Carriage Services, Inc. (NYSE:CSV) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Carriage Services, Inc. (NYSE:CSV) have been assigned an average rating of “Moderate Buy” from the six brokerages that are currently 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 12-month price objective among brokers that have issued a report on the stock in the last year is $59.00.

Several analysts have recently weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Carriage Services in a report on Monday, January 5th. Zacks Research lowered Carriage Services from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Carriage Services in a research report on Monday, December 29th. Finally, Raymond James Financial initiated 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.

Carriage Services Trading Up 0.2%

Shares of CSV stock opened at $43.47 on Friday. The company has a market capitalization of $684.36 million, a P/E ratio of 13.98, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94. 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 business’s 50 day moving average is $42.44 and its two-hundred day moving average is $44.21. Carriage Services has a twelve month low of $35.51 and a twelve month high of $49.41.

Carriage Services (NYSE:CSV) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. Carriage Services had a return on equity of 21.39% and a net margin of 11.98%.The business had revenue of $102.74 million during the quarter, compared to analysts’ expectations of $100.96 million. Carriage Services has set its FY 2025 guidance at 3.250-3.300 EPS. Equities analysts forecast that Carriage Services will post 2.5 EPS for the current year.

Institutional Investors Weigh In On Carriage Services

A number of hedge funds and other institutional investors have recently bought and sold shares of CSV. Caitong International Asset Management Co. Ltd purchased a new stake in Carriage Services during the third quarter worth about $29,000. State of Alaska Department of Revenue purchased a new position in Carriage Services in the third quarter valued at about $37,000. Jones Financial Companies Lllp lifted its position in shares of Carriage Services by 1,736.0% during the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock valued at $36,000 after acquiring an additional 868 shares during the period. Quarry LP purchased a new stake in shares of Carriage Services during the 3rd quarter worth approximately $51,000. Finally, Ameritas Investment Partners Inc. grew its holdings in shares of Carriage Services by 22.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,450 shares of the company’s stock worth $66,000 after acquiring an additional 262 shares during the period. Institutional investors and hedge funds 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.