Carriage Services, Inc. (NYSE:CSV) Receives $61.67 Consensus Price Target from Brokerages

Shares of Carriage Services, Inc. (NYSE:CSV) have received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $61.6667.

CSV has been the topic of several analyst reports. Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of Carriage Services in a report on Monday, April 27th. Weiss Ratings downgraded shares of Carriage Services from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 22nd.

Carriage Services Stock Performance

Shares of NYSE:CSV opened at $38.61 on Tuesday. The company has a market capitalization of $612.77 million, a price-to-earnings ratio of 13.99, a PEG ratio of 0.78 and a beta of 0.83. Carriage Services has a 12 month low of $37.11 and a 12 month high of $52.10. The firm’s 50-day moving average is $44.68 and its 200 day moving average is $43.82. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.99.

Carriage Services (NYSE:CSV) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.85 by $0.01. The company had revenue of $106.12 million for the quarter, compared to the consensus estimate of $111.39 million. Carriage Services had a net margin of 10.58% and a return on equity of 19.78%. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. Research analysts predict that Carriage Services will post 3.45 EPS for the current year.

Carriage Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 4th were paid a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, May 4th. Carriage Services’s dividend payout ratio is currently 16.30%.

Hedge Funds Weigh In On Carriage Services

A number of hedge funds have recently added to or reduced their stakes in CSV. Polar Asset Management Partners Inc. bought a new position in Carriage Services in the 1st quarter worth about $11,610,000. Millennium Management LLC grew its stake in Carriage Services by 597.1% in the 4th quarter. Millennium Management LLC now owns 136,149 shares of the company’s stock worth $5,759,000 after acquiring an additional 116,617 shares in the last quarter. Swedbank AB bought a new position in Carriage Services in the 1st quarter worth about $3,753,000. Punch & Associates Investment Management Inc. grew its stake in Carriage Services by 59.3% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 211,425 shares of the company’s stock worth $9,417,000 after acquiring an additional 78,730 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Carriage Services by 12.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 477,238 shares of the company’s stock worth $21,829,000 after acquiring an additional 52,889 shares in the last quarter. 66.46% of the stock is currently owned by 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.