Cedar Fair (NYSE:FUN) Coverage Initiated by Analysts at UBS Group

UBS Group initiated coverage on shares of Cedar Fair (NYSE:FUN) in a report issued on Wednesday morning, MarketBeat.com reports. The firm issued a buy rating and a $49.00 target price on the stock.

A number of other research analysts also recently issued reports on FUN. Truist Financial dropped their price objective 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. Barclays assumed coverage on Cedar Fair in a report on Friday, March 14th. They set an “overweight” rating and a $41.00 price target on the stock. Macquarie reiterated an “outperform” rating and issued a $55.00 price objective on shares of Cedar Fair in a research note on Friday, March 7th. Guggenheim cut 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 note on Wednesday, March 5th. Finally, Mizuho decreased their price target on shares of Cedar Fair from $54.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Two 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.07.

Cedar Fair Trading Down 3.3 %

Shares of FUN traded down $1.11 during trading hours on Wednesday, hitting $32.47. 1,065,074 shares of the stock were exchanged, compared to its average volume of 1,369,116. The firm has a market capitalization of $3.26 billion, a P/E ratio of -50.74 and a beta of 1.21. 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 has a fifty-two week low of $28.02 and a fifty-two week high of $58.70. The business has a 50-day moving average of $39.44 and a 200-day moving average of $42.58.

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.