Barrington analyst Alexander Paris reiterated a Buy rating on Carriage Services (CSV – Research Report) today and set a price target of $50.00.
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Alexander Paris has given his Buy rating due to a combination of factors that highlight Carriage Services’ strong performance and potential for growth. The company reported a notable increase in revenue for the first quarter, surpassing market expectations and showing a year-over-year growth in funeral contract volume for the first time in several quarters. This growth was driven by strategic pricing enhancements and a shift in funeral contract volume due to seasonal factors.
Furthermore, Carriage Services’ management has maintained a conservative yet optimistic outlook for 2025, with expectations of continued revenue and earnings growth. The stock’s current valuation presents an attractive opportunity, trading at a discount compared to its peers. The company’s strategic initiatives and market position, alongside its financial performance, support the Buy rating and a 12-month price target of $50.