Carriage Services, the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Alexander Paris from Barrington reiterated a Buy rating on the stock and has a $60.00 price target.
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Alexander Paris has given his Buy rating due to a combination of factors that highlight Carriage Services’ strategic growth and financial potential. The company’s recent acquisition of Osceola Memory Gardens and other related businesses in the Orlando metropolitan area marks a significant return to inorganic growth, which had been paused for over two years as the company focused on reducing debt. This acquisition is expected to contribute positively to the company’s revenue and earnings in the latter half of 2025, aligning with management’s raised guidance for the year.
Additionally, Carriage Services’ introduction of the DRIVE business system, which emphasizes lean management and innovative execution, is a key component of its long-term strategy known as the 2030 Vision. This framework aims to enhance operational efficiency and support growth through quality acquisitions in expanding markets. Furthermore, the stock is currently trading at a discount compared to its peers, offering a potential upside of approximately 40% from current levels, which supports the reiterated OUTPERFORM rating and the increased price target of $60.
According to TipRanks, Paris is a 5-star analyst with an average return of 16.0% and a 66.33% success rate. Paris covers the Consumer Defensive sector, focusing on stocks such as Franklin Covey Company, Stride, and Universal Technical Institute.