Carriage Services (NYSE:CSV) Rating Increased to Buy at StockNews.com

Carriage Services (NYSE:CSV - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Monday.

Separately, Barrington Research restated an "outperform" rating and set a $50.00 price target on shares of Carriage Services in a research note on Friday, February 28th.

Carriage Services Stock Up 0.6 %

CSV stock traded up $0.22 during midday trading on Monday, reaching $38.74. 107,193 shares of the company were exchanged, compared to its average volume of 108,578. The stock's 50-day simple moving average is $40.21 and its 200 day simple moving average is $37.11. Carriage Services has a 1-year low of $23.20 and a 1-year high of $42.75. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.59 and a current ratio of 0.72. The company has a market cap of $589.74 million, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92.

Carriage Services (NYSE:CSV - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.51 by $0.11. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. The firm had revenue of $97.70 million for the quarter, compared to analyst estimates of $96.72 million. During the same period last year, the business earned $0.77 EPS. On average, equities analysts forecast that Carriage Services will post 2.5 earnings per share for the current year.

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Institutional Investors Weigh In On Carriage Services

Institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Management LLC increased its position in Carriage Services by 3.1% in the 4th quarter. MetLife Investment Management LLC now owns 8,223 shares of the company's stock valued at $328,000 after acquiring an additional 246 shares during the period. Values First Advisors Inc. grew its stake in shares of Carriage Services by 1.6% in the 4th quarter. Values First Advisors Inc. now owns 17,498 shares of the company's stock valued at $697,000 after purchasing an additional 270 shares during the last quarter. FMR LLC increased its holdings in shares of Carriage Services by 46.6% in the third quarter. FMR LLC now owns 852 shares of the company's stock valued at $28,000 after purchasing an additional 271 shares during the period. Versor Investments LP raised its stake in shares of Carriage Services by 6.3% during the fourth quarter. Versor Investments LP now owns 8,387 shares of the company's stock worth $334,000 after purchasing an additional 500 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings in shares of Carriage Services by 7.9% during the fourth quarter. Jump Financial LLC now owns 8,200 shares of the company's stock worth $327,000 after purchasing an additional 600 shares during the period. 66.46% of the stock is owned by hedge funds and other institutional investors.

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.