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

Carriage Services, Inc. (NYSE:CSV) has received an average rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $59.00.

A number of research firms have weighed in on CSV. Weiss Ratings reiterated a “buy (b)” rating on shares of Carriage Services in a research report on Monday, December 29th. Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of Carriage Services in a report on Tuesday, February 17th.

Carriage Services Stock Performance

Carriage Services stock opened at $44.09 on Friday. The company’s 50-day moving average price is $43.55 and its 200-day moving average price is $43.60. The company has a quick ratio of 0.84, a current ratio of 0.98 and a debt-to-equity ratio of 2.09. The company has a market cap of $693.98 million, a PE ratio of 13.52, a price-to-earnings-growth ratio of 0.88 and a beta of 0.94. Carriage Services has a twelve month low of $35.51 and a twelve month high of $49.41.

Carriage Services (NYSE:CSV) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.05). The company had revenue of $105.48 million for the quarter, compared to the consensus estimate of $103.50 million. Carriage Services had a return on equity of 21.22% and a net margin of 12.34%.Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, equities research analysts forecast that Carriage Services will post 2.5 EPS for the current fiscal year.

Carriage Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd were paid a dividend of $0.1125 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.0%. Carriage Services’s dividend payout ratio is currently 13.80%.

Hedge Funds Weigh In On Carriage Services

A number of large investors have recently bought and sold shares of CSV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Carriage Services by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock worth $313,000 after purchasing an additional 312 shares during the period. Jones Financial Companies Lllp boosted its stake 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 purchasing an additional 868 shares during the period. Jane Street Group LLC bought a new position in shares of Carriage Services in the first quarter worth about $689,000. Simplex Trading LLC increased its stake in Carriage Services by 408.7% in the 2nd quarter. Simplex Trading LLC now owns 1,526 shares of the company’s stock worth $69,000 after buying an additional 1,226 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Carriage Services in the 2nd quarter worth about $1,603,000. Hedge funds and other 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.