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

In a report released today, Alexander Paris from Barrington reiterated a Buy rating on Carriage Services (CSVResearch Report), with a price target of $65.00. The company’s shares closed last Wednesday at $48.62.

According to TipRanks.com, Paris is a 5-star analyst with an average return of 20.1% and a 58.6% success rate. Paris covers the Services sector, focusing on stocks such as Universal Technical Institute, American Public Education, and Adtalem Global Education.

Currently, the analyst consensus on Carriage Services is a Moderate Buy with an average price target of $65.00.

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Based on Carriage Services’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $95.93 million and net profit of $13.35 million. In comparison, last year the company earned revenue of $90.09 million and had a net profit of $8.37 million.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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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