JPMorgan Chase & Co. Cuts Cedar Fair (NYSE:FUN) Price Target to $28.00

Cedar Fair (NYSE:FUN) had its price objective trimmed by JPMorgan Chase & Co. from $46.00 to $28.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.

Several other research firms have also commented on FUN. 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. Jefferies Financial Group reduced their target price on shares of Cedar Fair from $58.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Guggenheim cut their price objective on shares of Cedar Fair from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Mizuho lowered their price objective on Cedar Fair from $54.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. Finally, Stifel Nicolaus cut their target price on Cedar Fair from $64.00 to $52.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $50.87.

Cedar Fair Price Performance

Shares of NYSE FUN opened at $33.36 on Thursday. 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 firm has a market cap of $3.35 billion, a PE ratio of -52.12 and a beta of 1.21. Cedar Fair has a one year low of $28.02 and a one year high of $58.70. The firm has a fifty day moving average of $37.78 and a 200 day moving average of $42.21.

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.