Service Co. International (NYSE:SCI) Price Target Raised to $85.00

Service Co. International (NYSE:SCI) had its price objective increased by Raymond James from $80.00 to $85.00 in a research note released on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts also recently issued reports on the company. StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a research report on Thursday. Truist Financial boosted their price target on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.25.

Service Co. International Price Performance

Shares of NYSE:SCI opened at $81.62 on Friday. The business’s 50 day simple moving average is $77.65 and its 200-day simple moving average is $74.18. The firm has a market capitalization of $11.79 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 2.36 and a beta of 0.83. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.51. Service Co. International has a 12 month low of $56.38 and a 12 month high of $83.24.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm posted $0.78 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts forecast that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Service Co. International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 1.47%. Service Co. International’s dividend payout ratio is presently 34.88%.

Insider Activity

In other news, Director Ellen Ochoa sold 2,642 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Thomas L. Ryan sold 80,638 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the completion of the sale, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at approximately $73,109,359.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.

Institutional Trading of Service Co. International

A number of institutional investors have recently added to or reduced their stakes in the business. Inspire Investing LLC boosted its position in Service Co. International by 3.1% during the 2nd quarter. Inspire Investing LLC now owns 4,969 shares of the company’s stock worth $353,000 after purchasing an additional 148 shares during the period. Fifth Third Bancorp boosted its position in Service Co. International by 14.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,226 shares of the company’s stock valued at $87,000 after buying an additional 151 shares during the last quarter. UMB Bank n.a. boosted its position in Service Co. International by 7.8% in the 3rd quarter. UMB Bank n.a. now owns 2,167 shares of the company’s stock valued at $171,000 after buying an additional 156 shares during the last quarter. Larson Financial Group LLC boosted its position in Service Co. International by 5.6% in the 2nd quarter. Larson Financial Group LLC now owns 3,020 shares of the company’s stock valued at $215,000 after buying an additional 159 shares during the last quarter. Finally, HB Wealth Management LLC boosted its position in Service Co. International by 3.5% in the 2nd quarter. HB Wealth Management LLC now owns 4,894 shares of the company’s stock valued at $348,000 after buying an additional 165 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

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.