Jefferies Financial Group Issues Pessimistic Forecast for Cedar Fair (NYSE:FUN) Stock Price

Cedar Fair (NYSE:FUN) had its price target lowered by equities researchers at Jefferies Financial Group from $58.00 to $42.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 31.98% from the stock’s current price.

FUN has been the topic of several other reports. Barclays started coverage on shares of Cedar Fair in a research report on Friday, March 14th. They set an “overweight” rating and a $41.00 price objective on the stock. UBS Group began coverage on Cedar Fair in a research report on Wednesday. They issued a “buy” rating and a $49.00 price target on the stock. Macquarie reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Cedar Fair in a research note on Friday, March 7th. Mizuho lowered their target price on Cedar Fair from $54.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. Finally, Guggenheim cut their price target on Cedar Fair from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Two equities 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. According to MarketBeat, Cedar Fair presently has an average rating of “Moderate Buy” and an average target price of $52.53.

Cedar Fair Trading Down 1.4 %

Shares of NYSE:FUN opened at $31.82 on Thursday. Cedar Fair has a 52 week low of $28.02 and a 52 week high of $58.70. The company’s 50 day moving average is $38.95 and its two-hundred day moving average is $42.46. The company has a market cap of $3.19 billion, a PE ratio of -49.72 and a beta of 1.21. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.95.

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.