Barrington Reiterates a Buy Rating on 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 $34.00. The company’s shares closed last Wednesday at $25.40.

According to TipRanks.com, Paris is a 2-star analyst with an average return of 0.3% and a 39.7% success rate. Paris covers the Services sector, focusing on stocks such as Universal Technical Institute, American Public Education, and Adtalem Global Education.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Carriage Services with a $34.00 average price target.

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Based on Carriage Services’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $77.48 million and net profit of $6.4 million. In comparison, last year the company earned revenue of $67.75 million and had a net profit of $4.86 million.

Based on the recent corporate insider activity of 56 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.

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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. 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.