Stock To Watch: Cedar Fair, L.P. (NYSE:FUN)


The leading market experts have placed a mean price target of $67.63 on Cedar Fair, L.P. (NYSE:FUN) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $3.65 a share for the upcoming quarter and $3.66 for the current fiscal. Technical View The technical analysis of Cedar Fair, L.P. Common Stock plainly substantiates that the 50-day moving average of Cedar Fair, L.P. Common Stock is $59.45, and stock is hovering -0.25 or -0.42% distant from $59.45. It is noted that the 200-day MA is $57.50, and Cedar Fair, L.P. Common Stock stock is $1.70 or +2.95% off from this point. Cedar Fair, L.P. (NYSE:FUN) 52-week high is $63.40 and the 52-week low is $48.46. This explains if the stock moves $-4.20, it will post a 52-week high. In event of $+22.16% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Cedar Fair, L.P. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Cedar Fair, L.P. (NYSE:FUN) ratio came in at 22.66. The stock last ended the trading session at $59.20 and registered a market cap of $3.32B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Cedar Fair, L.P. (NYSE:FUN) PEG ratio is at 0.65.

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