Carriage Services (NYSE:CSV) Stock Rating Lowered by StockNews.com

Carriage Services (NYSE:CSV) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

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

Carriage Services Price Performance

Shares of NYSE CSV opened at $37.55 on Tuesday. Carriage Services has a fifty-two week low of $23.20 and a fifty-two week 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 $587.63 million, a PE ratio of 16.84, a P/E/G ratio of 0.97 and a beta of 0.91. The business has a 50-day simple moving average of $40.10 and a two-hundred day simple moving average of $37.34.

Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.62 EPS for the quarter, beating 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 business had revenue of $97.70 million for the quarter, compared to the consensus estimate of $96.72 million. During the same period in the prior year, the firm earned $0.77 EPS. As a group, equities analysts expect that Carriage Services will post 2.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Carriage Services

Several large investors have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in Carriage Services by 46.6% in the third quarter. FMR LLC now owns 852 shares of the company’s stock worth $28,000 after acquiring an additional 271 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Carriage Services during the fourth quarter worth $45,000. R Squared Ltd purchased a new position in Carriage Services in the fourth quarter valued at $65,000. Point72 Asset Management L.P. lifted its holdings in Carriage Services by 1,074.3% during the 3rd 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 during the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of Carriage Services by 217.3% during 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. 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.