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

Service Co. International (NYSE:SCI) had its price target hoisted by equities research analysts at Raymond James from $80.00 to $85.00 in a report issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential upside of 4.08% from the company’s current price.

SCI has been the subject of several other research reports. StockNews.com raised Service Co. International from a “sell” rating to a “hold” rating in a report on Thursday. Truist Financial boosted their price target on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Service Co. International presently has a consensus rating of “Moderate Buy” and an average price target of $85.25.

Service Co. International Trading Up 0.0 %

Shares of SCI traded up $0.02 during trading hours on Friday, reaching $81.67. The stock had a trading volume of 751,380 shares, compared to its average volume of 902,772. Service Co. International has a 52 week low of $56.38 and a 52 week high of $83.24. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 3.05. The company has a market cap of $11.79 billion, a P/E ratio of 23.74, a P/E/G ratio of 2.20 and a beta of 0.84. The firm has a 50-day moving average of $77.57 and a 200 day moving average of $74.03.

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

Insider Activity at Service Co. International

In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 988,365 shares of the company’s stock, valued at approximately $73,109,359.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ellen Ochoa sold 2,642 shares of the firm’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 disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Service Co. International

A number of institutional investors and hedge funds have recently bought and sold shares of SCI. nVerses Capital LLC grew its holdings in Service Co. International by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Whittier Trust Co. grew its stake in shares of Service Co. International by 406.5% in the first quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after purchasing an additional 435 shares during the last quarter. Blue Trust Inc. lifted its holdings in Service Co. International by 121.9% during the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after buying an additional 389 shares during the period. Quarry LP grew its position in shares of Service Co. International by 258.6% in the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after buying an additional 569 shares during the last quarter. Finally, Waldron Private Wealth LLC bought a new stake in shares of Service Co. International in the 3rd quarter valued at about $57,000. Institutional investors and hedge funds 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.