Park Lawn (TSE:PLC) had its price objective lowered by equities research analysts at National Bank Financial from C$33.00 to C$31.50 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 14.59% from the stock’s current price.
PLC has been the topic of a number of other research reports. CIBC increased their target price on Park Lawn from C$30.00 to C$32.00 in a research note on Thursday, May 9th. GMP Securities reissued an “average” rating and issued a C$36.00 target price on shares of Park Lawn in a research note on Monday, May 13th. TD Securities increased their target price on Park Lawn from C$31.00 to C$33.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Finally, Raymond James set a C$32.00 target price on Park Lawn and gave the company a “strong-buy” rating in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. Park Lawn has a consensus rating of “Buy” and a consensus target price of C$32.29.
PLC traded down C$0.54 during trading on Wednesday, reaching C$27.49. The stock had a trading volume of 58,268 shares, compared to its average volume of 80,425. The stock has a market capitalization of $792.94 million and a PE ratio of 74.07. The company has a current ratio of 2.56, a quick ratio of 2.02 and a debt-to-equity ratio of 25.24. Park Lawn has a one year low of C$20.25 and a one year high of C$29.94. The firm’s 50-day moving average is C$28.19.
Park Lawn (TSE:PLC) last released its earnings results on Tuesday, May 14th. The company reported C$0.22 EPS for the quarter, meeting the Zacks’ consensus estimate of C$0.22. The firm had revenue of C$50.15 million during the quarter, compared to the consensus estimate of C$51.08 million. On average, analysts forecast that Park Lawn will post 1.23 earnings per share for the current fiscal year.
Park Lawn Company Profile
Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in North America. The company owns and operates cemeteries, crematoriums, and funeral homes. It also offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral services and after life celebration services.
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