Cedar Fair (NYSE:FUN) Cut to Sell at StockNews.com

StockNews.com lowered shares of Cedar Fair (NYSE:FUN) from a hold rating to a sell rating in a research note published on Wednesday.

Several other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Cedar Fair from $43.00 to $46.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Oppenheimer lowered their target price on shares of Cedar Fair from $67.00 to $60.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th. Macquarie restated an “outperform” rating and set a $55.00 target price on shares of Cedar Fair in a research note on Thursday, November 7th. Citigroup increased their price objective on shares of Cedar Fair from $53.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, Jefferies Financial Group started coverage on shares of Cedar Fair in a research note on Monday, December 9th. They issued a “buy” rating and a $59.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.21.

Cedar Fair Stock Performance

FUN opened at $42.83 on Wednesday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.32 and a current ratio of 0.40. The company’s 50-day simple moving average is $46.24 and its two-hundred day simple moving average is $43.97. Cedar Fair has a 52-week low of $35.93 and a 52-week high of $58.70.

Institutional Investors Weigh In On Cedar Fair

An institutional investor recently bought a new position in Cedar Fair stock. Mutual of America Capital Management LLC bought a new stake in Cedar Fair, L.P. (NYSE:FUN) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,459 shares of the company’s stock, valued at approximately $260,000. 64.65% of the stock is owned by institutional investors.

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.