Carriage Services, Inc. (NYSE:CSV) Given Average Recommendation of “Buy” by Analysts

Carriage Services, Inc. (NYSE:CSVGet Rating) has been assigned a consensus rating of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $66.40.

A number of brokerages have recently weighed in on CSV. Zacks Investment Research upgraded Carriage Services from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Friday, April 29th. StockNews.com assumed coverage on Carriage Services in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Barrington Research increased their price objective on Carriage Services from $60.00 to $65.00 in a report on Thursday, February 24th.

Shares of CSV opened at $38.68 on Thursday. The company has a market capitalization of $575.91 million, a price-to-earnings ratio of 17.99, a P/E/G ratio of 0.73 and a beta of 1.13. Carriage Services has a fifty-two week low of $34.10 and a fifty-two week high of $66.33. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.80 and a quick ratio of 0.64. The business’s 50-day moving average is $49.37 and its 200-day moving average is $52.21.

Carriage Services (NYSE:CSVGet Rating) last issued its earnings results on Wednesday, April 27th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.01. Carriage Services had a return on equity of 33.07% and a net margin of 9.71%. During the same period in the prior year, the business posted $0.81 EPS. Equities research analysts expect that Carriage Services will post 3.6 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Monday, May 9th will be issued a dividend of $0.112 per share. The ex-dividend date of this dividend is Friday, May 6th. This represents a $0.45 annualized dividend and a yield of 1.16%. Carriage Services’s dividend payout ratio (DPR) is presently 20.93%.

In other news, insider Adeola Olaniyan sold 526 shares of the stock in a transaction that occurred on Sunday, February 20th. The stock was sold at an average price of $49.49, for a total value of $26,031.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Shawn R. Phillips sold 1,201 shares of the stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $51.16, for a total value of $61,443.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,322 shares of company stock worth $119,998. Corporate insiders own 11.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its position in shares of Carriage Services by 55.8% in the first quarter. Royal Bank of Canada now owns 25,366 shares of the company’s stock valued at $1,353,000 after acquiring an additional 9,081 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Carriage Services in the first quarter worth $1,073,000. Engineers Gate Manager LP bought a new position in Carriage Services in the first quarter worth $261,000. UBS Group AG lifted its position in Carriage Services by 6.4% in the first quarter. UBS Group AG now owns 141,641 shares of the company’s stock worth $7,553,000 after purchasing an additional 8,514 shares during the period. Finally, Hsbc Holdings PLC bought a new position in Carriage Services in the first quarter worth $356,000. 78.69% of the stock is owned by institutional investors.

About Carriage Services (Get Rating)

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 engages in the provision of consultation, funeral home facilities for visitation and memorial services, and transportation services; removal and preparation of remains; and sale of burial and cremation services, and related merchandise, such as caskets and urns.

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