Shares of StoneMor Partners L.P. (NYSE:STON) have been given an average broker rating score of 1.00 (Strong Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Four equities research analysts have rated the stock with a strong buy rating.
Analysts have set a one year consensus price target of $32.00 for the company and are expecting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also given StoneMor Partners L.P. an industry rank of 193 out of 265 based on the ratings given to related companies.
Separately, Raymond James Financial Inc. upgraded StoneMor Partners L.P. from an “outperform” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a report on Thursday, August 25th.
In other StoneMor Partners L.P. news, CFO Sean P. Mcgrath sold 1,262 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $24.92, for a total transaction of $31,449.04. Following the transaction, the chief financial officer now owns 3,774 shares in the company, valued at approximately $94,048.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC increased its position in StoneMor Partners L.P. by 5.1% in the second quarter. HighTower Advisors LLC now owns 18,424 shares of the company’s stock worth $461,000 after buying an additional 899 shares during the period. Global X Management Co. LLC boosted its stake in shares of StoneMor Partners L.P. by 10.9% in the second quarter. Global X Management Co. LLC now owns 214,353 shares of the company’s stock worth $5,370,000 after buying an additional 21,124 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of StoneMor Partners L.P. by 20.4% in the second quarter. JPMorgan Chase & Co. now owns 119,182 shares of the company’s stock worth $2,985,000 after buying an additional 20,230 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of StoneMor Partners L.P. during the second quarter worth approximately $287,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of StoneMor Partners L.P. by 1.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 102,310 shares of the company’s stock worth $2,563,000 after buying an additional 1,128 shares in the last quarter.
StoneMor Partners L.P. (NYSE:STON) opened at 25.04 on Thursday. StoneMor Partners L.P. has a 12-month low of $22.80 and a 12-month high of $31.15. The stock has a 50 day moving average price of $24.82 and a 200-day moving average price of $24.69. The company’s market cap is $887.39 million.
StoneMor Partners L.P. (NYSE:STON) last announced its quarterly earnings results on Friday, August 5th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.18. The company earned $75.55 million during the quarter, compared to the consensus estimate of $88.30 million. During the same quarter in the previous year, the company posted ($0.16) EPS. On average, analysts predict that StoneMor Partners L.P. will post ($0.67) EPS for the current fiscal year.
About StoneMor Partners L.P.
StoneMor Partners L.P. owns and operates cemeteries and funeral homes. The Company operates through two segments: Cemetery Operations and Funeral Homes. Its Cemetery Operations segment sells interment rights, caskets, burial vaults, cremation niches, markers and other cemetery related merchandise. Its Funeral Homes segment offers a range of services, including family consultation, final expense insurance products, the removal and preparation of remains, provision of caskets and related funeral merchandise, the use of funeral home facilities for visitation, worship and performance of funeral services, and transportation services.
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