Sell-Side Projections in Focus for These Shares: Cedar Fair, L.P. (NYSE:FUN)

Sell-side analysts often undertake stock analysis to give their opinions of whether they believe that shares should be bought, sold, or held. Using ratings provided by analysts to Zacks Research, we can see that the current average broker rating on shares of Cedar Fair, L.P. (NYSE:FUN) is currently 1.33. This consensus rating uses a number scale from 1 to 5. A low number between 1 and 2 indicates a Buy or Strong Buy.  A 3 rating would represent a Hold, while a 4 or 5 indicates a Sell rating. After a recent check, we can see that 8 sell-side analysts have rated the stock a Strong Buy or Buy, based analysts polled by Zacks Research.

Even though the stock market has been cranking along and touching record highs, there are bound to be some rough patches in the near future. Some investors may actually welcome a pullback in order to scoop up some stocks at a relative discount. Investors who are on top of things are most likely ready to spring when the next big buying opportunity pops up. Being prepared for a buying opportunity can make the process much easier when the time comes. As investors look ahead to the next round of company earnings reports, the focus may gravitate to those companies that have positioned themselves for sustained future growth. Many investors will be closely monitoring which companies outperform by the largest margin after earnings results are released.

Sell-side Wall Street analysts will commonly offer stock price target estimates. Many investors pay close attention to where the analysts project the stock moving in the future. After a recent scan, we can see that analysts polled by Zacks Research have set a consensus price target of $74.25 on shares of Cedar Fair, L.P. (NYSE:FUN). Price target estimates can be calculated using various methods, and they may be quite different depending on the individual analyst. A fully researched analyst report will generally provide detailed reasoning for a specific target price prediction. Some investors may track analyst targets very closely and use the information to complement their own stock research.

Taking a quick look at the current quarter EPS consensus estimate for Cedar Fair, L.P. (NYSE:FUN), we can see that the most recent level is sitting at -1.19. This EPS projection uses 4 Sell-Side analysts polled by Zacks Research. For the previous reported quarter, the company posted a quarterly EPS of 3.38. Covering analysts have the tough job of following companies and offering future estimates. These estimates are often closely followed on the Street, and earnings beats or misses revolve around these projections. Sometimes these predictions are extremely close to the actual reported number, and other times they may be way off. When a company posts actual earnings numbers, the surprise factor can lead to sudden stock price fluctuations. If a company meets and beats estimates and posts a positive earnings surprise, the stock may see a near-term bump. On the other end, a negative surprise may send the stock in the opposite direction. Many investors will choose to trade with caution around earnings releases and wait to make a move until after the major activity has subsided.

Zooming in on recent stock price action for Cedar Fair, L.P. (NYSE:FUN), we note that shares are trading near the 64.37 level. Investors will often follow stock price levels in relation to the 52-week high and low levels. The 52-week high is presently 72.29, and the 52-week low is sitting at 61.64. When a stock price is getting close to either the 52-week high or 52-week low, investors may track activity to watch for a move past the established mark. Over the last 12 weeks, shares have seen a change of 0.77%. Heading further back to the start of the year, we note that shares have seen a change of -0.95%. Focusing in closer to the last 4 weeks, shares have seen a change of -4.99%. Over the past five trading days, the stock has changed -1.03%.

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