Stock Rating Downgrade
Of late the Value Trend Rating for Carriage Services Inc (NYSE: CSV) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 11/17/23, Carriage Services Inc (NYSE: CSV) stock enjoyed a very large increase of 5.5%, closing at $22.58. Relative to the market the stock has been weak over the last nine months but has risen 6.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CSV is expected to continue to be a major Value Builder.
Carriage Services has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Carriage Services has a slightly negative Appreciation Score of 38 and a slightly negative Power Rating of 31, resulting in the Negative Value Trend Rating.
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