Brokerages Set Park Lawn Co. (TSE:PLC) Price Target at C$24.44

Park Lawn Co. (TSE:PLC) has been given an average recommendation of “Buy” by the six analysts that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$24.44.

A number of analysts have recently commented on the company. Stifel Nicolaus boosted their price target on Park Lawn from C$22.00 to C$26.50 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. National Bankshares upped their price objective on Park Lawn from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Acumen Capital upped their price objective on Park Lawn from C$23.00 to C$24.00 in a research report on Monday, May 13th. CIBC cut Park Lawn from a “neutral” rating to a “tender” rating and upped their price objective for the company from C$21.00 to C$26.50 in a research report on Tuesday, June 4th. Finally, Cormark upped their price objective on Park Lawn from C$24.00 to C$26.50 in a research report on Wednesday, June 5th.

Park Lawn Stock Performance

Shares of PLC opened at C$26.24 on Friday. The company has a quick ratio of 1.78, a current ratio of 1.94 and a debt-to-equity ratio of 43.09. The business’s 50 day moving average price is C$21.98 and its 200-day moving average price is C$19.59. Park Lawn has a 52 week low of C$15.48 and a 52 week high of C$26.35. The stock has a market cap of C$896.62 million, a P/E ratio of -93.71, a P/E/G ratio of 14.67 and a beta of 1.20.

Park Lawn (TSE:PLC) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$0.29 EPS for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.02. Park Lawn had a negative return on equity of 1.26% and a negative net margin of 2.10%. The firm had revenue of C$102.99 million for the quarter, compared to analysts’ expectations of C$102.11 million. Equities research analysts anticipate that Park Lawn will post 1.084724 earnings per share for the current fiscal year.

Park Lawn Company Profile

Park Lawn Corporation, together with its subsidiaries, owns and operates cemeteries, crematoriums, and funeral homes in Canada and the United States. The company primarily offers cemetery lots, mausoleum crypts, niches, monuments, caskets, urns, outer burial containers, flowers, online and video tribute, and other merchandise, as well as funeral, cemetery, and cremation services.