Cedar Fair (NYSE:FUN – Get Rating) had its target price increased by investment analysts at Deutsche Bank Aktiengesellschaft from $54.00 to $61.00 in a research note issued on Friday, The Fly reports. Deutsche Bank Aktiengesellschaft's price target would suggest a potential upside of 35.71% from the company's previous close.
Other research analysts have also issued reports about the company. Stifel Nicolaus increased their price objective on Cedar Fair from $50.00 to $57.00 in a research report on Friday. Truist Financial increased their price objective on Cedar Fair from $52.00 to $54.00 in a research report on Friday, January 6th. StockNews.com upgraded Cedar Fair from a "hold" rating to a "buy" rating in a research report on Friday, November 11th. B. Riley reduced their price target on Cedar Fair from $68.00 to $58.00 in a research report on Thursday, November 3rd. Finally, Credit Suisse Group lowered Cedar Fair from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $74.00 to $42.00 in a research report on Monday, October 31st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $52.13.
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Shares of FUN opened at $44.95 on Friday. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 8.23 and a beta of 1.47. The business's fifty day moving average price is $41.73 and its two-hundred day moving average price is $41.54. Cedar Fair has a 52 week low of $37.58 and a 52 week high of $58.63.
Institutional Trading of Cedar Fair
Several hedge funds have recently added to or reduced their stakes in FUN. JPMorgan Chase & Co. raised its stake in Cedar Fair by 169,595.4% during the 1st quarter. JPMorgan Chase & Co. now owns 256,240 shares of the company's stock worth $14,042,000 after buying an additional 256,089 shares during the period. Sei Investments Co. raised its stake in shares of Cedar Fair by 49.8% in the 1st quarter. Sei Investments Co. now owns 20,616 shares of the company's stock valued at $1,130,000 after purchasing an additional 6,850 shares during the period. Ancora Advisors LLC raised its stake in shares of Cedar Fair by 34.6% in the 1st quarter. Ancora Advisors LLC now owns 2,139 shares of the company's stock valued at $106,000 after purchasing an additional 550 shares during the period. UBS Group AG raised its stake in shares of Cedar Fair by 112.4% in the 1st quarter. UBS Group AG now owns 1,407,705 shares of the company's stock valued at $77,142,000 after purchasing an additional 745,056 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Cedar Fair by 117.9% in the 1st quarter. Invesco Ltd. now owns 1,226,084 shares of the company's stock valued at $67,190,000 after purchasing an additional 663,373 shares during the period. Institutional investors and hedge funds own 67.37% of the company's stock.
About Cedar Fair
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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.
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