Cedar Fair (NYSE:FUN) Given New $42.00 Price Target at Jefferies Financial Group

Cedar Fair (NYSE:FUN) had its target price reduced by stock analysts at Jefferies Financial Group from $58.00 to $42.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 31.98% from the company’s current price.

Other analysts also recently issued research reports about the company. Truist Financial cut 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. UBS Group started coverage on shares of Cedar Fair in a report on Wednesday. They issued a “buy” rating and a $49.00 price objective for the company. Mizuho lowered their target price on shares of Cedar Fair from $54.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. Macquarie reiterated an “outperform” rating and set a $55.00 price objective on shares of Cedar Fair in a research note on Friday, March 7th. Finally, StockNews.com cut Cedar Fair from a “hold” rating to a “sell” rating in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Cedar Fair currently has an average rating of “Moderate Buy” and an average price target of $52.53.

Cedar Fair Stock Down 1.4 %

FUN stock opened at $31.82 on Thursday. The stock has a market cap of $3.19 billion, a PE ratio of -49.72 and a beta of 1.21. The firm’s 50-day simple moving average is $38.95 and its 200 day simple moving average is $42.46. Cedar Fair has a fifty-two week low of $28.02 and a fifty-two week high of $58.70. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 1.95.

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.