UBS Group Initiates Coverage on Cedar Fair (NYSE:FUN)

UBS Group assumed coverage on shares of Cedar Fair (NYSE:FUN - Free Report) in a research note released on Wednesday, Marketbeat.com reports. The firm issued a buy rating and a $49.00 price target on the stock.

Other analysts also recently issued research reports about the stock. Guggenheim dropped their target price on shares of Cedar Fair from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Barclays initiated coverage on Cedar Fair in a research report on Friday, March 14th. They issued an "overweight" rating and a $41.00 target price on the stock. Mizuho lowered their price target on Cedar Fair from $54.00 to $49.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. StockNews.com downgraded Cedar Fair from a "hold" rating to a "sell" rating in a research note on Thursday, March 6th. Finally, Truist Financial reduced their price objective on Cedar Fair from $56.00 to $52.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Cedar Fair presently has a consensus rating of "Moderate Buy" and an average target price of $52.07.

Cedar Fair Stock Down 1.4 %

Shares of FUN stock traded down $0.46 during trading hours on Wednesday, reaching $31.45. 284,000 shares of the company's stock were exchanged, compared to its average volume of 1,382,090. Cedar Fair has a 1 year low of $28.02 and a 1 year high of $58.70. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.95. The stock has a market cap of $3.16 billion, a PE ratio of -49.14 and a beta of 1.21. The stock's fifty day moving average price is $38.95 and its two-hundred day moving average price is $42.47.

About Cedar Fair

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.