Cedar Fair (NYSE:FUN) Rating Lowered 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 report sent to investors on Friday.

Several other research firms also recently commented on FUN. The Goldman Sachs Group decreased their target price on Cedar Fair from $55.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Truist Financial upped their target price on Cedar Fair from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Guggenheim upped their target price on Cedar Fair from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. upped their target price on Cedar Fair from $43.00 to $46.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group started coverage on Cedar Fair in a research report on Monday, December 9th. They set a “buy” rating and a $59.00 price target on the stock. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.54.

Cedar Fair Price Performance

Cedar Fair stock opened at $45.13 on Friday. Cedar Fair has a 12 month low of $35.93 and a 12 month high of $58.70. The stock’s 50 day moving average is $45.99 and its 200-day moving average is $43.93. 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 company has a market capitalization of $4.53 billion, a price-to-earnings ratio of -70.51 and a beta of 1.55.

Institutional Investors Weigh In On Cedar Fair

An institutional investor recently raised its position in Cedar Fair stock. S.A. Mason LLC raised its holdings in Cedar Fair, L.P. (NYSE:FUN) by 63.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 993 shares of the company’s stock after purchasing an additional 384 shares during the quarter. S.A. Mason LLC’s holdings in Cedar Fair were worth $40,000 as of its most recent SEC filing. 64.65% of the stock is currently owned by institutional investors and hedge funds.

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.