Carriage Services (NYSE:CSV) Price Target Raised to $35.00 at Sidoti

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Carriage Services (NYSE:CSV) had its target price hoisted by Sidoti from $29.00 to $35.00 in a report released on Tuesday morning, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the stock.

CSV has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Carriage Services from a buy rating to a hold rating in a research report on Monday, November 4th. Barrington Research lifted their price target on shares of Carriage Services from $26.00 to $30.00 and gave the stock an outperform rating in a research report on Wednesday, October 30th. Finally, ValuEngine downgraded shares of Carriage Services from a buy rating to a hold rating in a research note on Friday, September 27th.

NYSE CSV opened at $25.40 on Tuesday. The stock has a market capitalization of $428.38 million, a P/E ratio of 21.71, a price-to-earnings-growth ratio of 1.19 and a beta of 0.65. Carriage Services has a 52 week low of $14.50 and a 52 week high of $26.84. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a fifty day moving average of $23.80 and a 200-day moving average of $21.19.

Carriage Services (NYSE:CSV) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.04). The firm had revenue of $66.13 million for the quarter, compared to analyst estimates of $65.69 million. Carriage Services had a net margin of 3.45% and a return on equity of 9.72%. Equities research analysts forecast that Carriage Services will post 1.35 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 11th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, November 7th. Carriage Services’s dividend payout ratio (DPR) is currently 25.64%.

Several large investors have recently bought and sold shares of the company. First Trust Advisors LP grew its stake in shares of Carriage Services by 13.3% during the first quarter. First Trust Advisors LP now owns 30,163 shares of the company’s stock worth $581,000 after purchasing an additional 3,548 shares during the period. Balter Liquid Alternatives LLC raised its position in shares of Carriage Services by 11.9% in the 2nd quarter. Balter Liquid Alternatives LLC now owns 8,491 shares of the company’s stock valued at $161,000 after acquiring an additional 904 shares during the period. Teton Advisors Inc. raised its position in shares of Carriage Services by 115.4% in the 2nd quarter. Teton Advisors Inc. now owns 42,000 shares of the company’s stock valued at $798,000 after acquiring an additional 22,500 shares during the period. Acadian Asset Management LLC increased its stake in Carriage Services by 17.4% in the second quarter. Acadian Asset Management LLC now owns 39,245 shares of the company’s stock valued at $745,000 after purchasing an additional 5,820 shares in the last quarter. Finally, LSV Asset Management raised its holdings in Carriage Services by 8.1% in the second quarter. LSV Asset Management now owns 119,600 shares of the company’s stock worth $2,273,000 after purchasing an additional 9,000 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Carriage Services Company Profile

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 offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services.

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