Service Co. International (NYSE:SCI) Stock Price Expected to Rise, Oppenheimer Analyst Says

Service Co. International (NYSE:SCI) had its price objective boosted by research analysts at Oppenheimer from $86.00 to $92.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price points to a potential upside of 6.70% from the company’s current price.

SCI has been the subject of several other research reports. Truist Financial boosted their price objective on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Raymond James boosted their target price on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.50.

Service Co. International Stock Performance

NYSE SCI opened at $86.22 on Friday. The firm has a market cap of $12.47 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 2.51 and a beta of 0.85. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91. The company’s 50 day moving average is $82.12 and its 200-day moving average is $77.40. Service Co. International has a 12-month low of $64.10 and a 12-month high of $89.37.

Service Co. International (NYSE:SCI) last posted its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the business posted $0.78 earnings per share. The business’s quarterly revenue was up 1.2% on a year-over-year basis. Sell-side analysts predict that Service Co. International will post 3.51 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Tony Coelho sold 2,555 shares of Service Co. International stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total value of $218,810.20. Following the transaction, the director now owns 53,324 shares in the company, valued at approximately $4,566,667.36. The trade was a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Elisabeth G. Nash sold 56,100 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $86.13, for a total value of $4,831,893.00. Following the sale, the vice president now owns 109,260 shares of the company’s stock, valued at $9,410,563.80. This represents a 33.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,655 shares of company stock valued at $9,356,203 over the last 90 days. Insiders own 5.10% of the company’s stock.

Institutional Trading of Service Co. International

A number of institutional investors have recently made changes to their positions in SCI. Franklin Resources Inc. increased its holdings in Service Co. International by 263.1% during the 3rd quarter. Franklin Resources Inc. now owns 15,912 shares of the company’s stock valued at $1,206,000 after purchasing an additional 11,530 shares during the period. Tidal Investments LLC grew its position in shares of Service Co. International by 4,977.3% in the 3rd quarter. Tidal Investments LLC now owns 155,567 shares of the company’s stock worth $12,279,000 after buying an additional 152,503 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Service Co. International by 33.2% during the third quarter. Sanctuary Advisors LLC now owns 6,388 shares of the company’s stock valued at $557,000 after buying an additional 1,594 shares during the period. Coldstream Capital Management Inc. purchased a new stake in shares of Service Co. International in the 3rd quarter worth about $228,000. Finally, Geode Capital Management LLC boosted its stake in shares of Service Co. International by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock valued at $253,567,000 after purchasing an additional 156,086 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.