Brokerages Set Park Lawn Co. (TSE:PLC) Price Target at C$22.63

Park Lawn Co. (TSE:PLC) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$22.63.

PLC has been the topic of a number of research reports. National Bankshares lowered their price target on shares of Park Lawn from C$22.00 to C$21.00 in a report on Wednesday, March 13th. Royal Bank of Canada dropped their price target on 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. Finally, CIBC decreased their price objective on Park Lawn from C$21.00 to C$20.00 in a report on Monday, March 11th.

Park Lawn Trading Up 1.9 %

TSE PLC opened at C$17.03 on Tuesday. The stock has a market capitalization of C$578.17 million, a price-to-earnings ratio of -56.77, a PEG ratio of 14.67 and a beta of 1.22. The business’s fifty day moving average is C$17.54 and its 200-day moving average is C$17.97. The company has a debt-to-equity ratio of 44.35, a current ratio of 1.70 and a quick ratio of 1.78. Park Lawn has a one year low of C$15.48 and a one year high of C$26.90.

Park Lawn (TSE:PLC) last announced its quarterly earnings data on Thursday, March 7th. The company reported C$0.34 EPS for the quarter, topping the consensus estimate of C$0.28 by C$0.06. The business had revenue of C$119.93 million for the quarter, compared to analyst estimates of C$120.07 million. Park Lawn had a negative net margin of 2.23% and a negative return on equity of 1.40%. Equities research analysts predict that Park Lawn will post 1.0915631 EPS for the current year.

Park Lawn Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.114 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.46 dividend on an annualized basis and a yield of 2.68%. Park Lawn’s dividend payout ratio (DPR) is -153.33%.

Park Lawn Company Profile

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.