Jefferies Financial Group Cuts Cedar Fair (NYSE:FUN) Price Target to $42.00

Cedar Fair (NYSE:FUN) had its price objective cut by Jefferies Financial Group from $58.00 to $42.00 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently weighed in on FUN. Barclays started 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 reaffirmed an “outperform” rating and set a $55.00 target price on shares of Cedar Fair in a research note on Friday, March 7th. UBS Group assumed coverage on shares of Cedar Fair in a research report on Wednesday. They issued a “buy” rating and a $49.00 price target for the company. Guggenheim lowered their price objective on shares of Cedar Fair from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, Truist Financial dropped their price objective on shares of Cedar Fair from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.53.

Cedar Fair Trading Down 1.4 %

Cedar Fair stock opened at $31.82 on Thursday. The company has a 50 day moving average price of $38.95 and a 200 day moving average price of $42.46. 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 52 week low of $28.02 and a 52 week high of $58.70. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of -49.72 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.