Shares of StoneMor Partners L.P. (NYSE:STON) have been assigned an average broker rating score of 1.00 (Strong Buy) from the four brokers that cover the stock, Zacks Investment Research reports. Four research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus price objective of $32.00 for the company and are forecasting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also assigned StoneMor Partners L.P. an industry rank of 193 out of 265 based on the ratings given to related companies.
Separately, Raymond James Financial Inc. upgraded StoneMor Partners L.P. from an “outperform” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research report on Thursday, August 25th.
In other news, CFO Sean P. Mcgrath sold 1,262 shares of the stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $24.92, for a total transaction of $31,449.04. Following the sale, the chief financial officer now directly owns 3,774 shares in the company, valued at approximately $94,048.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
A number of hedge funds have recently bought and sold shares of STON. Investors Capital Advisory Services boosted its stake in StoneMor Partners L.P. by 0.3% in the second quarter. Investors Capital Advisory Services now owns 12,437 shares of the company’s stock valued at $310,000 after buying an additional 35 shares in the last quarter. IFP Advisors Inc boosted its stake in StoneMor Partners L.P. by 10.0% in the second quarter. IFP Advisors Inc now owns 5,523 shares of the company’s stock valued at $138,000 after buying an additional 502 shares in the last quarter. HighTower Advisors LLC boosted its stake in StoneMor Partners L.P. by 5.1% in the second quarter. HighTower Advisors LLC now owns 18,424 shares of the company’s stock valued at $461,000 after buying an additional 899 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in StoneMor Partners L.P. by 1.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 102,310 shares of the company’s stock valued at $2,563,000 after buying an additional 1,128 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its stake in StoneMor Partners L.P. by 5.6% in the second quarter. Guggenheim Capital LLC now owns 43,452 shares of the company’s stock valued at $1,088,000 after buying an additional 2,285 shares in the last quarter.
Shares of StoneMor Partners L.P. (NYSE:STON) opened at 24.89 on Thursday. The firm’s 50-day moving average price is $24.83 and its 200-day moving average price is $24.68. StoneMor Partners L.P. has a 52-week low of $22.80 and a 52-week high of $31.15. The stock’s market capitalization is $882.08 million.
StoneMor Partners L.P. (NYSE:STON) last released its earnings results on Friday, August 5th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.18. The business earned $75.55 million during the quarter, compared to the consensus estimate of $88.30 million. During the same quarter in the previous year, the company posted ($0.16) earnings per share. Equities analysts forecast that StoneMor Partners L.P. will post ($0.67) earnings per share for the current fiscal year.
StoneMor Partners L.P. Company Profile
StoneMor Partners L.P. owns and operates cemeteries and funeral homes. The Company operates through two segments: Cemetery Operations and Funeral Homes. Its Cemetery Operations segment sells interment rights, caskets, burial vaults, cremation niches, markers and other cemetery related merchandise. Its Funeral Homes segment offers a range of services, including family consultation, final expense insurance products, the removal and preparation of remains, provision of caskets and related funeral merchandise, the use of funeral home facilities for visitation, worship and performance of funeral services, and transportation services.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for StoneMor Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StoneMor Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.