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

Service Co. International (NYSE:SCI) had its price objective lifted by equities researchers at Raymond James from $80.00 to $85.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 4.08% from the stock’s previous close.

A number of other equities analysts have also commented on SCI. Truist Financial raised their price target on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Friday. StockNews.com raised shares of Service Co. International from a “sell” rating to a “hold” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $85.25.

Service Co. International Stock Up 0.0 %

Shares of NYSE:SCI traded up $0.02 during trading on Friday, reaching $81.67. 751,380 shares of the stock were exchanged, compared to its average volume of 902,772. The firm has a market cap of $11.79 billion, a price-to-earnings ratio of 23.74, a price-to-earnings-growth ratio of 2.20 and a beta of 0.84. The stock has a fifty day moving average of $77.57 and a two-hundred day moving average of $74.03. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.55 and a quick ratio of 0.51. Service Co. International has a 1-year low of $56.38 and a 1-year high of $83.24.

Service Co. International (NYSE:SCI) last posted its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 32.20%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 earnings per share. Research analysts anticipate that Service Co. International will post 3.52 earnings per share for the current fiscal year.

Insider Activity at Service Co. International

In related news, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction dated 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 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 SEC, which can be accessed through this hyperlink. In related news, Director Ellen Ochoa sold 2,642 shares of the business’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas L. Ryan sold 80,638 shares of Service Co. International stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the transaction, the chief executive officer now owns 988,365 shares in the company, valued at $73,109,359.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Service Co. International

Several institutional investors and hedge funds have recently bought and sold shares of SCI. Capital Performance Advisors LLP purchased a new stake in Service Co. International in the 3rd quarter worth approximately $80,000. Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of Service Co. International in the third quarter worth approximately $217,000. Moloney Securities Asset Management LLC increased its stake in shares of Service Co. International by 1.4% in the third quarter. Moloney Securities Asset Management LLC now owns 13,582 shares of the company’s stock worth $1,072,000 after purchasing an additional 182 shares in the last quarter. Quintet Private Bank Europe S.A. raised its position in shares of Service Co. International by 11.0% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 37,709 shares of the company’s stock valued at $2,976,000 after purchasing an additional 3,729 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in Service Co. International by 4.2% during the third quarter. QRG Capital Management Inc. now owns 5,396 shares of the company’s stock valued at $426,000 after acquiring an additional 217 shares during the period. 85.53% of the stock is currently 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.