Park Lawn Corp (TSE:PLC) Receives C$32.29 Average PT from Analysts

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Park Lawn Corp (TSE:PLC) has received a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$32.29.

Several brokerages have recently weighed in on PLC. Canaccord Genuity boosted their target price on Park Lawn from C$30.00 to C$31.00 in a report on Wednesday, August 14th. Raymond James restated a “strong-buy” rating and set a C$32.00 target price on shares of Park Lawn in a report on Wednesday, August 14th. CIBC cut Park Lawn from an “outperform” rating to a “neutral” rating and set a C$30.00 price objective on the stock. in a report on Tuesday. Finally, National Bank Financial decreased their price objective on Park Lawn from C$33.00 to C$31.50 and set an “outperform” rating on the stock in a report on Wednesday, August 14th.

In related news, Director Andrew Clark sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$26.12, for a total value of C$653,000.00. Following the transaction, the director now directly owns 230,610 shares in the company, valued at C$6,023,533.20.

Shares of Park Lawn stock opened at C$28.85 on Tuesday. The stock has a market cap of $821.01 million and a P/E ratio of 70.19. The stock’s 50 day simple moving average is C$27.49 and its 200-day simple moving average is C$27.52. Park Lawn has a 1-year low of C$20.25 and a 1-year high of C$29.94. The company has a debt-to-equity ratio of 12.84, a current ratio of 2.50 and a quick ratio of 2.04.

Park Lawn (TSE:PLC) last issued its earnings results on Monday, August 12th. The company reported C$0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.24 by C($0.05). The firm had revenue of C$58.57 million during the quarter, compared to analyst estimates of C$59.22 million. As a group, research analysts expect that Park Lawn will post 1.13 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.038 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Friday, September 27th. Park Lawn’s dividend payout ratio is presently 110.95%.

About Park Lawn

Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in North America. The company owns and operates cemeteries, crematoriums, and funeral homes. It also offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral services and after life celebration services.

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Analyst Recommendations for Park Lawn (TSE:PLC)

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