Cedar Fair (NYSE:FUN) Price Target Lowered to $47.00 at Morgan Stanley

Cedar Fair (NYSE:FUN - Get Free Report) had its price target lowered by equities researchers at Morgan Stanley from $58.00 to $47.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Morgan Stanley's price target points to a potential upside of 31.21% from the company's current price.

A number of other research analysts also recently issued reports on FUN. JPMorgan Chase & Co. decreased their price objective on Cedar Fair from $46.00 to $28.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. Barclays started coverage on shares of Cedar Fair in a report on Friday, March 14th. They issued an "overweight" rating and a $41.00 price objective on the stock. Macquarie restated an "outperform" rating and set a $55.00 target price on shares of Cedar Fair in a report on Friday, March 7th. Truist Financial decreased their target price on shares of Cedar Fair from $52.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Mizuho cut their price target on shares of Cedar Fair from $54.00 to $49.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.67.

Cedar Fair Stock Up 0.3 %

FUN traded up $0.09 during trading on Tuesday, hitting $35.82. The company had a trading volume of 397,889 shares, compared to its average volume of 1,468,876. The firm's 50-day moving average price is $35.59 and its 200 day moving average price is $41.99. The company has a market capitalization of $3.62 billion, a PE ratio of -55.98 and a beta of 0.84. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 1.95. Cedar Fair has a one year low of $28.02 and a one year high of $58.70.

Institutional Trading of Cedar Fair

An institutional investor recently raised its position in Cedar Fair stock. Peregrine Capital Management LLC raised its position in shares of Cedar Fair, L.P. (NYSE:FUN - Free Report) by 7.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,499 shares of the company's stock after acquiring an additional 9,231 shares during the period. Peregrine Capital Management LLC owned approximately 0.13% of Cedar Fair worth $4,691,000 at the end of the most recent quarter. Institutional investors and hedge funds own 64.65% of the company's stock.

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.

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