Carriage Services (NYSE:CSV) Rating Lowered to Strong Sell at Zacks Research

Carriage Services (NYSE:CSV) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Roth Capital set a $46.00 price target on shares of Carriage Services in a report on Friday, August 7th. Weiss Ratings lowered Carriage Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Raymond James Financial set a $50.00 price target on Carriage Services in a report on Friday, August 7th. Finally, Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of Carriage Services in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Carriage Services presently has a consensus rating of “Hold” and an average target price of $52.00.

Carriage Services Trading Up 0.7%

CSV opened at $33.88 on Tuesday. The firm has a market cap of $537.68 million, a P/E ratio of 12.14, a P/E/G ratio of 0.66 and a beta of 0.84. Carriage Services has a 12 month low of $33.33 and a 12 month high of $52.10. The company has a current ratio of 1.46, a quick ratio of 1.29 and a debt-to-equity ratio of 1.92. The stock has a 50-day moving average of $38.38 and a 200 day moving average of $42.46.

Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.04). The company had revenue of $102.95 million during the quarter, compared to the consensus estimate of $108.91 million. Carriage Services had a net margin of 10.69% and a return on equity of 19.23%. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. As a group, research analysts forecast that Carriage Services will post 3.38 EPS for the current year.

Institutional Trading of Carriage Services

Large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in Carriage Services during the 2nd quarter worth $42,164,000. Vanguard Group Inc. lifted its holdings in shares of Carriage Services by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,021,161 shares of the company’s stock worth $45,483,000 after buying an additional 38,738 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Carriage Services by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 610,346 shares of the company’s stock worth $27,867,000 after buying an additional 3,520 shares during the period. Ameriprise Financial Inc. grew its position in shares of Carriage Services by 0.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 480,788 shares of the company’s stock worth $21,414,000 after buying an additional 3,550 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Carriage Services by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 386,018 shares of the company’s stock worth $16,333,000 after buying an additional 5,870 shares in the last quarter. Hedge funds and other institutional investors own 66.46% of the company’s stock.

About Carriage Services

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.