Cedar Fair, L.P. Reaches New 12-Month High at $44.49 (FUN)
Cedar Fair, L.P. (NYSE:FUN)’s share price reached a new 52-week high on Monday, Stock Ratings Network.com reports. The company traded as high as $44.49 and last traded at $43.89, with a volume of 118,899 shares traded. The stock had previously closed at $43.90.
A number of analysts have recently weighed in on FUN shares. Analysts at TheStreet upgraded shares of Cedar Fair, L.P. (NYSE:FUN) from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, August 20th. Separately, analysts at Zacks downgraded shares of Cedar Fair, L.P. (NYSE:FUN) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 14th. They now have a $46.70 price target on the stock. Finally, analysts at Thomson Reuters/Verus initiated coverage on shares of Cedar Fair, L.P. (NYSE:FUN) in a research note to investors on Monday, August 5th. They set a “hold” rating on the stock.
Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $46.70.
Cedar Fair, L.P. has a 1-year low of $30.90 and a 1-year high of $44.49. The stock has a 50-day moving average of $43.41 and a 200-day moving average of $41.55. The company has a market cap of $2.440 billion and a price-to-earnings ratio of 35.58.
Cedar Fair, L.P. (NYSE:FUN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.82 by $0.03. The company had revenue of $403.40 million for the quarter, compared to the consensus estimate of $360.00 million. During the same quarter last year, the company posted $0.65 earnings per share. Cedar Fair, L.P.’s revenue was up 1.1% compared to the same quarter last year. Analysts expect that Cedar Fair, L.P. will post $1.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 16th. Stockholders of record on Thursday, September 5th will be given a dividend of $0.63 per share. This represents a $2.50 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend is Tuesday, September 3rd.
Cedar Fair, L.P. is a limited partnership managed by Cedar Fair Management, Inc (NYSE:FUN).
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