Carriage Services (NYSE:CSV - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Tuesday.
Separately, Barrington Research reissued an "outperform" rating and set a $50.00 price target on shares of Carriage Services in a research report on Friday, February 28th.
Check Out Our Latest Research Report on Carriage Services
Carriage Services Stock Performance
Shares of NYSE:CSV traded down $0.98 during mid-day trading on Tuesday, reaching $38.02. 130,888 shares of the company traded hands, compared to its average volume of 108,993. The company's 50 day moving average price is $40.14 and its 200-day moving average price is $37.34. The firm has a market cap of $595.01 million, a PE ratio of 17.05, a PEG ratio of 0.97 and a beta of 0.91. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59. Carriage Services has a 52 week low of $23.20 and a 52 week high of $42.75.
Carriage Services (NYSE:CSV - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.11. The company had revenue of $97.70 million for the quarter, compared to analysts' expectations of $96.72 million. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. During the same period in the previous year, the firm earned $0.77 EPS. On average, equities analysts expect that Carriage Services will post 2.5 EPS for the current fiscal year.
Institutional Investors Weigh In On Carriage Services
Hedge funds have recently bought and sold shares of the stock. FMR LLC raised its stake in shares of Carriage Services by 46.6% during the 3rd quarter. FMR LLC now owns 852 shares of the company's stock worth $28,000 after buying an additional 271 shares during the period. Johnson Financial Group Inc. purchased a new stake in Carriage Services in the 4th quarter worth $45,000. R Squared Ltd purchased a new stake in Carriage Services in the 4th quarter worth $65,000. Point72 Asset Management L.P. increased its holdings in Carriage Services by 1,074.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,697 shares of the company's stock worth $154,000 after acquiring an additional 4,297 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in Carriage Services by 217.3% in the 4th quarter. Quantbot Technologies LP now owns 4,982 shares of the company's stock worth $199,000 after acquiring an additional 3,412 shares in the last quarter. Hedge funds and other institutional investors own 66.46% of the company's stock.
Carriage Services Company Profile
(
Get Free Report)
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.
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