Weekly Analysts’ Ratings Changes for Park Lawn (PLC)

Several brokerages have updated their recommendations and price targets on shares of Park Lawn (TSE: PLC) in the last few weeks:

  • 8/14/2019 – Park Lawn had its “strong-buy” rating reaffirmed by analysts at Raymond James. They now have a C$32.00 price target on the stock.
  • 8/14/2019 – Park Lawn had its price target lowered by analysts at National Bank Financial from C$33.00 to C$31.50. They now have an “outperform” rating on the stock.
  • 8/14/2019 – Park Lawn had its price target lowered by analysts at CIBC from C$32.00 to C$30.00.
  • 8/14/2019 – Park Lawn had its price target raised by analysts at Canaccord Genuity from C$30.00 to C$31.00.

Shares of PLC traded down C$0.16 during trading hours on Thursday, hitting C$26.88. The stock had a trading volume of 12,826 shares, compared to its average volume of 79,818. The company has a debt-to-equity ratio of 25.24, a quick ratio of 2.02 and a current ratio of 2.56. The firm has a 50-day moving average price of C$27.97 and a 200 day moving average price of C$26.81. Park Lawn Corp has a fifty-two week low of C$20.25 and a fifty-two week high of C$29.94. The firm has a market capitalization of $420.35 million and a price-to-earnings ratio of 72.85.

Park Lawn (TSE:PLC) last issued its quarterly earnings results on Monday, August 12th. The company reported C$0.19 EPS for the quarter, missing the consensus estimate of C$0.24 by C($0.05). The company had revenue of C$58.57 million for the quarter, compared to the consensus estimate of C$59.22 million. As a group, analysts predict that Park Lawn Corp will post 1.17 EPS for the current fiscal year.

The business also recently declared a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a $0.038 dividend. This represents a $0.46 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Tuesday, July 30th. Park Lawn’s payout ratio is presently 123.58%.

Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in North America. The company owns and operates cemeteries, crematoriums, and funeral homes. It also offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral services and after life celebration services.

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