Carriage Services (NYSE:CSV) Earns “Outperform” Rating from Barrington Research

Carriage Services (NYSE:CSV)‘s stock had its “outperform” rating restated by equities research analysts at Barrington Research in a research note issued on Monday,Benzinga reports. They currently have a $60.00 price target on the stock. Barrington Research’s price target would suggest a potential upside of 41.32% from the company’s current price.

Several other research firms have also commented on CSV. Raymond James Financial started coverage on Carriage Services in a research report on Wednesday, October 1st. They issued an “outperform” rating and a $60.00 price target for the company. Zacks Research cut shares of Carriage Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Carriage Services in a report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Carriage Services has a consensus rating of “Moderate Buy” and an average target price of $59.00.

Carriage Services Stock Up 1.3%

Shares of CSV stock opened at $42.46 on Monday. Carriage Services has a 12 month low of $35.51 and a 12 month high of $49.41. The company has a 50 day simple moving average of $42.51 and a two-hundred day simple moving average of $44.27. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 2.23. The stock has a market cap of $668.29 million, a P/E ratio of 13.65, a P/E/G ratio of 0.81 and a beta of 0.94.

Carriage Services (NYSE:CSV) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The firm had revenue of $102.74 million during the quarter, compared to analysts’ expectations of $100.96 million. Carriage Services had a net margin of 11.98% and a return on equity of 21.39%. Carriage Services has set its FY 2025 guidance at 3.250-3.300 EPS. On average, research analysts expect that Carriage Services will post 2.5 earnings per share for the current year.

Institutional Investors Weigh In On Carriage Services

A number of hedge funds have recently made changes to their positions in the stock. Inspire Investing LLC acquired a new position in Carriage Services during the 2nd quarter valued at about $878,000. Assenagon Asset Management S.A. acquired a new stake in Carriage Services in the third quarter worth about $3,870,000. Janney Montgomery Scott LLC purchased a new stake in shares of Carriage Services during the second quarter worth about $435,000. Hsbc Holdings PLC acquired a new position in shares of Carriage Services during the second quarter valued at about $1,558,000. Finally, R Squared Ltd acquired a new position in shares of Carriage Services during the second quarter valued at about $259,000. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

About Carriage Services

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.