In a report released yesterday, Barton Crockett from B.Riley FBR reiterated a Buy rating on Cedar Fair (NYSE: FUN), with a price target of $61. The company’s shares closed yesterday at $51.26, close to its 52-week low of $47.90.
According to TipRanks.com, Crockett is a 4-star analyst with an average return of 3.7% and a 52.8% success rate. Crockett covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Lions Gate Ent Corp Cl A, and Qurate Retail Group Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cedar Fair with a $62 average price target.
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Cedar Fair’s market cap is currently $2.89B and has a P/E ratio of 14.16. The company has a Price to Book ratio of 33.49.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FUN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
