Park Lawn (TSE:PLC) Sets New 52-Week High at $26.13

Park Lawn Co. (TSE:PLC) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$26.13 and last traded at C$26.11, with a volume of 2213 shares. The stock had previously closed at C$26.05.

Wall Street Analyst Weigh In

PLC has been the topic of a number of recent research reports. Royal Bank of Canada reduced their price target on shares of Park Lawn from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 5th. Stifel Nicolaus lifted their target price on shares of Park Lawn from C$22.00 to C$26.50 and gave the company a “buy” rating in a report on Tuesday, June 4th. National Bankshares increased their price target on Park Lawn from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Cormark boosted their price objective on Park Lawn from C$24.00 to C$26.50 in a research note on Wednesday, June 5th. Finally, Acumen Capital upped their target price on Park Lawn from C$23.00 to C$24.00 in a research report on Monday, May 13th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$24.44.

Park Lawn Stock Performance

The firm has a market cap of C$891.15 million, a price-to-earnings ratio of -93.04, a PEG ratio of 14.67 and a beta of 1.20. The company has a quick ratio of 1.78, a current ratio of 1.94 and a debt-to-equity ratio of 43.09. The company has a 50 day moving average of C$20.63 and a 200 day moving average of C$19.24.

Park Lawn (TSE:PLC) last announced its earnings results on Thursday, May 9th. The company reported C$0.29 earnings per share (EPS) for the quarter, beating 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 2.10%. The company had revenue of C$102.99 million for the quarter, compared to analyst estimates of C$102.11 million. As a group, equities research analysts expect that Park Lawn Co. will post 1.084724 EPS for the current fiscal year.

About Park Lawn

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.