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

Carriage Services (NYSE:CSV)‘s stock had its “outperform” rating reissued by Barrington Research in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $60.00 price objective on the stock. Barrington Research’s price target suggests a potential upside of 38.73% from the stock’s current price.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Carriage Services in a research report on Monday, December 29th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Carriage Services has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Carriage Services Price Performance

Shares of CSV stock opened at $43.25 on Tuesday. The stock has a 50 day moving average price of $43.12 and a 200 day moving average price of $43.75. Carriage Services has a 52-week low of $35.51 and a 52-week high of $49.41. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.75 and a current ratio of 0.88. The firm has a market capitalization of $680.76 million, a P/E ratio of 13.91, a P/E/G ratio of 0.83 and a beta of 0.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new stake in Carriage Services during the third quarter valued at about $29,000. Jones Financial Companies Lllp lifted its position in shares of Carriage Services by 1,736.0% during the first quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock valued at $36,000 after buying an additional 868 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Carriage Services during the 3rd quarter worth approximately $37,000. Quarry LP acquired a new position in shares of Carriage Services during the third quarter worth $51,000. Finally, Ameritas Investment Partners Inc. boosted its position in shares of Carriage Services by 22.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,450 shares of the company’s stock worth $66,000 after purchasing an additional 262 shares in the last quarter. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

Carriage Services Company Profile

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.