Cedar Fair (NYSE:FUN) Coverage Initiated at UBS Group

Analysts at UBS Group started coverage on shares of Cedar Fair (NYSE:FUN) in a report released on Wednesday, MarketBeat.com reports. The firm set a “buy” rating and a $49.00 price target on the stock. UBS Group’s price target suggests a potential upside of 51.66% from the company’s previous close.

A number of other research analysts also recently commented on FUN. Mizuho dropped their price target on Cedar Fair from $54.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. StockNews.com cut shares of Cedar Fair from a “hold” rating to a “sell” rating in a research report on Thursday, March 6th. Barclays initiated coverage on shares of Cedar Fair in a research report on Friday, March 14th. They set an “overweight” rating and a $41.00 price target on the stock. Macquarie reissued an “outperform” rating and issued a $55.00 price objective on shares of Cedar Fair in a research note on Friday, March 7th. Finally, Truist Financial cut 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. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.07.

Cedar Fair Price Performance

Shares of NYSE FUN opened at $32.31 on Wednesday. The business has a fifty day moving average price of $39.20 and a two-hundred day moving average price of $42.52. The stock has a market capitalization of $3.24 billion, a PE ratio of -50.48 and a beta of 1.21. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.40 and a quick ratio of 0.32. Cedar Fair has a fifty-two week low of $28.02 and a fifty-two week high of $58.70.

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.