Park Lawn Co. (TSE:PLC) Receives C$30.71 Consensus PT from Analysts

Posted by on Oct 6th, 2023

Park Lawn Co. (TSE:PLC – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$29.25.

A number of brokerages recently weighed in on PLC. Scotiabank cut their price objective on Park Lawn from C$33.50 to C$28.00 and set an “outperform” rating on the stock in a research note on Tuesday. CIBC dropped their price target on Park Lawn from C$29.00 to C$23.50 and set a “neutral” rating on the stock in a research report on Wednesday. Cormark dropped their price target on Park Lawn from C$36.00 to C$27.00 in a research report on Tuesday. Stifel Nicolaus dropped their price target on Park Lawn from C$34.00 to C$32.00 in a research report on Monday, August 14th. Finally, Royal Bank of Canada dropped their price target on Park Lawn from C$36.00 to C$33.00 and set an “outperform” rating on the stock in a research report on Monday, August 14th.

Read Our Latest Stock Report on Park Lawn

Park Lawn Stock Up 2.1 %

Shares of Park Lawn stock opened at C$18.70 on Tuesday. The firm has a market cap of C$640.85 million, a price-to-earnings ratio of 25.27, a P/E/G ratio of 14.67 and a beta of 1.14. The company has a debt-to-equity ratio of 48.79, a current ratio of 1.92 and a quick ratio of 1.78. Park Lawn has a 52-week low of C$17.88 and a 52-week high of C$29.15. The stock has a 50-day simple moving average of C$21.58 and a 200-day simple moving average of C$24.10.

Park Lawn (TSE:PLC – Get Free Report) last announced its quarterly earnings results on Thursday, August 10th. The company reported C$0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.29 by C$0.01. Park Lawn had a return on equity of 3.42% and a net margin of 5.68%. The business had revenue of C$114.55 million during the quarter, compared to analyst estimates of C$115.05 million. On average, equities research analysts expect that Park Lawn will post 1.5425268 earnings per share for the current fiscal year.

Park Lawn Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $0.114 dividend. This represents a $0.46 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, September 28th. Park Lawn’s dividend payout ratio is 62.16%.

About Park Lawn

(Get Free Report

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, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral, after life celebration, cemetery, and cremation services.

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Analyst Recommendations for Park Lawn (TSE:PLC)

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