Raymond James reissued their strong-buy rating on shares of Park Lawn (TSE:PLC) in a research note released on Wednesday, BayStreet.CA reports. They currently have a C$32.00 price target on the stock. Raymond James also issued estimates for Park Lawn’s Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.28 EPS, FY2019 earnings at $0.94 EPS, Q1 2020 earnings at $0.28 EPS, Q2 2020 earnings at $0.29 EPS, Q3 2020 earnings at $0.35 EPS, Q4 2020 earnings at $0.36 EPS and FY2020 earnings at $1.28 EPS.
Other equities research analysts have also issued reports about the stock. GMP Securities reissued an average rating and set a C$36.00 target price on shares of Park Lawn in a report on Monday, May 13th. TD Securities boosted their target price on shares of Park Lawn from C$31.00 to C$33.00 and gave the stock a buy rating in a report on Thursday, May 9th. CIBC reduced their target price on shares of Park Lawn from C$32.00 to C$30.00 in a report on Wednesday. Canaccord Genuity boosted their target price on shares of Park Lawn from C$30.00 to C$31.00 in a report on Wednesday. Finally, National Bank Financial reduced their target price on shares of Park Lawn from C$33.00 to C$31.50 and set an outperform rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of C$32.29.
PLC traded down C$0.60 during trading on Wednesday, reaching C$27.43. 5,685 shares of the company’s stock were exchanged, compared to its average volume of 80,639. Park Lawn has a one year low of C$20.25 and a one year high of C$29.94. The company has a quick ratio of 2.02, a current ratio of 2.56 and a debt-to-equity ratio of 25.24. The stock has a market capitalization of $792.94 million and a PE ratio of 74.34. The stock has a fifty day moving average price of C$28.16.
Park Lawn (TSE:PLC) last posted its earnings results on Tuesday, May 14th. The company reported C$0.22 earnings per share for the quarter, hitting the Zacks’ consensus estimate of C$0.22. The business had revenue of C$50.15 million for the quarter, compared to the consensus estimate of C$51.08 million. As a group, equities research analysts anticipate that Park Lawn will post 1.23 earnings per share for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be paid a $0.038 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Tuesday, July 30th. Park Lawn’s dividend payout ratio is currently 123.58%.
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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