Cedar Fair (NYSE:FUN - Get Free Report) had its target price lowered by JPMorgan Chase & Co. from $46.00 to $28.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s price target would suggest a potential downside of 12.90% from the company's previous close.
Several other brokerages have also recently weighed in on FUN. Guggenheim dropped their price objective on Cedar Fair from $55.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Macquarie reiterated an "outperform" rating and set a $55.00 price target on shares of Cedar Fair in a report on Friday, March 7th. Mizuho lowered their target price on Cedar Fair from $54.00 to $49.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Stifel Nicolaus reduced their target price on shares of Cedar Fair from $64.00 to $52.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Barclays began coverage on shares of Cedar Fair in a research note on Friday, March 14th. They issued an "overweight" rating and a $41.00 price target for the company. Two analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Cedar Fair currently has an average rating of "Moderate Buy" and an average target price of $50.87.
Check Out Our Latest Stock Report on Cedar Fair
Cedar Fair Stock Performance
NYSE:FUN traded up $0.31 during mid-day trading on Thursday, hitting $32.15. The stock had a trading volume of 147,686 shares, compared to its average volume of 1,388,374. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.32 and a current ratio of 0.40. Cedar Fair has a twelve month low of $28.02 and a twelve month high of $58.70. The company's 50 day simple moving average is $38.19 and its 200 day simple moving average is $42.27. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -50.04 and a beta of 1.21.
About Cedar Fair
(
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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