Park Lawn Co. (TSE:PLC) Given Consensus Rating of “Moderate Buy” by Brokerages

by · The Cerbat Gem

Park Lawn Co. (TSE:PLC – Get Free Report) has received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$23.13.

Several equities research analysts have recently weighed in on the stock. Scotiabank reduced their target price on shares of Park Lawn from C$28.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Monday, November 13th. CIBC reduced their target price on shares of Park Lawn from C$23.50 to C$20.00 and set a “neutral” rating on the stock in a research note on Monday, November 13th. Cormark reduced their price target on shares of Park Lawn from C$27.00 to C$24.00 in a research note on Monday, November 13th. National Bankshares reduced their price target on shares of Park Lawn from C$31.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 8th. Finally, Stifel Nicolaus set a C$22.00 price target on shares of Park Lawn and gave the stock a “buy” rating in a research note on Tuesday, November 21st.

Read Our Latest Stock Report on PLC

Park Lawn Trading Up 1.3 %

Shares of PLC opened at C$19.33 on Tuesday. Park Lawn has a twelve month low of C$15.67 and a twelve month high of C$29.15. The company has a market cap of C$663.60 million, a P/E ratio of 30.20, a P/E/G ratio of 14.67 and a beta of 1.20. The company has a current ratio of 1.49, a quick ratio of 1.78 and a debt-to-equity ratio of 51.67. The company’s fifty day simple moving average is C$17.73 and its 200-day simple moving average is C$20.17.

Park Lawn (TSE:PLC – Get Free Report) last announced its earnings results on Thursday, November 9th. The company reported C$0.15 earnings per share for the quarter, missing the consensus estimate of C$0.27 by C($0.12). Park Lawn had a net margin of 4.97% and a return on equity of 3.05%. The firm had revenue of C$87.50 million during the quarter, compared to analysts’ expectations of C$117.91 million. As a group, analysts expect that Park Lawn will post 1.2148708 EPS for the current year.

Park Lawn Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a $0.114 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, December 28th. Park Lawn’s dividend payout ratio is currently 71.88%.

Insider Activity

In other news, Director Deborah Wallis Robinson purchased 2,000 shares of the stock in a transaction dated Friday, December 1st. The shares were acquired at an average cost of C$15.89 per share, for a total transaction of C$31,780.00. In the last ninety days, insiders have bought 7,000 shares of company stock worth $118,130. Corporate insiders own 0.42% of the company’s stock.

About Park Lawn

(Get Free Report

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, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral, after life celebration, cemetery, and cremation services.

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