Cedar Fair (NYSE:FUN) Price Target & New Coverage by Suntrust Robinson
New York: Cedar Fair (NYSE:FUN) coverage was was initiated with a Hold rating and $72.00 price target at Suntrust Robinson. Suntrust Robinson’s PT suggests upside of 5.34 % from the company’s last stock price.
The initiation is welcomed by stock traders, as NYSE:FUN is currently trading 0.15% higher at $68.35 as of 2:00 PM New York time. Cedar Fair’s stock is 0% in the last 200 days. It has underperformed the S&P 500, which has increased 14.38% in the same time.
Trafelet Brokaw Capital Management L.P. had the biggest stake with ownership of 240,378 shares as of Q2 2015 for 10.41% of the equity exposure. Msd Partners L.P. is another quite bullish investment professional who is having 1.83 million shares of Cedar Fair or 8.47% of their equity exposure. Further, Hollow Brook Wealth Management Llc have 8.03% of their equity exposure invested in the company for 237,028 shares. The New York-based fund Overbrook Management Corp revealed it had bought a stake worth about 6.41% of the investment professional’s stock portfolio in Cedar Fair. The Massachusetts-based fund Aureus Asset Management Llc is also positive about the stock, possessing 485,709 shares or 2.29% of their equity exposure.
Cedar Fair (NYSE:FUN) Profile
Cedar Fair, L.P. is an operator of regional amusement parks. The Company operates within a segment of amusement/water parks with accompanying resort facilities. As of December 31, 2016, the Company owned approximately 11 amusement parks, two separately gated outdoor water parks, one indoor water park and five hotels.
Cedar Fair (NYSE:FUN) traded up 0.15% on 14 April, hitting $68.35. A total of 60,048 shares of the company’s stock traded hands. This is down from average of 97,076 shares. Cedar Fair has a 52 week low of $56.17 and a 52 week high of $69.81. The company has a market cap of $3.85B and a P/E ratio of 21.73.
Get the latest Cedar Fair (NYSE:FUN) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.
The post Suntrust Robinson has $72.00 Target Price per Share on Cedar Fair (NYSE:FUN) after Started Coverage appeared first on Octafinance.