Carriage Services (CSV) Gets a Buy Rating from Barrington


Barrington analyst Alexander Paris reiterated a Buy rating on Carriage Services (CSV) today and set a price target of $26. The company’s shares closed yesterday at $18.68.

Paris wrote:

“We expect the first quarter volumes to be down as it is comparing to a very strong Q1/18 impacted by the heavy flu season last year. Based on history, we would expect the remaining three quarters to get back a significant portion of the activity.”

According to TipRanks.com, Paris is a 5-star analyst with an average return of 9.8% and a 52.9% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Carriage Services with a $26 average price target.

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Based on Carriage Services’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $2.64 million. In comparison, last year the company had a net profit of $9.3 million.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock.

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

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