Park Lawn Co. (TSE:PLC) Receives Average Recommendation of “Buy” from Brokerages

Shares of Park Lawn Co. (TSE:PLC) have been given an average recommendation of “Buy” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$24.44.

Several equities analysts recently issued reports on the stock. National Bankshares lifted their price objective on shares of Park Lawn from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Stifel Nicolaus lifted their price objective on shares of 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 lifted their price objective on shares of Park Lawn from C$23.00 to C$24.00 in a report on Monday, May 13th. Cormark lifted their price objective on shares of Park Lawn from C$24.00 to C$26.50 in a report on Wednesday, June 5th. Finally, CIBC lowered shares of Park Lawn from a “neutral” rating to a “tender” rating and lifted their price objective for the company from C$21.00 to C$26.50 in a report on Tuesday, June 4th.

Park Lawn Stock Performance

Shares of TSE:PLC opened at C$26.24 on Friday. The firm has a market cap of C$896.62 million, a PE ratio of -93.71, a price-to-earnings-growth ratio of 14.67 and a beta of 1.20. The firm’s 50 day simple moving average is C$21.98 and its 200-day simple moving average is C$19.59. Park Lawn has a one year low of C$15.48 and a one year high of C$26.35. The company has a debt-to-equity ratio of 43.09, a quick ratio of 1.78 and a current ratio of 1.94.

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

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.