Cedar Fair, L.P. Reaches New 12-Month High at $45.09 (FUN)
Cedar Fair, L.P. (NYSE:FUN)’s share price reached a new 52-week high during mid-day trading on Thursday, Analyst Ratings Network reports. The stock traded as high as $45.09 and last traded at $44.76, with a volume of 177,018 shares traded. The stock had previously closed at $44.32.
FUN has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Cedar Fair, L.P. from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 1st. They now have a $46.70 price target on the stock. Separately, analysts at TheStreet upgraded shares of Cedar Fair, L.P. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.70.
Cedar Fair, L.P. has a 1-year low of $30.90 and a 1-year high of $44.29. The stock’s 50-day moving average is $43.37 and its 200-day moving average is $41.47. The company has a market cap of $2.500 billion and a price-to-earnings ratio of 35.92.
Cedar Fair, L.P. (NYSE:FUN) last released its earnings data on Thursday, August 8th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts predict that Cedar Fair, L.P. will post $1.57 earnings per share for the current fiscal year.
Cedar Fair, L.P. is a limited partnership managed by Cedar Fair Management, Inc (NYSE:FUN).
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