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

Carriage Services (NYSE:CSV)‘s stock had its “outperform” rating reiterated by analysts at Barrington Research in a research report issued on Monday,Benzinga reports. They currently have a $60.00 target price on the stock. Barrington Research’s price target would indicate a potential upside of 42.53% from the company’s current price.

Several other equities research analysts also recently commented on the stock. Zacks Research downgraded shares of Carriage Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. B. Riley reissued a “buy” rating and issued a $65.00 price target (up previously from $52.00) on shares of Carriage Services in a report on Friday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Carriage Services in a research report on Tuesday, November 25th. Finally, Raymond James Financial assumed coverage on Carriage Services in a report on Wednesday, October 1st. They set an “outperform” rating and a $60.00 target price on the stock. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Carriage Services Stock Performance

Carriage Services stock opened at $42.10 on Monday. The company has a market cap of $662.61 million, a PE ratio of 13.54, a PEG ratio of 0.87 and a beta of 0.96. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 2.23. Carriage Services has a 1 year low of $35.51 and a 1 year high of $49.41. The company’s 50-day moving average is $43.79 and its two-hundred day moving average is $44.48.

Carriage Services (NYSE:CSV) last released its earnings results on Wednesday, November 5th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.03. The firm had revenue of $102.74 million for the quarter, compared to analyst estimates of $100.96 million. Carriage Services had a return on equity of 21.39% and a net margin of 11.98%.Carriage Services has set its FY 2025 guidance at 3.250-3.300 EPS. Equities analysts anticipate that Carriage Services will post 2.5 earnings per share for the current year.

Institutional Trading of Carriage Services

A number of hedge funds have recently modified their holdings of CSV. Caitong International Asset Management Co. Ltd acquired a new position in Carriage Services in the 3rd quarter valued at about $29,000. Advisory Services Network LLC acquired a new stake in Carriage Services during the third quarter worth approximately $88,000. PharVision Advisers LLC bought a new stake in shares of Carriage Services during the third quarter worth approximately $321,000. Verition Fund Management LLC boosted its holdings in shares of Carriage Services by 11.3% during the third quarter. Verition Fund Management LLC now owns 5,407 shares of the company’s stock worth $241,000 after acquiring an additional 548 shares during the period. Finally, Quarry LP acquired a new position in shares of Carriage Services in the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 66.46% of the company’s stock.

Carriage Services Company Profile

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.