Stifel Nicolaus Has Lowered Expectations for Cedar Fair (NYSE:FUN) Stock Price

Cedar Fair (NYSE:FUN - Get Free Report) had its price target cut by equities researchers at Stifel Nicolaus from $64.00 to $52.00 in a report released on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' price target points to a potential upside of 62.70% from the stock's previous close.

FUN has been the topic of a number of other reports. Mizuho decreased their price objective on Cedar Fair from $54.00 to $49.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Truist Financial cut their price objective on shares of Cedar Fair from $56.00 to $52.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. StockNews.com downgraded shares of Cedar Fair from a "hold" rating to a "sell" rating in a research report on Thursday, March 6th. Guggenheim reduced their price target on Cedar Fair from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Finally, Macquarie reiterated an "outperform" rating and set a $55.00 target price on shares of Cedar Fair in a research report on Friday, March 7th. Two research 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. Based on data from MarketBeat, Cedar Fair presently has a consensus rating of "Moderate Buy" and an average price target of $52.07.

Cedar Fair Stock Performance

Cedar Fair stock traded up $0.22 during trading hours on Friday, hitting $31.96. The company had a trading volume of 349,321 shares, compared to its average volume of 1,384,931. Cedar Fair has a one year low of $28.02 and a one year high of $58.70. The firm has a market cap of $3.21 billion, a PE ratio of -49.94 and a beta of 1.21. The firm has a 50-day moving average of $38.43 and a 200 day moving average of $42.34. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.40 and a quick ratio of 0.32.

Cedar Fair Company Profile

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.