Carriage Services' (CSV) "Outperform" Rating Reiterated at Barrington Research

Carriage Services (NYSE:CSV - Get Free Report)'s stock had its "outperform" rating reissued by research analysts at Barrington Research in a research note issued to investors on Monday,Benzinga reports. They presently have a $50.00 price objective on the stock. Barrington Research's target price suggests a potential upside of 18.01% from the company's current price.

Carriage Services Stock Up 3.9 %

Shares of CSV traded up $1.57 during trading hours on Monday, reaching $42.37. The stock had a trading volume of 94,325 shares, compared to its average volume of 139,992. The firm has a 50-day simple moving average of $40.14 and a 200 day simple moving average of $36.06. Carriage Services has a 12 month low of $23.20 and a 12 month high of $42.73. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $644.89 million, a price-to-earnings ratio of 19.07, a P/E/G ratio of 0.98 and a beta of 0.92.

Institutional Investors Weigh In On Carriage Services

A number of institutional investors and hedge funds have recently made changes to their positions in CSV. FMR LLC increased its holdings in Carriage Services by 46.6% during the 3rd quarter. FMR LLC now owns 852 shares of the company's stock worth $28,000 after purchasing an additional 271 shares in the last quarter. R Squared Ltd purchased a new position in shares of Carriage Services during the fourth quarter valued at approximately $65,000. Point72 Asset Management L.P. grew its holdings in Carriage Services by 1,074.3% during the third quarter. Point72 Asset Management L.P. now owns 4,697 shares of the company's stock worth $154,000 after buying an additional 4,297 shares in the last quarter. Quantbot Technologies LP raised its position in Carriage Services by 217.3% in the 4th quarter. Quantbot Technologies LP now owns 4,982 shares of the company's stock valued at $199,000 after buying an additional 3,412 shares during the last quarter. Finally, Polymer Capital Management US LLC bought a new position in Carriage Services during the 4th quarter valued at $202,000. Institutional investors and hedge funds own 66.46% 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 in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.