Park Lawn Corp (TSE:PLC) has earned an average rating of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$32.79.
PLC has been the topic of a number of recent research reports. Raymond James restated an “outperform” rating and issued a C$33.00 price target on shares of Park Lawn in a research report on Friday, November 15th. Canaccord Genuity lifted their price target on shares of Park Lawn from C$30.00 to C$31.00 in a report on Wednesday, August 14th. CIBC downgraded shares of Park Lawn from an “outperform” rating to a “neutral” rating and set a C$30.00 price objective for the company. in a research report on Tuesday, November 5th. National Bank Financial increased their price objective on shares of Park Lawn from C$31.50 to C$33.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, TD Securities lifted their target price on Park Lawn from C$33.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, November 14th.
Shares of PLC stock traded up C$0.30 on Friday, hitting C$30.25. 82,082 shares of the stock traded hands, compared to its average volume of 80,987. The company’s fifty day moving average is C$29.12 and its 200 day moving average is C$28.01. Park Lawn has a 1-year low of C$20.80 and a 1-year high of C$30.62. The company has a market capitalization of $878.52 million and a PE ratio of 93.65. The company has a debt-to-equity ratio of 27.29, a current ratio of 2.31 and a quick ratio of 1.90.
Park Lawn (TSE:PLC) last released its quarterly earnings data on Tuesday, November 12th. The company reported C$0.22 EPS for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.01). The business had revenue of C$66.58 million for the quarter, compared to analysts’ expectations of C$67.17 million. As a group, equities research analysts expect that Park Lawn will post 1.0700001 EPS for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Saturday, November 30th will be paid a dividend of $0.038 per share. The ex-dividend date of this dividend is Thursday, November 28th. This represents a $0.46 dividend on an annualized basis and a yield of 1.51%. Park Lawn’s payout ratio is currently 141.18%.
Park Lawn Company Profile
Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in North America. The company owns and operates cemeteries, crematoriums, and funeral homes. It also offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral services and after life celebration services.
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