Cigna earnings beat by $0.04, revenue topped estimates
In a year marked by economic headwinds, Cedar Fair LP (NYSE:FUN), a leader in regional amusement parks, water parks, and immersive entertainment, has seen its stock price touch a 52-week low of $35.92, with a steep year-to-date decline of 21.89%. According to InvestingPro data, technical indicators suggest the stock is in oversold territory, while fundamentals show expected sales growth for the current year. Investors are closely monitoring Cedar Fair’s performance as the company navigates through the challenges of fluctuating attendance rates, operational costs, and consumer spending patterns. The current price level presents a critical juncture for Cedar Fair as it strives to adapt its business strategy to the evolving market conditions. With analyst price targets ranging from $45 to $64 and revenue growth forecast at 26%, InvestingPro subscribers can access 8 additional exclusive insights and a comprehensive Pro Research Report for deeper analysis of the company’s potential.
In other recent news, Six Flags (NYSE:SIX) Entertainment reported its fourth-quarter earnings, revealing revenue of $687 million and an adjusted EBITDA of $209 million, slightly missing Guggenheim’s expectations. Guggenheim subsequently adjusted its price target for Six Flags to $50, while maintaining a Buy rating. Meanwhile, Oppenheimer reiterated its Outperform rating and $60 price target, noting a 1% year-over-year growth in revenue and an increase in adjusted EBITDA margins by approximately 466 basis points. Stifel analysts also expressed confidence in Six Flags, raising their price target to $64 and maintaining a Buy rating, despite challenges following the merger with Cedar Fair. The firm highlighted Six Flags as their top theme park operator pick for 2025, citing anticipated upside based on 2026 EBITDA estimates.
The company has set its 2025 Annual Meeting of Stockholders for June 25, marking the first meeting since its name change from CopperSteel HoldCo, Inc. Six Flags also outlined deadlines for stockholder proposals and director nominations. Additionally, Oppenheimer noted potential strategic moves, such as selling up to 12 smaller parks, to focus on larger parks contributing significantly to EBITDA. The proceeds from these sales could help reduce the company’s debt, aligning with its financial strategy. These developments reflect Six Flags’ ongoing efforts to enhance its market position and financial health.
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