Carriage Services (CSV) Initiated with a Buy at Barrington

By Austin Angelo

In a report released today, Alexander Paris from Barrington initiated coverage with a Buy rating on Carriage Services (CSVResearch Report) and a price target of $30.00. The company’s shares closed last Tuesday at $21.17.

According to TipRanks.com, Paris is a 2-star analyst with an average return of 0.0% and a 38.1% success rate. Paris covers the Services sector, focusing on stocks such as Universal Technical Institute, American Public Education, and Adtalem Global Education.

Carriage Services has an analyst consensus of Moderate Buy, with a price target consensus of $30.00.

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The company has a one-year high of $28.50 and a one-year low of $13.54. Currently, Carriage Services has an average volume of 127.3K.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CSV in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Carriage Services, Inc. provides funeral and cemetery services and products in the United States of America. It operates through the following segments: Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers a complete suite of services to meet families funeral needs, including consultation, the removal and preparation of remains, the sale of caskets and related funeral merchandise, the use of funeral homes for visitation and remembrance services and transportation services. The Cemetery Operations segment provide interment rights and related merchandise, such as markers and outer burial containers. The company was founded by Melvin C. Payne in 1991 and is headquartered in Houston, TX.