Park Lawn Co. (TSE:PLC) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Park Lawn Co. (TSE:PLC - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$22.63.

Several research firms recently issued reports on PLC. National Bankshares cut their price objective on Park Lawn from C$22.00 to C$21.00 in a report on Wednesday, March 13th. CIBC cut their price objective on Park Lawn from C$21.00 to C$20.00 in a report on Monday, March 11th. Finally, Royal Bank of Canada cut their price objective on Park Lawn from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a report on Tuesday, March 5th.

Park Lawn Trading Up 3.8 %

Shares of Park Lawn stock traded up C$0.61 during trading hours on Tuesday, hitting C$16.70. The company's stock had a trading volume of 83,263 shares, compared to its average volume of 81,063. The company has a debt-to-equity ratio of 44.35, a quick ratio of 1.78 and a current ratio of 1.70. The stock has a market cap of C$566.97 million, a price-to-earnings ratio of -55.67, a P/E/G ratio of 14.67 and a beta of 1.22. Park Lawn has a twelve month low of C$15.48 and a twelve month high of C$27.42. The firm has a fifty day moving average of C$17.82 and a 200-day moving average of C$18.04.

Park Lawn (TSE:PLC - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported C$0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.28 by C$0.06. The firm had revenue of C$119.93 million for the quarter, compared to the consensus estimate of C$120.07 million. Park Lawn had a negative return on equity of 1.40% and a negative net margin of 2.23%. Research analysts forecast that Park Lawn will post 1.0915631 EPS for the current year.

Park Lawn Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.114 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.73%. Park Lawn's payout ratio is currently -153.33%.

About Park Lawn

Park Lawn Corporation, together with its subsidiaries, owns and operates cemeteries, crematoriums, and funeral homes in Canada and the United States. The company primarily offers cemetery lots, mausoleum crypts, niches, monuments, caskets, urns, outer burial containers, flowers, online and video tribute, and other merchandise, as well as funeral, cemetery, and cremation services.