Cedar Fair, L.P. Upgraded by Zacks to “Outperform” (FUN)
Cedar Fair, L.P. (NYSE:FUN) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Tuesday, Analyst Ratings Network.com reports. The firm currently has a $51.80 target price on the stock. Zacks‘ price objective would suggest a potential upside of 2.31% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets initiated coverage on shares of Cedar Fair, L.P. in a research note to investors on Tuesday, November 26th. They set an “outperform” rating and a $70.00 price target on the stock. Analysts at Hilliard Lyons downgraded shares of Cedar Fair, L.P. from a “buy” rating to a “neutral” rating in a research note to investors on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $60.90.
Shares of Cedar Fair, L.P. (NYSE:FUN) traded up 2.32% during mid-day trading on Tuesday, hitting $50.63. 160,657 shares of the company’s stock traded hands. Cedar Fair, L.P. has a one year low of $35.68 and a one year high of $51.42. The stock has a 50-day moving average of $48.36 and a 200-day moving average of $44.66. The company has a market cap of $2.821 billion and a price-to-earnings ratio of 23.35.
Cedar Fair, L.P. (NYSE:FUN) last issued its quarterly earnings data on Thursday, November 7th. The company reported $3.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.87 by $0.54. The company had revenue of $592.10 million for the quarter, compared to the consensus estimate of $581.69 million. During the same quarter in the previous year, the company posted $2.53 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts predict that Cedar Fair, L.P. will post $2.32 earnings per share for the current fiscal year.
Cedar Fair, L.P. is a limited partnership managed by Cedar Fair Management, Inc (NYSE:FUN).
To view Zacks’ full report, visit www.zacks.com
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