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

Carriage Services (NYSE:CSV)‘s stock had its “outperform” rating restated by analysts at Barrington Research in a note issued to investors on Monday,Benzinga reports. They presently have a $50.00 target price on the stock. Barrington Research’s target price would suggest a potential upside of 21.68% from the stock’s previous close.

Carriage Services Trading Up 0.6 %

NYSE CSV opened at $41.09 on Monday. Carriage Services has a 12 month low of $23.20 and a 12 month high of $42.67. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59. The company has a 50-day moving average of $40.14 and a 200-day moving average of $36.03. The company has a market cap of $625.41 million, a P/E ratio of 18.43, a P/E/G ratio of 0.98 and a beta of 0.92.

Hedge Funds Weigh In On Carriage Services

Hedge funds and other institutional investors have recently modified their holdings of the company. Values First Advisors Inc. lifted its position in Carriage Services by 1.6% during the fourth quarter. Values First Advisors Inc. now owns 17,498 shares of the company’s stock valued at $697,000 after buying an additional 270 shares in the last quarter. FMR LLC lifted its holdings in shares of Carriage Services by 46.6% during the 3rd quarter. FMR LLC now owns 852 shares of the company’s stock valued at $28,000 after acquiring an additional 271 shares in the last quarter. Versor Investments LP boosted its position in Carriage Services by 6.3% during the 4th quarter. Versor Investments LP now owns 8,387 shares of the company’s stock worth $334,000 after purchasing an additional 500 shares during the period. Principal Financial Group Inc. increased its holdings in Carriage Services by 8.8% in the 4th quarter. Principal Financial Group Inc. now owns 7,700 shares of the company’s stock valued at $307,000 after purchasing an additional 624 shares in the last quarter. Finally, Hillsdale Investment Management Inc. lifted its stake in shares of Carriage Services by 1.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 61,486 shares of the company’s stock worth $2,450,000 after purchasing an additional 800 shares in the last quarter. 66.46% of the stock is owned by institutional investors and hedge funds.

About Carriage Services

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.