Analysts Set Park Lawn Corp (TSE:PLC) Price Target at C$32.79

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Park Lawn Corp (TSE:PLC) has received a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$32.79.

Several brokerages have recently weighed in on PLC. CIBC downgraded Park Lawn from an “outperform” rating to a “neutral” rating and set a C$30.00 price target on the stock. in a report on Tuesday, November 5th. National Bank Financial boosted their price objective on Park Lawn from C$31.50 to C$33.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. TD Securities upped their price objective on Park Lawn from C$33.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Raymond James reaffirmed an “outperform” rating and issued a C$33.00 price objective on shares of Park Lawn in a research report on Friday, November 15th. Finally, Canaccord Genuity increased their target price on Park Lawn from C$30.00 to C$31.00 in a research note on Wednesday, August 14th.

Park Lawn stock opened at C$30.41 on Friday. The company has a debt-to-equity ratio of 27.29, a current ratio of 2.31 and a quick ratio of 1.90. The firm has a market capitalization of $878.52 million and a P/E ratio of 94.15. Park Lawn has a 1-year low of C$20.80 and a 1-year high of C$30.62. The company’s 50-day moving average is C$29.05 and its 200 day moving average is C$27.98.

Park Lawn (TSE:PLC) last announced its earnings results on Tuesday, November 12th. The company reported C$0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.23 by C($0.01). The business had revenue of C$66.58 million during the quarter, compared to analyst estimates of C$67.17 million. Research analysts anticipate that Park Lawn will post 1.0700001 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Saturday, November 30th will be issued a dividend of $0.038 per share. The ex-dividend date is Thursday, November 28th. This represents a $0.46 dividend on an annualized basis and a yield of 1.50%. Park Lawn’s payout ratio is 141.18%.

Park Lawn Company Profile

Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in North America. The company owns and operates cemeteries, crematoriums, and funeral homes. It also offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral services and after life celebration services.

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Analyst Recommendations for Park Lawn (TSE:PLC)

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