Park Lawn Co. (TSE:PLC) Senior Officer William Clark Harlow Sells 1,190 Shares

Park Lawn Co. (TSE:PLC) Senior Officer William Clark Harlow sold 1,190 shares of Park Lawn stock in a transaction that occurred on Friday, September 17th. The stock was sold at an average price of C$37.78, for a total transaction of C$44,953.56. Following the completion of the transaction, the insider now directly owns 4,562 shares in the company, valued at approximately C$172,334.57.

TSE:PLC opened at C$37.49 on Wednesday. The company has a market cap of C$1.27 billion and a PE ratio of 39.46. Park Lawn Co. has a twelve month low of C$26.44 and a twelve month high of C$38.54. The company has a current ratio of 1.93, a quick ratio of 1.51 and a debt-to-equity ratio of 48.74. The company’s 50 day moving average is C$35.95 and its two-hundred day moving average is C$33.95.

Park Lawn (TSE:PLC) last released its quarterly earnings data on Thursday, August 12th. The company reported C$0.35 EPS for the quarter, beating the consensus estimate of C$0.34 by C$0.01. The business had revenue of C$88.43 million during the quarter, compared to analysts’ expectations of C$94.27 million. As a group, analysts expect that Park Lawn Co. will post 1.63 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which was paid on Sunday, August 15th. Stockholders of record on Saturday, July 31st were issued a $0.038 dividend. This represents a $0.46 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, July 29th. Park Lawn’s dividend payout ratio (DPR) is currently 48.00%.

A number of research analysts have recently issued reports on the stock. TD Securities lifted their price objective on shares of Park Lawn from C$38.00 to C$42.00 and gave the stock a “buy” rating in a research report on Monday, August 16th. Royal Bank of Canada lifted their price objective on shares of Park Lawn from C$46.00 to C$50.00 and gave the stock a “na” rating in a research report on Monday, September 13th. Scotiabank boosted their target price on shares of Park Lawn from C$39.00 to C$43.00 in a research report on Monday, August 16th. National Bank Financial boosted their target price on shares of Park Lawn from C$43.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Friday, August 13th. Finally, National Bankshares boosted their target price on shares of Park Lawn from C$43.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Friday, August 13th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Park Lawn currently has an average rating of “Buy” and a consensus price target of C$43.56.

Park Lawn Company Profile

Park Lawn Corporation, together with its subsidiaries, provides funeral, cremation, and cemetery services in Canada and the United States. The company owns and operates 123 cemeteries, 40 crematoriums, and 116 funeral homes. It primarily 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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