Carriage Services, Inc. (NYSE:CSV) has received a consensus rating of "Hold" from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $32.00.
A number of equities analysts have commented on CSV shares. Barrington Research reaffirmed an "outperform" rating and issued a $34.00 price objective (up previously from $30.00) on shares of Carriage Services in a report on Wednesday, October 28th. They noted that the move was a valuation call. BidaskClub raised shares of Carriage Services from a "hold" rating to a "buy" rating in a report on Saturday, December 12th. Zacks Investment Research downgraded shares of Carriage Services from a "buy" rating to a "hold" rating in a report on Tuesday, December 29th. Finally, ValuEngine downgraded shares of Carriage Services from a "hold" rating to a "sell" rating in a report on Wednesday, December 23rd.
In other Carriage Services news, VP Paul Donald Elliott sold 1,217 shares of the company's stock in a transaction on Wednesday, December 16th. The stock was sold at an average price of $29.12, for a total value of $35,439.04. Also, CEO Melvin C. Payne purchased 29,000 shares of the stock in a transaction on Wednesday, December 9th. The stock was bought at an average price of $30.02 per share, for a total transaction of $870,580.00. Following the completion of the transaction, the chief executive officer now directly owns 1,269,409 shares of the company's stock, valued at $38,107,658.18. The disclosure for this purchase can be found here. In the last three months, insiders have sold 3,333 shares of company stock valued at $98,102. Corporate insiders own 11.80% of the company's stock.
Institutional investors have recently bought and sold shares of the stock. Federated Hermes Inc. lifted its position in Carriage Services by 53.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,426 shares of the company's stock valued at $26,000 after acquiring an additional 499 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Carriage Services by 525.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,847 shares of the company's stock worth $86,000 after buying an additional 3,232 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in Carriage Services in the 3rd quarter worth $204,000. AQR Capital Management LLC purchased a new stake in Carriage Services in the 2nd quarter worth $206,000. Finally, Bank of America Corp DE increased its stake in Carriage Services by 49.3% in the 2nd quarter. Bank of America Corp DE now owns 13,479 shares of the company's stock worth $244,000 after buying an additional 4,453 shares in the last quarter. Institutional investors and hedge funds own 66.33% of the company's stock.
Shares of NYSE:CSV opened at $31.81 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 1.72. The company has a fifty day simple moving average of $29.58 and a 200 day simple moving average of $23.94. The firm has a market cap of $571.63 million, a PE ratio of 54.85, a price-to-earnings-growth ratio of 1.13 and a beta of 0.82. Carriage Services has a 12-month low of $13.54 and a 12-month high of $32.02.
Carriage Services (NYSE:CSV) last released its quarterly earnings data on Sunday, November 1st. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.20. The firm had revenue of $84.39 million during the quarter, compared to the consensus estimate of $74.00 million. Carriage Services had a net margin of 3.32% and a return on equity of 12.41%. As a group, equities research analysts forecast that Carriage Services will post 1.82 EPS for the current fiscal year.
About Carriage Services
Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services.
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7 Stocks to Buy In January
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