Carriage Services Receives a Buy from Barrington

Barrington analyst Alexander Paris reiterated a Buy rating on Carriage Services (NYSE: CSV) today. The company’s shares opened today at $25.22.

Paris wrote:

“We view Carriage Services as a superior consolidation, operating and value creation investment platform and, given its growth potential and margin profile, Carriage Services clearly warrants a higher multiple than the market currently affords it. With a stronger balance sheet (enhanced by the recent recapitalization) and a goal to reduce debt to 4-4.5x while simultaneously increasing the pace of acquisition, we are reiterating our OUTPERFORM investment rating and our 12-month $32 price target.”

According to TipRanks.com, Paris is a 5-star analyst with an average return of 15.0% and a 69.2% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Capella Education Company.

Carriage Services has an analyst consensus of Moderate Buy.

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Based on Carriage Services’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $9.3 million. In comparison, last year the company had a net profit of $7.06 million.

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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.