Cedar Fair (NYSE:FUN) Price Target Lowered to $28.00 at JPMorgan Chase & Co.

Cedar Fair (NYSE:FUN) had its price target cut by JPMorgan Chase & Co. from $46.00 to $28.00 in a report released on Thursday,Benzinga reports. They currently have an underweight rating on the stock.

A number of other analysts have also issued reports on FUN. Mizuho dropped their price objective 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. StockNews.com lowered shares of Cedar Fair from a “hold” rating to a “sell” rating in a report on Thursday, March 6th. Jefferies Financial Group decreased their price objective on shares of Cedar Fair from $58.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Barclays assumed coverage on Cedar Fair in a research report on Friday, March 14th. They set an “overweight” rating and a $41.00 target price on the stock. Finally, Macquarie reissued an “outperform” rating and issued a $55.00 price target on shares of Cedar Fair in a report on Friday, March 7th. Two equities 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 company’s stock. Based on data from MarketBeat.com, Cedar Fair presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.87.

Cedar Fair Stock Performance

Shares of NYSE:FUN opened at $33.36 on Thursday. The business’s 50-day simple moving average is $37.98 and its 200 day simple moving average is $42.22. The company has a market cap of $3.35 billion, a P/E ratio of -52.12 and a beta of 1.21. 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 one year low of $28.02 and a one year high of $58.70.

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.