Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Cedar Fair, L.P. before investing.

In this article, we go over a few key elements for understanding Cedar Fair, L.P.’s stock price such as:

• Cedar Fair, L.P.’s current stock price and volume
• Why Cedar Fair, L.P.’s stock price changed recently
• Upgrades and downgrades for FUN from analysts
• FUN’s stock price momentum as measured by its relative strength

About Cedar Fair, L.P. (FUN)

Before we jump into Cedar Fair, L.P.’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Cedar Fair, L.P. is a regional amusement park operator with approximately 13 properties in its portfolio consisting of amusement parks, water parks and complementary resort facilities. The Company?s parks are family-oriented, with recreational facilities for people of all ages, and provide clean and attractive environments with rides and immersive entertainment. The Company's parks operate seasonally except for Knott's Berry Farm, which is typically open daily on a year-round basis. Its seasonal parks are generally open daily from Memorial Day until Labor Day. In addition to daily operations, its seasonal parks are open during select weekends, including at various properties in the fourth quarter for Halloween and winter events. Its flagship park, Cedar Point, is located on a peninsula in Sandusky, Ohio. Cedar Point serves a six-state region, which includes Ohio and Michigan, western Pennsylvania and New York, northern West Virginia and Indiana, as well as southwestern Ontario, Canada.

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Cedar Fair, L.P.’s Stock Price as of Market Close

As of February 20, 2024, 4:00 PM, CST, Cedar Fair, L.P.’s stock price was $40.60.

Cedar Fair, L.P. is down 4.45% from its previous closing price of $42.49.

During the last market session, Cedar Fair, L.P.’s stock traded between $41.11 and $42.99. Currently, there are 50.67 million shares of Cedar Fair, L.P. stock available for purchase.

Cedar Fair, L.P.’s price-earnings (P/E) ratio is currently at 17.3, which is low compared to the Leisure & Recreation industry median of 28.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Cedar Fair, L.P. Stock Price History

Cedar Fair, L.P.’s (FUN) price is currently down 0.42% so far this month.

During the month of February, Cedar Fair, L.P.’s stock price has reached a high of $42.99 and a low of $39.99.

Over the last year, Cedar Fair, L.P. has hit prices as high as $47.95 and as low as $34.04. Year to date, Cedar Fair, L.P.’s stock is down 1.79%.

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What Caused Cedar Fair, L.P. Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 16, 2024, there was 1 analyst who downgraded Cedar Fair, L.P.’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Cedar Fair, L.P.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Cedar Fair, L.P.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Cedar Fair, L.P.’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Cedar Fair, L.P. (FUN) by visiting AAII Stock Evaluator.

Relative Price Strength of Cedar Fair, L.P.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 16, 2024, Cedar Fair, L.P. has a weighted four-quarter relative price strength of -4.38%, which translates to a Momentum Score of 54 and is considered to be Average.

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Cedar Fair, L.P. Stock Price: Bottom Line

As of February 20, 2024, Cedar Fair, L.P.’s stock price is $40.60, which is down 4.45% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Cedar Fair, L.P. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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