The stock of Carriage Services, Inc. (NYSE:CSV) hit a new 52-week high and has $28.46 target or 4.00% above today’s $27.37 share price. The 8 months bullish chart indicates low risk for the $454.13 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $28.46 price target is reached, the company will be worth $18.17 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 68,648 shares traded hands. Carriage Services, Inc. (NYSE:CSV) has risen 13.74% since April 25, 2016 and is uptrending. It has outperformed by 7.72% the S&P500.
Analysts await Carriage Services, Inc. (NYSE:CSV) to report earnings on February, 21. They expect $0.47 earnings per share, up 20.51% or $0.08 from last year’s $0.39 per share. CSV’s profit will be $7.80 million for 14.56 P/E if the $0.47 EPS becomes a reality. After $0.43 actual earnings per share reported by Carriage Services, Inc. for the previous quarter, Wall Street now forecasts 9.30% EPS growth.
Carriage Services, Inc. (NYSE:CSV) Ratings Coverage
Out of 2 analysts covering Carriage Services (NYSE:CSV), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Carriage Services has been the topic of 2 analyst reports since November 11, 2015 according to StockzIntelligence Inc. Oppenheimer initiated Carriage Services, Inc. (NYSE:CSV) on Wednesday, November 11 with “Outperform” rating. The firm has “Outperform” rating given on Thursday, September 22 by Barrington Research.
According to Zacks Investment Research, “Carriage Services, Inc. is a leading provider of death care services and products in the United States. Carriage provides a complete range of services relating to funerals, burials and cremations, including the use of funeral homes and motor vehicles, the performance of cemetery interment services and the management and maintenance of cemetery grounds. They also sell related products and merchandise including caskets, burial vaults, garments, cemetery interment rights, stone and bronze memorials, as well as other items.”
Insitutional Activity: The institutional sentiment increased to 1.31 in 2016 Q2. Its up 0.53, from 0.78 in 2016Q1. The ratio is positive, as 7 funds sold all Carriage Services, Inc. shares owned while 39 reduced positions. 10 funds bought stakes while 26 increased positions. They now own 12.56 million shares or 3.03% less from 12.96 million shares in 2016Q1.
Cetera Advsrs Ltd Liability owns 55,442 shares or 0.1% of their US portfolio. Vanguard Grp Inc last reported 0% of its portfolio in the stock. Moreover, Mechanics Bancshares Trust Department has 0.09% invested in Carriage Services, Inc. (NYSE:CSV) for 10,000 shares. Earnest Prtn Ltd Limited Liability Company has 2,500 shares for 0% of their US portfolio. Guggenheim Ltd Company holds 79,165 shares or 0.01% of its portfolio. Moreover, Boston Prtnrs has 0% invested in Carriage Services, Inc. (NYSE:CSV) for 99,328 shares. Wall Street Assocs, a California-based fund reported 138,300 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 732 shares or 0% of the stock. Massachusetts Financial Serv Ma, a Massachusetts-based fund reported 406,168 shares. Lsv Asset has 86,120 shares for 0% of their US portfolio. Panagora Asset holds 3,316 shares or 0% of its portfolio. Moreover, Geode Cap Ltd Liability Corporation has 0% invested in Carriage Services, Inc. (NYSE:CSV) for 107,117 shares. Schwab Charles Investment owns 44,959 shares or 0% of their US portfolio. Deutsche Natl Bank Ag last reported 52,667 shares in the company. Rbf Cap Limited Liability last reported 187,032 shares in the company.
Insider Transactions: Since June 1, 2016, the stock had 1 buy, and 0 insider sales for $117,600 net activity. Leibman Bryan bought 5,000 shares worth $117,600. Shares for $28,248 were bought by Brink Carl Benjamin on Wednesday, June 1.
More notable recent Carriage Services, Inc. (NYSE:CSV) news were published by: Prnewswire.com which released: “Carriage Services Announces Purchase of Becker Ritter Funeral Home in …” on November 08, 2016, also Bizjournals.com with their article: “Long-established local funeral service aligns with Houston’s Carriage Services” published on November 16, 2016, Prnewswire.com published: “Carriage Services Announces Purchase of Jay Chapel in Madera, California” on September 20, 2016. More interesting news about Carriage Services, Inc. (NYSE:CSV) were released by: Prnewswire.com and their article: “Carriage Services to Attend the Sidoti & Company Fall 2016 Emerging Growth …” published on November 01, 2016 as well as Prnewswire.com‘s news article titled: “Carriage Services Declares Quarterly Cash Dividend” with publication date: October 27, 2016.
CSV Company Profile
Carriage Services, Inc., incorporated on December 29, 1993, is a well-known provider of death care services and merchandise in the United States. The Firm operates in two business divisions: Funeral Home Operations and Cemetery Operations. The Firm serves suburban and rural markets. The Firm provides funeral and cemetery services and products on both at-need (time of death) and preneed (planned prior to death) basis. The Firm also maintains various trusts in connection with funeral home and cemetery operations, including preneed funeral trusts, preneed cemetery merchandise and service trusts, and cemetery perpetual care trusts.
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