B.Riley Financial Stick to Their Buy Rating for Cedar Fair
Investing.com
Published Oct 01, 2021 05:08AM ET
B.Riley Financial analyst Eric Wold reiterated a Buy rating on Cedar Fair (NYSE:FUN) on Thursday, setting a price target of $75, which is approximately 61.71% above the present share price of $46.38.
Wold expects Cedar Fair to post earnings per share (EPS) of -$1.04 for the fourth quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Cedar Fair, with an average price target of $64.5.
The analysts price targets range from a high of $75 to a low of $54.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $224.14 million and a net profit of -$36.5 million. The company's market cap is $2.64 billion.
According to TipRanks.com, B.Riley Financial analyst Eric Wold is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 27.3% and a 60.32% success rate.
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. The company was founded on May 13, 1983 and is headquartered in Sandusky, OH.
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Written By: Investing.com
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