Carriage Services (NYSE:CSV) Coverage Initiated at Oppenheimer

Key Points

• Oppenheimer initiated coverage of Carriage Services with an “outperform” rating and a $48 price target, implying 41.68% upside from the stock’s current price.
• Analyst sentiment is mixed: Carriage Services has a consensus “Hold” rating and an average price target of $51, with ratings ranging from Buy to Sell.
• The company recently missed quarterly expectations, reporting $0.78 in EPS versus $0.82 expected and revenue of $102.95 million versus $108.91 million; institutional investors own 66.46% of the stock.

Stock analysts at Oppenheimer initiated coverage on shares of Carriage Services (NYSE:CSV - Get Free Report) in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage set an "outperform" rating and a $48.00 price target on the stock. Oppenheimer's target price would suggest a potential upside of 41.68% from the stock's current price.

CSV has been the subject of several other research reports. Roth Capital set a $46.00 price target on Carriage Services in a research note on Friday, August 7th. Zacks Research lowered Carriage Services from a "hold" rating to a "strong sell" rating in a report on Tuesday. Raymond James Financial set a $50.00 target price on Carriage Services in a research report on Friday, August 7th. Weiss Ratings downgraded Carriage Services from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, July 23rd. Finally, Barrington Research reissued an "outperform" rating and issued a $60.00 price target on shares of Carriage Services in a research report on Monday, April 27th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $51.00.

Carriage Services Stock Up 0.7%

Carriage Services stock opened at $33.88 on Thursday. 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 has a 1-year low of $33.33 and a 1-year high of $52.10. The firm's fifty day simple moving average is $38.38 and its 200-day simple moving average is $42.46. The company has a market capitalization of $537.68 million, a P/E ratio of 12.14, a P/E/G ratio of 0.66 and a beta of 0.84.

Carriage Services (NYSE:CSV - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.04). The business had revenue of $102.95 million during the quarter, compared to the consensus estimate of $108.91 million. Carriage Services had a return on equity of 19.23% and a net margin of 10.69%.Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. Sell-side analysts forecast that Carriage Services will post 3.38 earnings per share for the current fiscal year.

Institutional Trading of Carriage Services

Several hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Carriage Services in the 2nd quarter valued at approximately $334,000. Quantbot Technologies LP bought a new position in Carriage Services in the 2nd quarter worth approximately $611,000. De Lisle Partners LLP acquired a new position in shares of Carriage Services during the second quarter worth approximately $9,191,000. Bard Associates Inc. acquired a new position in shares of Carriage Services during the second quarter worth approximately $3,722,000. Finally, Heartland Advisors Inc. bought a new stake in shares of Carriage Services in the second quarter valued at approximately $7,948,000. Institutional investors own 66.46% of the company's stock.

About Carriage Services

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.

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