Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Carriage Services Inc (NYSE: CSV) improved in recent days. CSV’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Carriage Services Inc (NYSE: CSV) stock increased 1.3% on 6/21/24. The shares closed at $27.28. Moreover, trading volume in this advance was above average at 134% of normal. The stock has performed in line with the market over the last nine months and has declined -5.9% during the last week.
Current PriceTarget Research Rating
CSV is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Carriage Services has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Carriage Services has a slightly negative Appreciation Score of 37 and a neutral Power Rating of 59, resulting in the Low Neutral Value Trend Rating.
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