Service Co. International (NYSE:SCI) has earned an average rating of “Buy” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $46.17.
A number of research firms have weighed in on SCI. ValuEngine raised shares of Service Co. International from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Oppenheimer boosted their price objective on shares of Service Co. International from $42.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, October 26th. Credit Suisse Group boosted their price objective on shares of Service Co. International from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, September 17th. Zacks Investment Research raised shares of Service Co. International from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Thursday, August 2nd. Finally, Raymond James boosted their price objective on shares of Service Co. International from $45.00 to $47.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 31st.
Shares of NYSE SCI traded up $0.34 during midday trading on Monday, reaching $43.47. 19,887 shares of the company were exchanged, compared to its average volume of 1,442,217. The stock has a market cap of $7.80 billion, a PE ratio of 28.12, a PEG ratio of 1.90 and a beta of 1.03. Service Co. International has a one year low of $33.45 and a one year high of $44.53. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.49 and a current ratio of 0.54.
Service Co. International (NYSE:SCI) last posted its earnings results on Monday, October 29th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The company had revenue of $778.80 million for the quarter, compared to the consensus estimate of $762.60 million. Service Co. International had a return on equity of 22.47% and a net margin of 15.76%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. As a group, sell-side analysts predict that Service Co. International will post 1.82 earnings per share for the current fiscal year.
In related news, CEO Thomas L. Ryan sold 50,000 shares of the business’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $40.01, for a total value of $2,000,500.00. Following the sale, the chief executive officer now owns 1,035,109 shares of the company’s stock, valued at $41,414,711.09. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Steven A. Tidwell sold 32,150 shares of the business’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $41.80, for a total transaction of $1,343,870.00. Following the completion of the sale, the vice president now directly owns 78,747 shares in the company, valued at approximately $3,291,624.60. The disclosure for this sale can be found here. In the last three months, insiders sold 482,150 shares of company stock worth $19,729,670. 6.60% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of SCI. Fort L.P. acquired a new position in Service Co. International in the second quarter valued at $120,000. TRUE Private Wealth Advisors acquired a new position in Service Co. International in the third quarter valued at $125,000. Steward Partners Investment Advisory LLC lifted its holdings in Service Co. International by 707.3% in the third quarter. Steward Partners Investment Advisory LLC now owns 3,423 shares of the company’s stock valued at $151,000 after buying an additional 2,999 shares during the period. Hirtle Callaghan & Co LLC acquired a new position in Service Co. International in the second quarter valued at $161,000. Finally, Townsend & Associates Inc acquired a new position in Service Co. International in the third quarter valued at $164,000. 86.57% of the stock is currently owned by institutional investors.
About Service Co. International
Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.
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