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Why Cedar Fair is attracting positive ratings from Wall Street

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Mar. 2 2015, Published 1:28 p.m. ET

Broker ratings

Following the announcement of 4Q14 and fiscal 2014 results, Wall Street analysts covering Cedar Fair (FUN) have reviewed the company’s results and made their recommendations. Cedar Fair’s 200-day moving average share price is $49.73 with a 52-week high and low of $56.09 and $43.81, respectively.

The above chart shows that all five analysts have rated the stock as buy. Cedar Fair has a consensus rating of buy with a mean price target of ~$60, which is 7% higher than the share price close on February 24, 2014. The highest target price estimate has been put at $61 by FBR Capital Markets, while the lowest price target estimate was calculated at $44 by Hilliard Lyons.

FBR Capital Markets has given an unchanged outperform rating with a revised price target of $61 from $55. Similarly, Credit Suisse (CS) has given an unchanged outperform rating with a revised price target of $60 from $53.

Credit Suisse also rated Six Flags Entertainment (SIX) as outperform with a price target of $55 after the release of its 4Q14 and fiscal 2014 results. 

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Investment through ETFs

Investors who are looking to invest in dividend-paying companies may hold their portfolio in ETFs like Global X SuperDividend (DIV). DIV tracks the performance of companies that rank among the highest dividend-yielding equity securities in the United States. Six Flags comprises ~2% of DIV.

Investors can also invest in ETFs like the Consumer Discretionary Select Sector SPDR Fund (XLY) to hold a diversified portfolio in leisure companies. XLY has highest exposure of ~7% in The Walt Disney Company (DIS).

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