Park Lawn Corp (PLC) Receives Consensus Rating of “Buy” from Analysts

Shares of Park Lawn Corp (TSE:PLC) have been assigned an average rating of “Buy” from the seven analysts that are covering the firm, reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$29.42.

A number of brokerages have commented on PLC. TD Securities cut their price objective on shares of Park Lawn from C$32.00 to C$31.00 and set a “buy” rating for the company in a research report on Thursday, November 15th. CIBC cut their price objective on shares of Park Lawn from C$29.00 to C$26.00 in a research report on Thursday, November 15th. Finally, National Bank Financial upped their price objective on shares of Park Lawn from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 15th.

Shares of TSE:PLC opened at C$20.88 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 2.71 and a debt-to-equity ratio of 12.86. Park Lawn has a 1-year low of C$20.10 and a 1-year high of C$27.95.

Park Lawn (TSE:PLC) last issued its quarterly earnings results on Tuesday, November 13th. The company reported C$0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.17 by C$0.02. The business had revenue of C$43.24 million for the quarter, compared to analyst estimates of C$43.22 million. On average, equities analysts forecast that Park Lawn will post 1.05999989595093 EPS for the current year.

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st were given a dividend of $0.038 per share. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $0.46 dividend on an annualized basis and a yield of 2.18%. Park Lawn’s payout ratio is currently 229.15%.

Park Lawn Company Profile

Park Lawn Corporation, together with its subsidiaries, provides goods and services associated with the disposition and memorialization of human remains in Canada and the United States. It owns and operates cemeteries, crematoriums, and funeral homes. The company also engages in chapels, planning offices, and transfer service businesses.

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Analyst Recommendations for Park Lawn (TSE:PLC)

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