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Carriage Services (NYSE:CSV) Stock Rating Lowered by Wall Street Zen

Carriage Services logo with Consumer Staples background

Carriage Services (NYSE:CSV - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.

Other research analysts have also issued research reports about the stock. Barrington Research reiterated an "outperform" rating and issued a $50.00 price target on shares of Carriage Services in a research note on Thursday, May 1st. Roth Mkm reiterated a "buy" rating and issued a $51.00 price target (up previously from $48.00) on shares of Carriage Services in a research note on Friday, May 2nd.

Get Our Latest Report on CSV

Carriage Services Stock Performance

CSV traded down $0.25 on Friday, reaching $45.81. The company had a trading volume of 108,386 shares, compared to its average volume of 109,049. Carriage Services has a fifty-two week low of $25.84 and a fifty-two week high of $46.56. The stock has a market cap of $718.76 million, a P/E ratio of 15.32, a P/E/G ratio of 0.97 and a beta of 0.88. The company's fifty day moving average is $42.70 and its 200 day moving average is $40.62. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.80 and a current ratio of 0.95.

Carriage Services (NYSE:CSV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.16. Carriage Services had a net margin of 11.50% and a return on equity of 21.96%. The business had revenue of $8.47 million for the quarter, compared to analyst estimates of $104.17 million. As a group, analysts predict that Carriage Services will post 2.5 earnings per share for the current fiscal year.

Insider Activity

In other Carriage Services news, President Steven D. Metzger sold 3,508 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $40.09, for a total transaction of $140,635.72. Following the transaction, the president owned 81,389 shares in the company, valued at $3,262,885.01. This represents a 4.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 9,000 shares of company stock worth $362,141. Corporate insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its position in shares of Carriage Services by 1,736.0% during the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company's stock worth $36,000 after acquiring an additional 868 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Carriage Services in the 4th quarter valued at $45,000. New York State Teachers Retirement System bought a new position in shares of Carriage Services in the 1st quarter valued at $48,000. US Bancorp DE bought a new position in shares of Carriage Services in the 1st quarter valued at $93,000. Finally, State of Wyoming bought a new position in shares of Carriage Services in the 1st quarter valued at $108,000. Institutional investors and hedge funds own 66.46% of the company's stock.

About Carriage Services

(Get Free Report)

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.

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