Park Lawn’s (PLC) “Outperform” Rating Reiterated at Raymond James

Raymond James reiterated their outperform rating on shares of Park Lawn (TSE:PLC) in a research report report published on Friday, BayStreet.CA reports. The firm currently has a C$33.00 price target on the stock. Raymond James also issued estimates for Park Lawn’s Q4 2019 earnings at $0.24 EPS, FY2019 earnings at $0.87 EPS, Q1 2020 earnings at $0.25 EPS, Q2 2020 earnings at $0.26 EPS, Q3 2020 earnings at $0.28 EPS, Q4 2020 earnings at $0.29 EPS and FY2020 earnings at $1.09 EPS.

Other equities research analysts have also issued research reports about the company. TD Securities upped their target price on Park Lawn from C$33.00 to C$34.00 and gave the company a buy rating in a research report on Thursday. Canaccord Genuity upped their target price on Park Lawn from C$30.00 to C$31.00 in a research report on Wednesday, August 14th. National Bank Financial upped their target price on Park Lawn from C$31.50 to C$33.00 and gave the company an outperform rating in a research report on Thursday. Finally, CIBC lowered Park Lawn from an outperform rating to a neutral rating and set a C$30.00 target price on the stock. in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of C$32.79.

Shares of Park Lawn stock opened at C$29.03 on Friday. Park Lawn has a one year low of C$20.25 and a one year high of C$29.95. The company has a debt-to-equity ratio of 12.84, a current ratio of 2.50 and a quick ratio of 2.04. The stock’s 50-day moving average is C$27.91 and its 200 day moving average is C$27.66. The firm has a market cap of $821.01 million and a price-to-earnings ratio of 70.63.

In other Park Lawn news, Director Andrew Clark sold 25,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$26.12, for a total value of C$653,000.00. Following the transaction, the director now owns 230,610 shares in the company, valued at C$6,023,533.20.

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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Analyst Recommendations for Park Lawn (TSE:PLC)

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