Carriage Services (CSV) is Reiterated by Barrington Research to Outperform, Raises Price Target to $ 30

Carriage Services (CSV) was Reiterated by Barrington Research to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 30 from a previous price target of $28 . Barrington Research advised their investors in a research report released on Apr 26, 2016.

Many Wall Street Analysts have commented on Carriage Services. Carriage Services was Initiated by Sidoti to “Buy” on Apr 22, 2016.

On the company’s financial health, Carriage Services reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.46. The company had revenue of $63.30 million for the quarter, compared to analysts expectations of $63.67 million.

Carriage Services opened for trading at $23 and hit $23.75 on the upside on Friday, eventually ending the session at $23.36, with a gain of 5.18% or 1.15 points. The heightened volatility saw the trading volume jump to 3,58,633 shares. Company has a market cap of $389 M.

In a different news, on Mar 1, 2016, Barry K Fingerhut (director) sold 2,500 shares at $20.39 per share price. According to the SEC, on Nov 5, 2015, Bryan Leibman (director) purchased 6,000 shares at $22.00 per share price. On Aug 7, 2015, David J Decarlo (President) purchased 2,340 shares at $22.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Carriage Services Inc. (Carriage) is a provider of death care services and merchandise in the United States. The Company operates in two segments: funeral home operations and cemetery operations. Its funeral homes operations segment provides funeral services (traditional burial and cremation) and sells related merchandise such as caskets and urns. Its cemeteries operation segment sells interment rights including grave sites and mausoleum spaces and related merchandise such as markers and outer burial containers. Carriage operates around 164 funeral homes in 27 states and 32 cemeteries in 11 states. It serves suburban and rural markets and provides funeral and cemetery services and products on both at-need (time of death) and preneed (planned prior to death) basis. It also maintains various trusts in connection with funeral home and cemetery operations including preneed funeral trusts preneed cemetery merchandise and service trusts and cemetery perpetual care trusts.

Carriage Services

Leave a Reply

Carriage Services - Is it time to Sell?

Top Brokerage Firms are advising their investors on Carriage Services. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.