Carriage Services, Inc. (NYSE:CSV) Receives $59.00 Average Target Price from Analysts

Shares of Carriage Services, Inc. (NYSE:CSV) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $59.00.

A number of brokerages have recently weighed in on CSV. Zacks Research downgraded shares of Carriage Services from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of Carriage Services in a research report on Monday, December 1st. Raymond James Financial started coverage on Carriage Services in a research note on Wednesday, October 1st. They set an “outperform” rating and a $60.00 target price for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Carriage Services in a research note on Monday.

Institutional Investors Weigh In On Carriage Services

A number of hedge funds have recently made changes to their positions in CSV. Caitong International Asset Management Co. Ltd bought a new stake in shares of Carriage Services during the 3rd quarter valued at approximately $29,000. Jones Financial Companies Lllp boosted its position in Carriage Services by 1,736.0% in 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 in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Carriage Services during the third quarter worth $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. increased its holdings in shares of Carriage Services by 22.1% during the second quarter. Ameritas Investment Partners Inc. now owns 1,450 shares of the company’s stock worth $66,000 after buying an additional 262 shares in the last quarter. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Carriage Services Stock Up 1.3%

NYSE CSV opened at $43.75 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 2.23. The company has a market cap of $688.58 million, a price-to-earnings ratio of 14.07, a PEG ratio of 0.88 and a beta of 0.96. The company has a 50 day moving average of $43.14 and a 200-day moving average of $44.45. Carriage Services has a 1-year low of $35.51 and a 1-year high of $49.41.

Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The firm 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. On average, equities research analysts expect that Carriage Services will post 2.5 earnings per share for the current fiscal year.

Carriage Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 3rd were given a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, November 3rd. Carriage Services’s payout ratio is currently 14.47%.

Carriage Services Company Profile

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.