Carriage Services (NYSE:CSV) Earns Outperform Rating from Barrington Research

Carriage Services (NYSE:CSV)‘s stock had its “outperform” rating restated by equities researchers at Barrington Research in a note issued to investors on Monday,Benzinga reports. They currently have a $60.00 price target on the stock. Barrington Research’s target price would indicate a potential upside of 43.20% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Carriage Services in a research note on Monday, December 29th. Zacks Research lowered Carriage Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Raymond James Financial assumed coverage on Carriage Services in a research note on Wednesday, October 1st. They set an “outperform” rating and a $60.00 target price on the stock. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Carriage Services Price Performance

CSV stock traded up $0.40 during trading on Monday, hitting $41.90. 13,530 shares of the company’s stock traded hands, compared to its average volume of 61,307. Carriage Services has a 52 week low of $35.51 and a 52 week high of $49.41. The stock has a market capitalization of $659.51 million, a price-to-earnings ratio of 13.50, a P/E/G ratio of 0.80 and a beta of 0.94. The business has a fifty day simple moving average of $42.64 and a 200 day simple moving average of $44.29. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.75 and a current ratio of 0.88.

Carriage Services (NYSE:CSV) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.03. The company had revenue of $102.74 million for the quarter, compared to analyst estimates of $100.96 million. Carriage Services had a return on equity of 21.39% and a net margin of 11.98%.Carriage Services has set its FY 2025 guidance at 3.250-3.300 EPS. As a group, research 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 modified their holdings of CSV. Russell Investments Group Ltd. increased its holdings in Carriage Services by 3.0% during the second quarter. Russell Investments Group Ltd. now owns 8,833 shares of the company’s stock valued at $404,000 after buying an additional 258 shares during the period. Ameritas Investment Partners Inc. boosted its position in Carriage Services by 22.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,450 shares of the company’s stock valued at $66,000 after acquiring an additional 262 shares in the last quarter. Hohimer Wealth Management LLC increased its holdings in shares of Carriage Services by 6.4% in the 3rd quarter. Hohimer Wealth Management LLC now owns 4,779 shares of the company’s stock valued at $213,000 after acquiring an additional 289 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Carriage Services by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock worth $313,000 after acquiring an additional 312 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of Carriage Services by 3.0% during the 2nd quarter. Prudential Financial Inc. now owns 11,245 shares of the company’s stock worth $514,000 after purchasing an additional 330 shares during the last quarter. Institutional investors own 66.46% of the company’s stock.

About Carriage Services

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.