The stock of Carriage Services, Inc. (NYSE:CSV) hit a new 52-week high and has $77.14 target or 196.00% above today’s $26.06 share price. The 8 months bullish chart indicates low risk for the $439.86 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $77.14 price target is reached, the company will be worth $862.13 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 177,902 shares traded hands or 62.70% up from the average. Carriage Services, Inc. (NYSE:CSV) has risen 18.12% since April 15, 2016 and is uptrending. It has outperformed by 13.50% the S&P500.
Carriage Services, Inc. (NYSE:CSV) Ratings Coverage
Out of 2 analysts covering Carriage Services (NYSE:CSV), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Carriage Services has been the topic of 2 analyst reports since November 11, 2015 according to StockzIntelligence Inc. The stock of Carriage Services, Inc. (NYSE:CSV) has “Outperform” rating given on Thursday, September 22 by Barrington Research. Oppenheimer initiated the stock with “Outperform” rating in Wednesday, November 11 report.
According to Zacks Investment Research, “Carriage Services, Inc. is a leading provider of death care services and products in the United States. Carriage provides a complete range of services relating to funerals, burials and cremations, including the use of funeral homes and motor vehicles, the performance of cemetery interment services and the management and maintenance of cemetery grounds. They also sell related products and merchandise including caskets, burial vaults, garments, cemetery interment rights, stone and bronze memorials, as well as other items.”
Insitutional Activity: The institutional sentiment decreased to 0.78 in 2016 Q2. Its down 0.01, from 0.79 in 2016Q1. The ratio dived, as 7 funds sold all Carriage Services, Inc. shares owned while 39 reduced positions. 10 funds bought stakes while 26 increased positions. They now own 12.56 million shares or 3.03% less from 12.96 million shares in 2016Q1.
Tudor Investment Et Al holds 0.01% of its portfolio in Carriage Services, Inc. (NYSE:CSV) for 11,907 shares. Moreover, Mechanics Bancorp Trust Department has 0.09% invested in Carriage Services, Inc. (NYSE:CSV) for 10,000 shares. Bard Assocs holds 172,012 shares or 2.16% of its portfolio. Pnc Fincl Services Grp Inc Inc last reported 0% of its portfolio in the stock. Macquarie Gp holds 0% or 5,184 shares in its portfolio. Tiverton Asset Ltd Liability holds 0.9% of its portfolio in Carriage Services, Inc. (NYSE:CSV) for 373,431 shares. Eqis Cap accumulated 14,479 shares or 0.02% of the stock. Teacher Retirement Sys Of Texas accumulated 2,189 shares or 0% of the stock. New York State Teachers Retirement Systems last reported 0% of its portfolio in the stock. Allianz Asset Management Ag holds 228,952 shares or 0% of its portfolio. Adirondack Research And owns 15,226 shares or 0.14% of their US portfolio. American Financial Grp owns 13,438 shares or 0.02% of their US portfolio. Guggenheim Capital Ltd Liability Com accumulated 79,165 shares or 0.01% of the stock. Tiaa Cref Investment Lc has invested 0% of its portfolio in Carriage Services, Inc. (NYSE:CSV). Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in the company for 732 shares.
Insider Transactions: Since June 1, 2016, the stock had 2 insider buys, and 0 sales for $145,848 net activity. Shares for $28,248 were bought by Brink Carl Benjamin. $117,600 worth of Carriage Services, Inc. (NYSE:CSV) was bought by Leibman Bryan.
More notable recent Carriage Services, Inc. (NYSE:CSV) news were published by: Prnewswire.com which released: “Carriage Services Announces Acquisition of Rich & Thompson Funeral Services in …” on November 15, 2016, also Bizjournals.com with their article: “Long-established local funeral service aligns with Houston’s Carriage Services” published on November 16, 2016, Prnewswire.com published: “Carriage Services Announces Purchase of Becker Ritter Funeral Home in …” on November 08, 2016. More interesting news about Carriage Services, Inc. (NYSE:CSV) were released by: Prnewswire.com and their article: “Carriage Services to Attend the Sidoti & Company Fall 2016 Emerging Growth …” published on November 01, 2016 as well as Prnewswire.com‘s news article titled: “Carriage Services Announces Purchase of Jay Chapel in Madera, California” with publication date: September 20, 2016.
CSV Company Profile
Carriage Services, Inc., incorporated on December 29, 1993, is a well-known provider of death care services and merchandise in the United States. The Firm operates in two business divisions: Funeral Home Operations and Cemetery Operations. The Firm serves suburban and rural markets. The Firm provides funeral and cemetery services and products on both at-need (time of death) and preneed (planned prior to death) basis. The Firm also maintains various trusts in connection with funeral home and cemetery operations, including preneed funeral trusts, preneed cemetery merchandise and service trusts, and cemetery perpetual care trusts.
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