Brokerages Set Carriage Services, Inc. (NYSE:CSV) Target Price at $59.00

Carriage Services, Inc. (NYSE:CSV) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat 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 target price among brokers that have updated their coverage on the stock in the last year is $59.00.

A number of equities analysts have recently issued reports on CSV shares. Weiss Ratings reissued a “buy (b)” rating on shares of Carriage Services in a research note on Monday, December 29th. Barrington Research restated an “outperform” rating and issued a $60.00 price target on shares of Carriage Services in a research note on Tuesday, February 17th.

Hedge Funds Weigh In On Carriage Services

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Carriage Services in the third quarter valued at about $29,000. Jones Financial Companies Lllp grew its position in Carriage Services by 1,736.0% during the first quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock worth $36,000 after buying an additional 868 shares during the period. State of Alaska Department of Revenue acquired a new position in Carriage Services during the third quarter worth about $37,000. Quarry LP purchased a new position in Carriage Services in the third quarter valued at about $51,000. Finally, Ameritas Investment Partners Inc. increased its holdings in Carriage Services by 22.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,450 shares of the company’s stock valued at $66,000 after buying an additional 262 shares in the last quarter. 66.46% of the stock is owned by institutional investors and hedge funds.

Carriage Services Trading Down 1.4%

Shares of Carriage Services stock opened at $43.37 on Friday. The firm has a market cap of $682.64 million, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 0.85 and a beta of 0.94. Carriage Services has a 52-week low of $35.51 and a 52-week high of $49.41. The company’s 50-day simple moving average is $43.58 and its 200-day simple moving average is $43.57. The company has a quick ratio of 0.84, a current ratio of 0.98 and a debt-to-equity ratio of 2.09.

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

Carriage Services Announces Dividend

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

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.