Shares of Park Lawn Corp (TSE:PLC) have earned an average recommendation of “Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$32.29.
PLC has been the topic of several recent analyst reports. Raymond James restated a “strong-buy” rating and issued a C$32.00 target price on shares of Park Lawn in a report on Wednesday, August 14th. National Bank Financial dropped their target price on shares of Park Lawn from C$33.00 to C$31.50 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. CIBC lowered shares of Park Lawn from an “outperform” rating to a “neutral” rating and set a C$30.00 target price on the stock. in a report on Tuesday, November 5th. Finally, Canaccord Genuity boosted their target price on shares of Park Lawn from C$30.00 to C$31.00 in a report on Wednesday, August 14th.
In other Park Lawn news, Director Andrew Clark sold 25,000 shares of Park Lawn stock in a transaction on Monday, August 26th. The shares were sold at an average price of C$26.12, for a total value of C$653,000.00. Following the completion of the sale, the director now directly owns 230,610 shares of the company’s stock, valued at C$6,023,533.20.
Shares of TSE:PLC traded up C$0.46 during mid-day trading on Tuesday, reaching C$29.31. 116,200 shares of the company’s stock were exchanged, compared to its average volume of 78,922. The firm has a market capitalization of $821.01 million and a price-to-earnings ratio of 71.31. The business’s fifty day moving average price is C$27.55 and its 200-day moving average price is C$27.54. The company has a debt-to-equity ratio of 12.84, a quick ratio of 2.04 and a current ratio of 2.50. Park Lawn has a twelve month low of C$20.25 and a twelve month high of C$29.94.
Park Lawn (TSE:PLC) last issued its quarterly earnings results on Monday, August 12th. The company reported C$0.19 EPS for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.05). The firm had revenue of C$58.57 million for the quarter, compared to the consensus estimate of C$59.22 million. Analysts predict that Park Lawn will post 1.13 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.038 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.46 annualized dividend and a yield of 1.56%. Park Lawn’s payout ratio is 110.95%.
About Park Lawn
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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