Cedar Fair (NYSE:FUN) Lowered to “Sell” Rating by StockNews.com

Cedar Fair (NYSE:FUN) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.

A number of other equities analysts have also recently issued reports on FUN. Macquarie reiterated an “outperform” rating and set a $55.00 target price on shares of Cedar Fair in a report on Thursday, November 7th. Guggenheim raised their price objective on Cedar Fair from $52.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. raised their price objective on Cedar Fair from $43.00 to $46.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. Citigroup raised their price objective on Cedar Fair from $53.00 to $57.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Oppenheimer decreased their price objective on Cedar Fair from $67.00 to $60.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Cedar Fair presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.21.

Cedar Fair Price Performance

FUN stock opened at $42.89 on Wednesday. The stock has a 50-day moving average price of $46.15 and a two-hundred day moving average price of $43.97. The stock has a market cap of $4.30 billion, a PE ratio of -67.02 and a beta of 1.55. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.95. Cedar Fair has a 1 year low of $35.93 and a 1 year high of $58.70.

Institutional Investors Weigh In On Cedar Fair

A hedge fund recently raised its stake in Cedar Fair stock. S.A. Mason LLC boosted its position in Cedar Fair, L.P. (NYSE:FUN) by 63.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 993 shares of the company’s stock after purchasing an additional 384 shares during the period. S.A. Mason LLC’s holdings in Cedar Fair were worth $40,000 as of its most recent filing with the SEC. Institutional investors own 64.65% of the company’s stock.

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.