Carriage Services (NYSE:CSV) Coverage Initiated by Analysts at Oppenheimer

Oppenheimer started coverage on shares of Carriage Services (NYSE:CSV) in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $48.00 price target on the stock. Oppenheimer’s price objective indicates a potential upside of 41.68% from the stock’s previous close.

Other analysts have also issued research reports about the company. Roth Capital set a $46.00 price objective on Carriage Services in a report on Friday, August 7th. Raymond James Financial set a $50.00 target price on Carriage Services in a research note on Friday, August 7th. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Carriage Services in a research report on Monday, April 27th. Zacks Research downgraded shares of Carriage Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Weiss Ratings lowered shares of Carriage Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $51.00.

Carriage Services Stock Up 0.7%

NYSE CSV opened at $33.88 on Thursday. Carriage Services has a twelve month low of $33.33 and a twelve month high of $52.10. The stock has a market cap of $537.68 million, a PE ratio of 12.14, a PEG ratio of 0.66 and a beta of 0.84. The firm has a 50-day simple moving average of $38.38 and a 200 day simple moving average of $42.46. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.29 and a current ratio of 1.46.

Carriage Services (NYSE:CSV) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.04). The firm had revenue of $102.95 million for the quarter, compared to the consensus estimate of $108.91 million. Carriage Services had a net margin of 10.69% and a return on equity of 19.23%. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, research analysts forecast that Carriage Services will post 3.38 EPS for the current year.

Hedge Funds Weigh In On Carriage Services

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new stake in Carriage Services in the third quarter valued at $29,000. PNC Financial Services Group Inc. lifted its holdings in shares of Carriage Services by 50.8% during the first quarter. PNC Financial Services Group Inc. now owns 784 shares of the company’s stock valued at $36,000 after acquiring an additional 264 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Carriage Services by 1,736.0% in the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock valued at $36,000 after purchasing an additional 868 shares in the last quarter. Optiver Holding B.V. boosted its stake in shares of Carriage Services by 2,195.1% in the 1st quarter. Optiver Holding B.V. now owns 941 shares of the company’s stock valued at $43,000 after purchasing an additional 900 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Carriage Services in the 3rd quarter worth about $51,000. Institutional investors own 66.46% of the company’s stock.

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.