Carriage Services Rating Increased to Outperform at Zacks (CSV)
Carriage Services (NYSE:CSV) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Friday. The firm currently has a $18.90 price target on the stock. Zacks‘s price target suggests a potential upside of 7.45% from the company’s current price.
A number of other firms have also recently commented on CSV. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Carriage Services in a research note on Thursday. They now have a $22.00 price target on the stock, up previously from $20.00. Analysts at Sidoti initiated coverage on shares of Carriage Services in a research note on Wednesday, May 14th. They set a “buy” rating on the stock.
Shares of Carriage Services (NYSE:CSV) traded down 0.73% during mid-day trading on Friday, hitting $17.59. 85,433 shares of the company’s stock traded hands. Carriage Services has a 52 week low of $15.25 and a 52 week high of $22.48. The stock has a 50-day moving average of $16.69 and a 200-day moving average of $17.99. The company has a market cap of $325.4 million and a price-to-earnings ratio of 21.15.
Carriage Services (NYSE:CSV) last announced its earnings results on Tuesday, August 5th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.03. The company had revenue of $56.50 million for the quarter, compared to the consensus estimate of $56.58 million. Analysts expect that Carriage Services will post $1.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, August 13th.
Carriage Services, Inc (NYSE:CSV) is a provider of death care services and merchandise in the United States.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.