Carriage Services’ (CSV) Outperform Rating Reaffirmed at Barrington Research

Carriage Services (NYSE:CSV)‘s stock had its “outperform” rating reiterated by Barrington Research in a research note issued on Friday,Benzinga reports. They currently have a $50.00 target price on the stock. Barrington Research’s target price indicates a potential upside of 25.57% from the company’s current price.

Carriage Services Trading Down 3.3 %

NYSE CSV opened at $39.82 on Friday. The stock has a market cap of $606.18 million, a P/E ratio of 17.86, a PEG ratio of 0.97 and a beta of 0.92. The company’s fifty day simple moving average is $40.33 and its 200-day simple moving average is $36.81. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 2.03. Carriage Services has a 52 week low of $23.20 and a 52 week high of $42.75.

Carriage Services (NYSE:CSV) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.11. The firm had revenue of $97.70 million for the quarter, compared to analyst estimates of $96.72 million. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. During the same quarter in the previous year, the business posted $0.77 EPS. Equities research analysts predict that Carriage Services will post 2.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Carriage Services

Several hedge funds and other institutional investors have recently bought and sold shares of CSV. MetLife Investment Management LLC grew its position in shares of Carriage Services by 3.1% during the fourth quarter. MetLife Investment Management LLC now owns 8,223 shares of the company’s stock worth $328,000 after buying an additional 246 shares in the last quarter. Values First Advisors Inc. boosted its stake in Carriage Services by 1.6% during the 4th quarter. Values First Advisors Inc. now owns 17,498 shares of the company’s stock valued at $697,000 after acquiring an additional 270 shares during the last quarter. FMR LLC grew its holdings in Carriage Services by 46.6% during the 3rd quarter. FMR LLC now owns 852 shares of the company’s stock worth $28,000 after acquiring an additional 271 shares in the last quarter. Versor Investments LP increased its position in shares of Carriage Services by 6.3% in 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 last quarter. Finally, Jump Financial LLC increased its position in shares of Carriage Services by 7.9% in the 4th quarter. Jump Financial LLC now owns 8,200 shares of the company’s stock worth $327,000 after purchasing an additional 600 shares during the last quarter. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

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.