Park Lawn Co. (TSE:PLC) Receives C$22.63 Average Price Target from Analysts

Shares of Park Lawn Co. (TSE:PLC) have been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$22.63.

Several research analysts recently issued reports on PLC shares. CIBC cut their target price on shares of Park Lawn from C$21.00 to C$20.00 in a research note on Monday, March 11th. Royal Bank of Canada cut their target price on shares of Park Lawn from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 5th. Finally, National Bankshares cut their target price on shares of Park Lawn from C$22.00 to C$21.00 in a research note on Wednesday, March 13th.

Park Lawn Trading Down 2.1 %

TSE:PLC opened at C$16.05 on Tuesday. The firm’s fifty day moving average is C$17.70 and its 200-day moving average is C$18.01. The company has a debt-to-equity ratio of 44.35, a quick ratio of 1.78 and a current ratio of 1.70. Park Lawn has a 52 week low of C$15.48 and a 52 week high of C$26.90. The firm has a market cap of C$544.90 million, a P/E ratio of -53.57, a P/E/G ratio of 14.67 and a beta of 1.22.

Park Lawn (TSE:PLC) last issued its earnings results on Thursday, March 7th. The company reported C$0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.28 by C$0.06. The business had revenue of C$119.93 million for the quarter, compared to analyst estimates of C$120.07 million. Park Lawn had a negative net margin of 2.23% and a negative return on equity of 1.40%. Equities analysts expect that Park Lawn will post 1.0915631 earnings per share for the current year.

Park Lawn Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.114 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.46 annualized dividend and a yield of 2.84%. Park Lawn’s payout ratio is -153.33%.

Park Lawn Company Profile

Park Lawn Corporation, together with its subsidiaries, owns and operates cemeteries, crematoriums, and funeral homes in Canada and the United States. The company primarily offers cemetery lots, mausoleum crypts, niches, monuments, caskets, urns, outer burial containers, flowers, online and video tribute, and other merchandise, as well as funeral, cemetery, and cremation services.