Park Lawn (TSE:PLC) Earns “Strong-Buy” Rating from Raymond James

Park Lawn (TSE:PLC)‘s stock had its “strong-buy” rating reiterated by equities research analysts at Raymond James in a report released on Wednesday, BayStreet.CA reports. They presently have a C$32.00 target price on the stock. Raymond James’ price target points to a potential upside of 16.66% from the stock’s current price. Raymond James also issued estimates for Park Lawn’s Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.28 EPS, FY2019 earnings at $0.94 EPS, Q1 2020 earnings at $0.28 EPS, Q2 2020 earnings at $0.29 EPS, Q3 2020 earnings at $0.35 EPS, Q4 2020 earnings at $0.36 EPS and FY2020 earnings at $1.28 EPS.

Several other equities analysts have also recently issued reports on the company. GMP Securities reaffirmed an “average” rating and issued a C$36.00 price objective on shares of Park Lawn in a research report on Monday, May 13th. National Bank Financial lowered their price objective on Park Lawn from C$33.00 to C$31.50 and set an “outperform” rating on the stock in a research report on Wednesday. Canaccord Genuity upped their price objective on Park Lawn from C$30.00 to C$31.00 in a research report on Wednesday. TD Securities upped their price objective on Park Lawn from C$31.00 to C$33.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, CIBC decreased their target price on shares of Park Lawn from C$32.00 to C$30.00 in a research note on Wednesday. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$32.29.

PLC stock opened at C$27.43 on Wednesday. The company has a market cap of $792.94 million and a PE ratio of 74.34. Park Lawn has a 12-month low of C$20.25 and a 12-month high of C$29.94. The company has a debt-to-equity ratio of 25.24, a current ratio of 2.56 and a quick ratio of 2.02. The company has a 50 day simple moving average of C$28.16.

Park Lawn (TSE:PLC) last released its quarterly earnings data on Tuesday, May 14th. The company reported C$0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.22. The business had revenue of C$50.15 million during the quarter, compared to the consensus estimate of C$51.08 million. As a group, analysts predict that Park Lawn will post 1.23 EPS for the current year.

Park Lawn Company Profile

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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