Service Corp. International (SCI) Given $32.00 Average Price Target by Brokerages
Service Corp. International (NYSE:SCI) has been assigned a consensus broker rating score of 1.50 (Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and three have given a strong buy rating to the company. Service Corp. International’s rating score has declined by 50% in the last 90 days as a result of a number of analysts’ ratings changes.
Analysts have set a 12-month consensus price objective of $32.00 for the company and are anticipating that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also given Service Corp. International an industry rank of 111 out of 265 based on the ratings given to its competitors.
SCI has been the topic of a number of recent analyst reports. Oppenheimer Holdings Inc. boosted their price target on shares of Service Corp. International from $29.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, July 28th. Zacks Investment Research upgraded shares of Service Corp. International from a “sell” rating to a “hold” rating in a research report on Saturday, July 30th. Wells Fargo & Co. initiated coverage on shares of Service Corp. International in a research report on Tuesday, August 2nd. They issued a “market perform” rating on the stock. Finally, Bank of America Corp. initiated coverage on shares of Service Corp. International in a research report on Friday, September 30th. They issued a “buy” rating and a $32.00 price target on the stock.
In other news, Director W Blair Waltrip sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $27.07, for a total transaction of $135,350.00. Following the transaction, the director now directly owns 701,409 shares in the company, valued at $18,987,141.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael R. Webb sold 93,300 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $26.03, for a total transaction of $2,428,599.00. Following the transaction, the insider now owns 514,203 shares in the company, valued at $13,384,704.09. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Fox Run Management L.L.C. bought a new position in shares of Service Corp. International during the third quarter worth about $422,000. Creative Planning raised its position in shares of Service Corp. International by 1.6% in the third quarter. Creative Planning now owns 18,811 shares of the company’s stock worth $499,000 after buying an additional 291 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of Service Corp. International during the second quarter worth about $205,000. Mason Street Advisors LLC bought a new position in shares of Service Corp. International during the second quarter worth about $2,389,000. Finally, Stifel Financial Corp raised its position in shares of Service Corp. International by 0.8% in the second quarter. Stifel Financial Corp now owns 274,575 shares of the company’s stock worth $7,426,000 after buying an additional 2,242 shares during the last quarter. Institutional investors own 83.27% of the company’s stock.
Service Corp. International (NYSE:SCI) traded down 0.60% during midday trading on Friday, hitting $26.47. The stock had a trading volume of 177,237 shares. The stock’s 50 day moving average price is $26.47 and its 200-day moving average price is $26.63. The company has a market cap of $5.13 billion, a PE ratio of 28.87 and a beta of 0.81. Service Corp. International has a 52 week low of $20.21 and a 52 week high of $29.68.
Service Corp. International (NYSE:SCI) last posted its earnings results on Wednesday, July 27th. The company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.01. The business earned $751.70 million during the quarter, compared to the consensus estimate of $766.81 million. Service Corp. International had a net margin of 6.13% and a return on equity of 19.48%. The business’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 EPS. Equities research analysts predict that Service Corp. International will post $1.24 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.95%. Service Corp. International’s payout ratio is 57.14%.
Service Corp. International Company Profile
Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments are funeral and cemetery operations. The Company conducts both funeral and cemetery operations in the United States and Canada. It operates over 1,535 funeral service locations and over 470 cemeteries, which are diversified across over 45 states, over eight Canadian provinces, the District of Columbia, and Puerto Rico.
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