Carriage Services Inc. (CSV) Shares Up 1.7%
Carriage Services Inc. (NYSE:CSV) shares shot up 1.7% on Wednesday . The stock traded as high as $24.61 and last traded at $24.58, with a volume of 80,181 shares traded. The stock had previously closed at $24.16.
A number of research analysts have commented on the company. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Carriage Services in a research note on Tuesday, April 26th. Zacks Investment Research upgraded Carriage Services from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Wednesday, April 27th. Barrington Research increased their price objective on Carriage Services from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, April 26th. Finally, Sidoti assumed coverage on Carriage Services in a research note on Friday, April 22nd. They issued a “buy” rating and a $34.00 price objective on the stock.
The company has a market cap of $404.11 million and a price-to-earnings ratio of 23.21. The stock’s 50 day moving average is $23.20 and its 200 day moving average is $22.35.
Carriage Services (NYSE:CSV) last released its earnings results on Monday, April 25th. The company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.01. The firm earned $63.30 million during the quarter, compared to analysts’ expectations of $63.67 million. The firm’s quarterly revenue was up .0% on a year-over-year basis. On average, equities analysts anticipate that Carriage Services Inc. will post $1.73 EPS for the current year.
In other news, insider Carl Benjamin Brink bought 1,200 shares of the stock in a transaction on Wednesday, June 1st. The stock was purchased at an average cost of C$23.54 per share, with a total value of C$28,248.00. Following the purchase, the insider now owns 5,999 shares of the company’s stock, valued at C$141,216.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President David J. Decarlo bought 10,000 shares of the stock in a transaction on Friday, June 17th. The stock was purchased at an average cost of C$22.51 per share, with a total value of C$225,100.00. Following the completion of the purchase, the president now directly owns 106,047 shares in the company, valued at approximately C$2,387,117.97. The disclosure for this purchase can be found here.
Other hedge funds have recently added to or reduced their stakes in the company. Hodges Capital Management Inc. boosted its stake in Carriage Services by 8.7% in the fourth quarter. Hodges Capital Management Inc. now owns 149,283 shares of the company’s stock valued at $3,598,000 after buying an additional 11,970 shares during the last quarter. Bank of Montreal Can boosted its stake in Carriage Services by 4,092.7% in the fourth quarter. Bank of Montreal Can now owns 313,028 shares of the company’s stock valued at $7,544,000 after buying an additional 305,562 shares during the last quarter. Finally, Boston Partners purchased a new stake in Carriage Services during the fourth quarter valued at approximately $2,172,000.
Carriage Services, Inc (Carriage) is a provider of death care services and merchandise in the United States. The Company operates in two segments: funeral home operations and cemetery operations. Its funeral homes operations segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.