0.13% of Cedar Fair worth $4,691,000 as of its most recent SEC filing. Institutional investors own 64.65% of the company's stock.

Cedar Fair Trading Up 2.2 %

Cedar Fair stock traded up $0.76 during trading hours on Tuesday, reaching $35.68. The company had a trading volume of 1,163,930 shares, compared to its average volume of 1,471,119. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.40 and a quick ratio of 0.32. Cedar Fair has a 12-month low of $28.02 and a 12-month high of $58.70. The company has a 50-day moving average price of $35.80 and a 200 day moving average price of $42.00. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of -55.75 and a beta of 1.21.

Cedar Fair Company Profile

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.