UBS Group Raises Service Co. International (NYSE:SCI) Price Target to $85.00

Service Co. International (NYSE:SCI) had its target price raised by UBS Group from $83.00 to $85.00 in a research report report published on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Oppenheimer lifted their target price on shares of Service Co. International from $71.00 to $76.00 and gave the stock an outperform rating in a research note on Friday, February 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $76.20.

Service Co. International Price Performance

Shares of NYSE:SCI traded down $0.03 on Friday, hitting $70.75. The company had a trading volume of 801,236 shares, compared to its average volume of 942,832. The company has a current ratio of 0.62, a quick ratio of 0.57 and a debt-to-equity ratio of 2.90. The company has a market cap of $10.30 billion, a PE ratio of 20.33, a PEG ratio of 1.91 and a beta of 0.81. Service Co. International has a 52-week low of $52.89 and a 52-week high of $75.97. The business has a 50 day moving average of $71.44 and a 200 day moving average of $68.25.

Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, May 1st. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. As a group, equities analysts anticipate that Service Co. International will post 3.66 earnings per share for the current fiscal year.

Service Co. International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.30 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.70%. Service Co. International’s payout ratio is 33.33%.

Insider Buying and Selling

In other Service Co. International news, CEO Thomas L. Ryan sold 16,580 shares of Service Co. International stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $72.20, for a total value of $1,197,076.00. Following the transaction, the chief executive officer now owns 988,365 shares in the company, valued at approximately $71,359,953. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Thomas L. Ryan sold 16,580 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $72.20, for a total value of $1,197,076.00. Following the transaction, the chief executive officer now directly owns 988,365 shares in the company, valued at approximately $71,359,953. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Victor L. Lund sold 1,011 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $70.00, for a total value of $70,770.00. Following the sale, the director now owns 7,606 shares of the company’s stock, valued at approximately $532,420. The disclosure for this sale can be found here. Over the last quarter, insiders sold 211,292 shares of company stock valued at $15,670,096. Insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Service Co. International

Hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its position in Service Co. International by 17.6% in the third quarter. Commonwealth Equity Services LLC now owns 27,843 shares of the company’s stock valued at $1,591,000 after purchasing an additional 4,159 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Service Co. International by 6.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 10,820 shares of the company’s stock worth $618,000 after acquiring an additional 620 shares in the last quarter. Raymond James & Associates boosted its holdings in Service Co. International by 1.8% in the 3rd quarter. Raymond James & Associates now owns 57,727 shares of the company’s stock worth $3,298,000 after acquiring an additional 1,016 shares during the period. Fifth Third Bancorp grew its position in Service Co. International by 45.4% in the third quarter. Fifth Third Bancorp now owns 1,224 shares of the company’s stock valued at $70,000 after acquiring an additional 382 shares in the last quarter. Finally, M&T Bank Corp raised its stake in shares of Service Co. International by 6.0% during the third quarter. M&T Bank Corp now owns 14,761 shares of the company’s stock valued at $843,000 after purchasing an additional 839 shares during the period. 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.