Financial Metrics Exploration: Understanding Cedar Fair L.P. (FUN) Through Ratios

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The closing price of Cedar Fair L.P. (NYSE: FUN) was $56.90 for the day, up 3.66% from the previous closing price of $54.89. In other words, the price has increased by $3.66 from its previous closing price. On the day, 2.23 million shares were traded. FUN stock price reached its highest trading level at $57.0 during the session, while it also had its lowest trading level at $54.52.

Ratios:

Our analysis of FUN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 82.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.14. For the most recent quarter (mrq), Quick Ratio is recorded 0.32 and its Current Ratio is at 0.45.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Mizuho on March 26, 2024, initiated with a Buy rating and assigned the stock a target price of $56.

On February 08, 2024, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $49.

Citigroup Upgraded its Neutral to Buy on November 03, 2023, whereas the target price for the stock was revised from $40 to $46.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FUN now has a Market Capitalization of 5682320896 and an Enterprise Value of 5282380800. As of this moment, Cedar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.61. Its current Enterprise Value per Revenue stands at 2.909 whereas that against EBITDA is 10.42.

Stock Price History:

Over the past 52 weeks, FUN has reached a high of $56.00, while it has fallen to a 52-week low of $34.04. The 50-Day Moving Average of the stock is 28.21%, while the 200-Day Moving Average is calculated to be 40.45%.

Shares Statistics:

FUN traded an average of 568.38K shares per day over the past three months and 2765010 shares per day over the past ten days. A total of 51.01M shares are outstanding, with a floating share count of 45.85M. Insiders hold about 10.54% of the company’s shares, while institutions hold 57.07% stake in the company. Shares short for FUN as of 1718323200 were 2985886 with a Short Ratio of 5.25, compared to 1715731200 on 2913151. Therefore, it implies a Short% of Shares Outstanding of 2985886 and a Short% of Float of 8.51.

Dividends & Splits

With its trailing 12-month dividend rate of 1.2, FUN has a forward annual dividend rate of 1.20. Against a Trailing Annual Dividend Yield of 0.021861907The stock’s 5-year Average Dividend Yield is 6.52.

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