Park Lawn Co. (TSE:PLC) Receives Average Rating of “Buy” from Brokerages

Shares of Park Lawn Co. (TSE:PLC) have been assigned an average recommendation of “Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have covered the stock in the last year is C$24.44.

Several analysts have weighed in on PLC shares. Acumen Capital raised their price target on Park Lawn from C$23.00 to C$24.00 in a report on Monday, May 13th. Stifel Nicolaus raised their price target on Park Lawn from C$22.00 to C$26.50 and gave the company a “buy” rating in a report on Tuesday, June 4th. CIBC cut Park Lawn from a “neutral” rating to a “tender” rating and raised their price target for the company from C$21.00 to C$26.50 in a report on Tuesday, June 4th. Cormark raised their price target on Park Lawn from C$24.00 to C$26.50 in a report on Wednesday, June 5th. Finally, National Bankshares raised their price target on Park Lawn from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th.

Park Lawn Price Performance

Shares of PLC opened at C$26.47 on Thursday. Park Lawn has a 52-week low of C$15.48 and a 52-week high of C$26.48. The company has a debt-to-equity ratio of 43.09, a quick ratio of 1.78 and a current ratio of 1.94. The business’s 50 day moving average price is C$24.99 and its two-hundred day moving average price is C$20.40. The firm has a market cap of C$904.48 million, a PE ratio of -94.54, a price-to-earnings-growth ratio of 14.67 and a beta of 1.20.

Park Lawn (TSE:PLC) last issued its earnings results on Thursday, May 9th. The company reported C$0.29 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.02. Park Lawn had a negative return on equity of 1.26% and a negative net margin of 2.10%. The company had revenue of C$102.99 million for the quarter, compared to analyst estimates of C$102.11 million. On average, equities analysts anticipate that Park Lawn will post 1.084724 EPS for the current year.

About Park Lawn

Park Lawn Corporation, together with its subsidiaries, owns and operates cemeteries, crematoriums, and funeral homes in Canada and the United States. The company primarily offers cemetery lots, mausoleum crypts, niches, monuments, caskets, urns, outer burial containers, flowers, online and video tribute, and other merchandise, as well as funeral, cemetery, and cremation services.