From MarketBeat:

Several research analysts have given Cedar Fair, L.P. a “Moderate Buy” consensus recommendation, with an average twelve-month price target of $49.64. The company’s stock has received ratings from ten firms, with two analysts rating it a hold and eight giving it a buy rating.

Cedar Fair stock opened at $40.94 on Friday, with a 50-day moving average price of $39.11 and a 200-day moving average price of $38.49. The company has a market capitalization of $2.09 billion and a beta of 1.42. The firm reported earnings per share of $4.21 from its quarter ending November 2nd.

Institutional investors and hedge funds own 61.81% of Cedar Fair’s stock, with several firms increasing their holdings during the first quarter. JPMorgan Chase & Co. now owns 256,240 shares of the company’s stock, while UBS Group AG owns 1,407,705 Cedar Fair shares.

Cedar Fair, L.P. operates amusement and water parks, as well as resort facilities in the United States and Canada. Some of its amusement parks include Cedar Point, Knott’s Berry Farm, Canada’s Wonderland, Kings Island, and other popular attractions.

When considering a stock investment, it’s important to keep in mind that top-rated analysts believe there are better buys in the market. Despite Cedar Fair’s “Moderate Buy” rating, other stocks might offer better investment opportunities, according to top analysts.



Read more: Cedar Fair, L.P. (NYSE:FUN) Given Average Rating of “Moderate Buy” by Analysts