Shares of Cedar Fair, L.P. (NYSE:FUN - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $32.01 and last traded at $32.30, with a volume of 821762 shares changing hands. The stock had previously closed at $37.37.
Analyst Ratings Changes
A number of research firms have recently weighed in on FUN. Jefferies Financial Group assumed coverage on shares of Cedar Fair in a report on Monday, December 9th. They issued a "buy" rating and a $59.00 price target on the stock. Guggenheim cut their price target on shares of Cedar Fair from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Barclays started coverage on Cedar Fair in a research report on Friday, March 14th. They set an "overweight" rating and a $41.00 price target on the stock. Truist Financial dropped their target price on Cedar Fair from $56.00 to $52.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Finally, StockNews.com lowered Cedar Fair from a "hold" rating to a "sell" rating in a research report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.57.
Read Our Latest Stock Report on FUN
Cedar Fair Trading Down 5.8 %
The company's 50-day moving average price is $39.87 and its 200-day moving average price is $42.70. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 1.95. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of -44.21 and a beta of 1.21.
Cedar Fair Company Profile
(
Get Free Report)
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.
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