Barrington Thinks Carriage Services’ Stock is Going to Recover


In a report released today, Alexander Paris from Barrington reiterated a Buy rating on Carriage Services (CSV), with a price target of $24. The company’s shares opened today at $16.82, close to its 52-week low of $14.50.

Paris commented:

“We are reiterating our OUTPERFORM investment rating and our 12‐ month price target of $24, suggesting more than 40% upside from current levels.”

According to TipRanks.com, Paris is a 3-star analyst with an average return of 1.8% and a 44.0% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.

Carriage Services has an analyst consensus of Moderate Buy, with a price target consensus of $24.

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Based on Carriage Services’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $2.19 million. In comparison, last year the company had a net profit of $22.58 million.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CSV in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Carriage Services, Inc. provides funeral and cemetery services and products in the United States of America. It operates through two segments: Funeral Home Operations and Cemetery Operations.

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