Park Lawn (TSE:PLC) Price Target Increased to C$21.00 by Analysts at CIBC

Park Lawn (TSE:PLCFree Report) had its target price hoisted by CIBC from C$20.00 to C$21.00 in a report issued on Monday morning, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

PLC has been the topic of a number of other reports. National Bankshares cut their price target on Park Lawn from C$22.00 to C$21.00 in a report on Wednesday, March 13th. Royal Bank of Canada reduced their price target on shares of Park Lawn from C$25.00 to C$24.00 and set an outperform rating for the company in a report on Tuesday, March 5th. Finally, Acumen Capital upped their price objective on shares of Park Lawn from C$23.00 to C$24.00 in a report on Monday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of C$22.75.

Read Our Latest Research Report on Park Lawn

Park Lawn Trading Up 3.5 %

PLC opened at C$17.57 on Monday. Park Lawn has a twelve month low of C$15.48 and a twelve month high of C$26.63. The company has a fifty day moving average of C$16.89 and a 200-day moving average of C$17.90. The stock has a market cap of C$600.37 million, a PE ratio of -60.61, a price-to-earnings-growth ratio of 14.67 and a beta of 1.22. The company has a quick ratio of 1.78, a current ratio of 1.94 and a debt-to-equity ratio of 43.09.

Park Lawn (TSE:PLCGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$0.29 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.02. The firm had revenue of C$102.99 million during the quarter, compared to the consensus estimate of C$102.11 million. Park Lawn had a negative return on equity of 1.26% and a negative net margin of 2.09%. On average, sell-side analysts predict that Park Lawn will post 1.0968992 EPS for the current year.

Park Lawn Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.114 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Wednesday, March 27th. Park Lawn’s dividend payout ratio (DPR) is -164.29%.

Park Lawn Company Profile

(Get Free Report)

Park Lawn Corporation, together with its subsidiaries, owns and operates cemeteries, crematoriums, and funeral homes in Canada and the United States. The company primarily offers cemetery lots, mausoleum crypts, niches, monuments, caskets, urns, outer burial containers, flowers, online and video tribute, and other merchandise, as well as funeral, cemetery, and cremation services.

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Analyst Recommendations for Park Lawn (TSE:PLC)

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