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Park Lawn Corp (PLC-T)
TSE:PLC
23.80
0.71
(2.90%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
It has had issues but earnings are more stable.
N/A
Unknown
Editor's Note - The question was his preference over PLC and ATZ. PLC has had issues but earnings are more stable. ATZ is still a bit pricey. He likes it on valuation to growth but PLC is the better buy for the next year.
Large increase in share price unaccounted for.
Long term prospects for sector strong.
Management team will need to manage business prudently.
12 acquisitions in the last year, and that's one of the knocks against it. With higher interest rates, they'll have to pay more for funding. He sees the acquisitions being accretive to the story. Performing well. Not too late to add here.
Stockchaser Trevor Rose stresses that PLC is enjoying growth through acquisition, closing three in the last quarter of 2022 alone. Its Q3 2022 report announced last November a year-over-year increase in net revenues by 10.7%, greatly helped by these acquired operations. Management has a history of being disciplined and it offered positive guidance. Aging demographics are another tailwind, cash flows are strong, and barriers to entry remain high, so Park Lawn enjoys a moat. However, net margins shrank from 9.8% to 6.6% from Q3-2021 to Q3-2022, attributed to the pandemic. Park Lawn pays a modest dividend of 1.7%, which is safe at a payout ratio of 46.53%. Overall, this is a buy.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Profitability improved. Acquisitive pipeline in motion. Attractive valuation and improved payout ratio. Shares have gained >75% since pandemic low. Unlock Premium - Try 5i Free
Is very well managed. Grows by acquisition mostly. It's a higher PE stock. The pandemic saw an increase in mortality, but is slowing back eventually to normal. Can't comment on the technicals here.
Park Lawn Corp(PLC-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 8
Neutral - Hold Signals / Votes : 3
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 11
Park Lawn Corp(PLC-T) Frequently Asked Questions
What is Park Lawn Corp stock symbol?
Park Lawn Corp is a Canadian stock, trading under the symbol PLC-T on the Toronto Stock Exchange (PLC-CT). It is usually referred to as TSX:PLC or PLC-T
Is Park Lawn Corp a buy or a sell?
In the last year, 11 stock analysts published opinions about PLC-T. 8 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Park Lawn Corp.
Is Park Lawn Corp a good investment or a top pick?
Park Lawn Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Park Lawn Corp.
Why is Park Lawn Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Park Lawn Corp worth watching?
11 stock analysts on Stockchase covered Park Lawn Corp In the last year. It is a trending stock that is worth watching.
What is Park Lawn Corp stock price?
On 2023-06-05, Park Lawn Corp (PLC-T) stock closed at a price of $23.8.
