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

Cedar Fair (NYSE:FUN) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

FUN has been the topic of several other research reports. Jefferies Financial Group began coverage on shares of Cedar Fair in a research report on Monday, December 9th. They issued a “buy” rating and a $59.00 price objective on the stock. Citigroup lifted their target price 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. Guggenheim lifted their target price on shares of Cedar Fair from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. lifted their target price on shares of Cedar Fair from $43.00 to $46.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group reduced their target price on shares of Cedar Fair from $55.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.54.

Cedar Fair Stock Performance

Shares of FUN stock opened at $46.54 on Friday. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of -72.71 and a beta of 1.55. 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 $35.93 and a 52 week high of $58.70. The firm’s 50-day simple moving average is $46.01 and its two-hundred day simple moving average is $43.92.

Hedge Funds 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 shares of Cedar Fair, L.P. (NYSE:FUN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 6,459 shares of the company’s stock, valued at approximately $260,000. Institutional investors own 64.65% of the company’s stock.

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.