Carriage Services (NYSE:CSV – Get Free Report) had its price objective dropped by equities research analysts at B. Riley Financial from $65.00 to $56.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley Financial‘s price objective points to a potential upside of 106.95% from the stock’s current price.
Several other equities research analysts have also issued reports on the company. Roth Capital set a $42.00 target price on Carriage Services in a research report on Friday, October 2nd. The Goldman Sachs Group set a $56.00 price target on shares of Carriage Services in a report on Friday. Raymond James Financial set a $50.00 price target on shares of Carriage Services in a research report on Friday, August 7th. UBS Group set a $56.00 price target on shares of Carriage Services in a research report on Friday. Finally, Zacks Research downgraded shares of Carriage Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $52.57.
Read Our Latest Stock Analysis on CSV
Carriage Services Stock Performance
Shares of CSV traded down $1.15 on Friday, reaching $27.06. 97,540 shares of the company’s stock traded hands, compared to its average volume of 143,665. The stock’s 50 day simple moving average is $33.49 and its two-hundred day simple moving average is $39.85. The stock has a market cap of $429.44 million, a PE ratio of 9.20, a PEG ratio of 0.72 and a beta of 0.72. Carriage Services has a 52-week low of $26.46 and a 52-week high of $52.10. The company has a current ratio of 1.46, a quick ratio of 1.29 and a debt-to-equity ratio of 1.92.
Carriage Services (NYSE:CSV – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.20). Carriage Services had a return on equity of 17.81% and a net margin of 11.31%. The business had revenue of $100.26 million during the quarter, compared to analysts’ expectations of $109.47 million. On average, analysts forecast that Carriage Services will post 3.34 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Carriage Services
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Carriage Services in the 2nd quarter valued at about $42,164,000. Dimensional Fund Advisors LP lifted its holdings in Carriage Services by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 610,346 shares of the company’s stock valued at $27,867,000 after purchasing an additional 3,520 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in Carriage Services during the second quarter valued at about $12,505,000. Punch & Associates Investment Management Inc. boosted its position in Carriage Services by 6.9% during the first quarter. Punch & Associates Investment Management Inc. now owns 263,750 shares of the company’s stock worth $12,043,000 after purchasing an additional 17,051 shares during the period. Finally, De Lisle Partners LLP bought a new position in Carriage Services during the second quarter worth about $9,191,000. Hedge funds and other institutional investors own 66.46% of the company’s stock.
About Carriage Services
Carriage Services, Inc is a provider of funeral and cemetery services in the United States. The company operates funeral homes and cemeteries that serve families through arrangements for traditional funerals, cremation services, memorial ceremonies and related merchandise.
Its cemetery operations provide interment and memorialization services, including burial plots, mausoleums, cremation niches and other cemetery products. Carriage Services also offers advance-planning and prearrangement services, allowing individuals and families to make funeral and cemetery arrangements before they are needed.
Founded in 1991 and headquartered in Houston, Texas, Carriage Services operates through a network of funeral homes and cemeteries across multiple U.S.
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