Park Lawn Co. (TSE:PLC) Receives Consensus Rating of “Buy” from Analysts

Shares of Park Lawn Co. (TSE:PLC) have received a consensus recommendation of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$24.44.

PLC has been the subject of a number of research analyst reports. CIBC cut Park Lawn from a “neutral” rating to a “tender” rating and increased their target price for the company from C$21.00 to C$26.50 in a report on Tuesday, June 4th. Stifel Nicolaus increased their price target on Park Lawn from C$22.00 to C$26.50 and gave the company a “buy” rating in a report on Tuesday, June 4th. Acumen Capital increased their price target on Park Lawn from C$23.00 to C$24.00 in a report on Monday, May 13th. National Bankshares increased their price objective on Park Lawn from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Finally, Cormark increased their price objective on Park Lawn from C$24.00 to C$26.50 in a research report on Wednesday, June 5th.

Park Lawn Price Performance

Shares of Park Lawn stock opened at C$26.24 on Friday. The business has a 50 day simple moving average of C$21.98 and a two-hundred day simple moving average of C$19.59. Park Lawn has a 12 month low of C$15.48 and a 12 month high of C$26.35. The stock has a market capitalization of C$896.62 million, a P/E ratio of -93.71, a PEG ratio of 14.67 and a beta of 1.20. The company has a debt-to-equity ratio of 43.09, a current ratio of 1.94 and a quick ratio of 1.78.

Park Lawn (TSE:PLC) last announced its earnings results on Thursday, May 9th. The company reported C$0.29 EPS for the quarter, beating analysts’ consensus estimates of C$0.27 by C$0.02. Park Lawn had a negative return on equity of 1.26% and a negative net margin of 2.10%. The business had revenue of C$102.99 million during the quarter, compared to analysts’ expectations of C$102.11 million. As a group, analysts predict that Park Lawn will post 1.084724 EPS for the current fiscal year.

About Park Lawn

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.