Carriage Services (NYSE:CSV) Cut to “Strong Sell” at Zacks Research

Carriage Services (NYSE:CSV) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on CSV. Raymond James Financial set a $50.00 price target on Carriage Services in a report on Friday, August 7th. Weiss Ratings downgraded Carriage Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Roth Capital set a $46.00 price objective on shares of Carriage Services in a research note on Friday, August 7th. Finally, Barrington Research reissued an “outperform” rating and issued a $60.00 target price on shares of Carriage Services in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $52.00.

Carriage Services Trading Up 0.7%

Shares of Carriage Services stock opened at $33.88 on Tuesday. The firm has a market cap of $537.68 million, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 0.66 and a beta of 0.84. Carriage Services has a 52-week low of $33.33 and a 52-week high of $52.10. The company’s 50-day simple moving average is $38.38 and its 200-day simple moving average is $42.46. The company has a quick ratio of 1.29, a current ratio of 1.46 and a debt-to-equity ratio of 1.92.

Carriage Services (NYSE:CSV) last issued its earnings results on Wednesday, August 5th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.04). Carriage Services had a return on equity of 19.23% and a net margin of 10.69%.The company had revenue of $102.95 million for the quarter, compared to analyst estimates of $108.91 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. As a group, equities research analysts anticipate that Carriage Services will post 3.38 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Carriage Services in the third quarter worth $29,000. PNC Financial Services Group Inc. raised its stake in shares of Carriage Services by 50.8% during the first quarter. PNC Financial Services Group Inc. now owns 784 shares of the company’s stock valued at $36,000 after purchasing an additional 264 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Carriage Services by 1,736.0% in the first quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock worth $36,000 after purchasing an additional 868 shares during the period. Optiver Holding B.V. grew its position in Carriage Services by 2,195.1% in the 1st quarter. Optiver Holding B.V. now owns 941 shares of the company’s stock valued at $43,000 after buying an additional 900 shares in the last quarter. Finally, Quarry LP bought a new position in Carriage Services in the 3rd quarter valued at about $51,000. Institutional investors own 66.46% of the company’s stock.

Carriage Services Company Profile

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.