Carriage Services (NYSE:CSV) had its target price increased by Sidoti from $29.00 to $35.00 in a research report issued to clients and investors on Tuesday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the stock. Sidoti’s target price indicates a potential upside of 40.17% from the stock’s previous close.
A number of other analysts have also recently commented on CSV. Barrington Research lifted their target price on Carriage Services from $26.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Zacks Investment Research lowered shares of Carriage Services from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, ValuEngine cut shares of Carriage Services from a “buy” rating to a “hold” rating in a report on Friday, September 27th.
Shares of CSV opened at $24.97 on Tuesday. The stock has a 50 day moving average price of $23.72 and a 200 day moving average price of $21.16. Carriage Services has a 52-week low of $14.50 and a 52-week high of $26.84. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $428.38 million, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 1.19 and a beta of 0.65.
Carriage Services (NYSE:CSV) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.04). Carriage Services had a net margin of 3.45% and a return on equity of 9.72%. The company had revenue of $66.13 million during the quarter, compared to analysts’ expectations of $65.69 million. On average, equities analysts anticipate that Carriage Services will post 1.35 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in CSV. Renaissance Technologies LLC raised its holdings in shares of Carriage Services by 2.3% during the second quarter. Renaissance Technologies LLC now owns 1,259,600 shares of the company’s stock worth $23,945,000 after purchasing an additional 28,700 shares during the period. Vanguard Group Inc. lifted its stake in Carriage Services by 14.2% during the second quarter. Vanguard Group Inc. now owns 1,042,017 shares of the company’s stock valued at $19,809,000 after buying an additional 129,449 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Carriage Services in the second quarter worth approximately $5,624,000. Northern Trust Corp raised its holdings in shares of Carriage Services by 4.1% during the second quarter. Northern Trust Corp now owns 217,728 shares of the company’s stock valued at $4,140,000 after acquiring an additional 8,630 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Carriage Services by 18.2% during the second quarter. Bank of New York Mellon Corp now owns 148,985 shares of the company’s stock valued at $2,833,000 after acquiring an additional 22,915 shares during the period. 76.77% of the stock is currently owned by institutional investors and hedge funds.
Carriage Services Company Profile
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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