Barrington Sticks to Its Buy Rating for Carriage Services (CSV)

Barrington analyst Alexander Paris reiterated a Buy rating on Carriage Services (CSVResearch Report) today and set a price target of $55.00. The company’s shares opened today at $34.33.

Paris covers the Services sector, focusing on stocks such as Universal Technical Institute, American Public Education, and Perdoceo Education. According to TipRanks, Paris has an average return of 16.0% and a 56.06% success rate on recommended stocks.

Carriage Services has an analyst consensus of Strong Buy, with a price target consensus of $57.00.

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Based on Carriage Services’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $90.6 million and a net profit of $10.9 million. In comparison, last year the company earned a revenue of $88.28 million and had a GAAP net loss of $6.17 million

Based on the recent corporate insider activity of 42 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 the following segments: Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers a complete suite of services to meet families funeral needs, including consultation, the removal and preparation of remains, the sale of caskets and related funeral merchandise, the use of funeral homes for visitation and remembrance services and transportation services. The Cemetery Operations segment provide interment rights and related merchandise, such as markers and outer burial containers. The company was founded by Melvin C. Payne in 1991 and is headquartered in Houston, TX.

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