Jefferies Financial Group Has Lowered Expectations for Cedar Fair (NYSE:FUN) Stock Price

Cedar Fair (NYSE:FUN) had its target price dropped by investment analysts at Jefferies Financial Group from $58.00 to $42.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 32.79% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Truist Financial reduced their target price on Cedar Fair from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Macquarie reiterated an “outperform” rating and set a $55.00 price objective on shares of Cedar Fair in a research note on Friday, March 7th. Guggenheim reduced their price objective 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. Mizuho dropped their target price on Cedar Fair from $54.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Finally, 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. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.07.

Cedar Fair Stock Down 5.8 %

Shares of FUN traded down $1.94 during midday trading on Thursday, hitting $31.63. 262,673 shares of the company’s stock traded hands, compared to its average volume of 1,365,749. Cedar Fair has a 1 year low of $28.02 and a 1 year high of $58.70. The firm’s fifty day moving average is $39.44 and its 200-day moving average is $42.58. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of -49.34 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.