Park Lawn Corp (TSE:PLC)’s stock price dropped 0.3% during mid-day trading on Friday . The company traded as low as C$25.84 and last traded at C$25.92, approximately 16,729 shares changed hands during mid-day trading. A decline of 79% from the average daily volume of 78,805 shares. The stock had previously closed at C$26.01.

PLC has been the topic of a number of recent research reports. Canaccord Genuity upped their target price on shares of Park Lawn from C$30.00 to C$31.00 in a report on Wednesday, August 14th. Raymond James restated a “strong-buy” rating and issued a C$32.00 target price on shares of Park Lawn in a report on Wednesday, August 14th. CIBC reduced their target price on shares of Park Lawn from C$32.00 to C$30.00 in a report on Wednesday, August 14th. Finally, National Bank Financial reduced their target price on shares of Park Lawn from C$33.00 to C$31.50 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$32.29.

The company has a market capitalization of $762.12 million and a PE ratio of 63.70. The company has a debt-to-equity ratio of 12.84, a quick ratio of 2.04 and a current ratio of 2.50. The stock’s fifty day simple moving average is C$26.56 and its 200-day simple moving average is C$26.98.

Park Lawn (TSE:PLC) last released its earnings results on Monday, August 12th. The company reported C$0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.24 by C($0.05). The business had revenue of C$58.57 million for the quarter, compared to the consensus estimate of C$59.22 million. On average, equities analysts anticipate that Park Lawn Corp will post 0.83 EPS for the current year.

The business also recently disclosed a monthly dividend, which was paid on Monday, September 16th. Stockholders of record on Saturday, August 31st were issued a dividend of $0.038 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.46 annualized dividend and a dividend yield of 1.74%. Park Lawn’s payout ratio is currently 110.95%.

In other news, Director Andrew Clark sold 25,000 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$26.12, for a total transaction of C$653,000.00. Following the transaction, the director now directly owns 230,610 shares in the company, valued at approximately C$6,023,533.20.

Park Lawn Company Profile (TSE:PLC)

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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