Carriage Services’ (CSV) Outperform Rating Reaffirmed at Barrington Research

Carriage Services (NYSE:CSV)‘s stock had its “outperform” rating reiterated by investment analysts at Barrington Research in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $50.00 target price on the stock. Barrington Research’s target price indicates a potential upside of 22.62% from the stock’s current price.

Carriage Services Stock Performance

Shares of NYSE CSV traded down $0.22 during trading hours on Monday, hitting $40.78. 15,217 shares of the stock were exchanged, compared to its average volume of 142,884. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59. The company’s 50 day moving average is $40.11 and its 200 day moving average is $35.89. The firm has a market capitalization of $620.60 million, a P/E ratio of 18.29, a P/E/G ratio of 0.98 and a beta of 0.92. Carriage Services has a one year low of $23.20 and a one year high of $42.67.

Institutional Trading of Carriage Services

A number of hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in shares of Carriage Services by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 314,864 shares of the company’s stock valued at $10,339,000 after buying an additional 13,126 shares in the last quarter. Penn Mutual Asset Management acquired a new stake in shares of Carriage Services during the 3rd quarter worth about $433,000. NFJ Investment Group LLC acquired a new stake in shares of Carriage Services during the 3rd quarter worth about $1,784,000. Kingsview Wealth Management LLC acquired a new stake in shares of Carriage Services during the 3rd quarter worth about $2,151,000. Finally, Barclays PLC increased its position in shares of Carriage Services by 228.6% during the 3rd quarter. Barclays PLC now owns 20,433 shares of the company’s stock worth $671,000 after purchasing an additional 14,215 shares in the last quarter. 66.46% of the stock is owned by institutional investors.

About Carriage Services

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.