Raymond James set a C$32.00 price target on Park Lawn (TSE:PLC) in a research note published on Thursday, BayStreet.CA reports. The brokerage currently has a strong-buy rating on the stock. Raymond James also issued estimates for Park Lawn’s Q1 2020 earnings at $0.29 EPS, Q2 2020 earnings at $0.31 EPS and FY2020 earnings at $1.33 EPS.
Several other equities analysts have also issued reports on the company. Cormark raised Park Lawn from a buy rating to a top pick rating and boosted their price target for the company from C$26.75 to C$32.50 in a research note on Thursday, March 28th. National Bank Financial set a C$29.00 price target on Park Lawn and gave the company an outperform rating in a research note on Tuesday, April 23rd. TD Securities dropped their price target on Park Lawn from C$32.00 to C$31.00 and set a buy rating on the stock in a research note on Friday, April 26th. Canaccord Genuity boosted their price target on Park Lawn from C$29.50 to C$30.00 in a research note on Thursday, March 28th. Finally, CIBC boosted their price target on Park Lawn from C$26.00 to C$30.00 in a research note on Thursday, March 28th. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of C$32.43.
Shares of PLC opened at C$28.80 on Thursday. Park Lawn has a 52-week low of C$20.25 and a 52-week high of C$28.92. The company has a current ratio of 2.56, a quick ratio of 2.02 and a debt-to-equity ratio of 25.24. The company has a market capitalization of $795.81 million and a price-to-earnings ratio of 78.05.
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.038 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.46 annualized dividend and a dividend yield of 1.58%. Park Lawn’s dividend payout ratio is 123.58%.
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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