Brokerages Set Park Lawn Co. (TSE:PLC) Price Target at C$22.88

Park Lawn Co. (TSE:PLC) has received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$22.88.

Several equities analysts have recently weighed in on PLC shares. National Bankshares lifted their price target on Park Lawn from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. CIBC lifted their price target on Park Lawn from C$20.00 to C$21.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Royal Bank of Canada reduced their price target on Park Lawn from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research report on Tuesday, March 5th. Finally, Acumen Capital boosted their target price on Park Lawn from C$23.00 to C$24.00 in a research report on Monday, May 13th.

Park Lawn Stock Performance

Shares of Park Lawn stock opened at C$17.20 on Friday. The business’s fifty day simple moving average is C$16.70 and its 200 day simple moving average is C$17.92. The firm has a market capitalization of C$587.72 million, a P/E ratio of -61.43, a price-to-earnings-growth ratio of 14.67 and a beta of 1.22. Park Lawn has a 12 month low of C$15.48 and a 12 month high of C$25.77. The company has a current ratio of 1.94, a quick ratio of 1.78 and a debt-to-equity ratio of 43.09.

Park Lawn (TSE:PLC) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$0.29 EPS for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.02. Park Lawn had a negative return on equity of 1.26% and a negative net margin of 2.09%. The business had revenue of C$102.99 million for the quarter, compared to analyst estimates of C$102.11 million. As a group, analysts anticipate that Park Lawn will post 1.0968992 EPS for the current year.

Park Lawn Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.114 per share. This represents a $0.46 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Wednesday, March 27th. Park Lawn’s dividend payout ratio (DPR) is currently -164.29%.

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.