FUN announced a cash dividend of 0.30 with an ex-date of Dec. 5, 2023
|Bid||38.90 x 1000|
|Ask||39.23 x 800|
|Day's Range||38.60 - 39.78|
|52 Week Range||34.04 - 47.95|
|Beta (5Y Monthly)||1.46|
|PE Ratio (TTM)||13.62|
|Earnings Date||Feb 14, 2024 - Feb 19, 2024|
|Forward Dividend & Yield||1.20 (3.06%)|
|Ex-Dividend Date||Dec 05, 2023|
|1y Target Est||47.89|
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Cedar Fair, L.P. (FUN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Theme park businesses have been under quite a bit of pressure in recent years. From the pandemic lockdown days to scorching-hot levels of inflation, it’s about time that some of the industry’s major players joined forces to unlock big value and curb costs. For Six Flags (NYSE:SIX) and Cedar Fair (NYSE:FUN), the merger seems to be a match made in heaven that could help the combined entity put up a better fight against rivals. As such, I’m bullish on both stocks ahead of the proposed merger. Undou