Park Lawn (TSE:PLC) Price Target Raised to C$29.00

Park Lawn (TSE:PLC) had its price objective boosted by National Bank Financial from C$28.00 to C$29.00 in a research note published on Wednesday, March 27th, Stock Target Advisor reports. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Park Lawn’s Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.21 EPS, Q4 2019 earnings at $0.21 EPS, FY2019 earnings at $0.83 EPS and FY2020 earnings at $0.99 EPS.

A number of other brokerages have also recently issued reports on PLC. TD Securities increased their price objective on Park Lawn from C$31.00 to C$32.00 and gave the stock a buy rating in a report on Thursday, February 21st. Raymond James set a C$30.00 target price on Park Lawn and gave the stock a strong-buy rating in a research note on Thursday, December 20th. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of C$30.58.

Shares of TSE PLC traded up C$0.22 during trading on Wednesday, reaching C$25.45. 78,500 shares of the stock traded hands, compared to its average volume of 68,533. Park Lawn has a 52-week low of C$20.25 and a 52-week high of C$27.95. The company has a debt-to-equity ratio of 23.98, a current ratio of 2.85 and a quick ratio of 2.23. The stock has a market capitalization of $588.79 million and a PE ratio of 78.31.

Park Lawn (TSE:PLC) last issued its quarterly earnings data on Tuesday, March 26th. The company reported C$0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.01. The company had revenue of C$50.63 million for the quarter, compared to analysts’ expectations of C$49.40 million. As a group, equities analysts expect that Park Lawn will post 1.2 EPS for the current fiscal year.

About Park Lawn

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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