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

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

A number of other research analysts have also recently commented on FUN. StockNews.com cut Cedar Fair from a “hold” rating to a “sell” rating in a research report on Thursday, March 6th. Barclays assumed coverage on shares of Cedar Fair in a research report on Friday, March 14th. They set an “overweight” rating and a $41.00 price target on the stock. Macquarie restated an “outperform” rating and set a $55.00 price objective on shares of Cedar Fair in a research report on Friday, March 7th. Mizuho reduced their target price on Cedar Fair from $54.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Finally, Guggenheim lowered their price target on Cedar Fair from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Two 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, the company currently has an average rating of “Moderate Buy” and an average target price of $53.07.

Cedar Fair Price Performance

NYSE:FUN traded down $1.11 during trading hours on Wednesday, reaching $32.47. 1,065,074 shares of the company were exchanged, compared to its average volume of 1,369,116. The business has a 50 day moving average of $39.44 and a 200 day moving average of $42.58. Cedar Fair has a 1-year low of $28.02 and a 1-year high of $58.70. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.40 and a quick ratio of 0.32. The company has a market capitalization of $3.26 billion, a P/E ratio of -50.74 and a beta of 1.21.

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.