Cedar Fair (NYSE:FUN) Hits New 12-Month Low - Should You Sell?

Cedar Fair, L.P. (NYSE:FUN - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $28.12 and last traded at $28.29, with a volume of 3520610 shares changing hands. The stock had previously closed at $30.04.

Analyst Upgrades and Downgrades

FUN has been the topic of a number of research analyst reports. Guggenheim lowered their price target on Cedar Fair from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. UBS Group started coverage on shares of Cedar Fair in a report on Wednesday, April 9th. They issued a "buy" rating and a $49.00 price objective for the company. Truist Financial lowered their target price on Cedar Fair from $52.00 to $45.00 and set a "buy" rating on the stock in a report on Monday. StockNews.com cut Cedar Fair from a "hold" rating to a "sell" rating in a report on Thursday, March 6th. Finally, Stifel Nicolaus lowered their price objective on Cedar Fair from $64.00 to $52.00 and set a "buy" rating on the stock in a research note on Friday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Cedar Fair presently has a consensus rating of "Moderate Buy" and an average price target of $52.07.

Cedar Fair Price Performance

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 stock's 50-day moving average is $38.95 and its two-hundred day moving average is $42.47. The stock has a market cap of $3.19 billion, a PE ratio of -49.64 and a beta of 1.21.

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.