Park Lawn Corp (TSE:PLC) has been assigned a consensus rating of “Buy” from the seven ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$32.29.
A number of brokerages have recently commented on PLC. Canaccord Genuity lifted their price target on shares of Park Lawn from C$30.00 to C$31.00 in a research note on Wednesday, August 14th. CIBC lowered shares of Park Lawn from an “outperform” rating to a “neutral” rating and set a C$30.00 price target for the company. in a research note on Tuesday, November 5th. Raymond James restated a “strong-buy” rating and set a C$32.00 target price on shares of Park Lawn in a research report on Wednesday, August 14th. Finally, National Bank Financial cut their target price on shares of Park Lawn from C$33.00 to C$31.50 and set an “outperform” rating for the company in a research report on Wednesday, August 14th.
Shares of PLC stock traded up C$0.46 during trading hours on Tuesday, reaching C$29.31. The company had a trading volume of 116,200 shares, compared to its average volume of 78,922. The business has a fifty day moving average price of C$27.55 and a 200-day moving average price of C$27.54. Park Lawn has a one year low of C$20.25 and a one year high of C$29.94. The firm has a market cap of $821.01 million and a PE ratio of 71.31. The company has a debt-to-equity ratio of 12.84, a quick ratio of 2.04 and a current ratio of 2.50.
Park Lawn (TSE:PLC) last announced its quarterly earnings results on Monday, August 12th. The company reported C$0.19 EPS for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.05). The firm had revenue of C$58.57 million for the quarter, compared to analysts’ expectations of C$59.22 million. Equities research analysts forecast that Park Lawn will post 1.13 EPS for the current year.
The firm also recently announced a monthly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.038 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.46 annualized dividend and a yield of 1.56%. Park Lawn’s dividend payout ratio (DPR) is 110.95%.
In related news, Director Andrew Clark sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$26.12, for a total transaction of C$653,000.00. Following the completion of the sale, the director now directly owns 230,610 shares in the company, valued at C$6,023,533.20.
Park Lawn Company Profile
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.
Read More: Preferred Stock
Receive News & Ratings for Park Lawn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park Lawn and related companies with MarketBeat.com's FREE daily email newsletter.