Service Co. International (NYSE:SCI) Receives Average Recommendation of “Buy” from Analysts

Shares of Service Co. International (NYSE:SCI) have been given an average rating of “Buy” by the five analysts that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have covered the stock in the last year is $78.00.

A number of analysts recently weighed in on SCI shares. UBS Group lifted their price target on Service Co. International from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Truist Financial upped their price target on shares of Service Co. International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. Finally, Oppenheimer raised their price objective on shares of Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd.

Insider Activity at Service Co. International

In other Service Co. International news, Director Victor L. Lund sold 1,011 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were 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 $532,420. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Tony Coelho sold 2,900 shares of Service Co. International stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $72.38, for a total transaction of $209,902.00. Following the completion of the sale, the director now owns 60,629 shares in the company, valued at approximately $4,388,327.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Victor L. Lund sold 1,011 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $70.00, for a total transaction of $70,770.00. Following the completion of the transaction, the director now owns 7,606 shares in the company, valued at $532,420. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,517 shares of company stock valued at $813,092. Insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Service Co. International

A number of institutional investors have recently modified their holdings of SCI. QRG Capital Management Inc. acquired a new position in Service Co. International in the 3rd quarter valued at $295,000. Envestnet Portfolio Solutions Inc. acquired a new position in Service Co. International in the third quarter valued at $1,689,000. Envestnet Asset Management Inc. lifted its position in Service Co. International by 26.5% during the third quarter. Envestnet Asset Management Inc. now owns 245,392 shares of the company’s stock worth $14,022,000 after buying an additional 51,450 shares during the period. Hsbc Holdings PLC boosted its stake in Service Co. International by 163.7% in the 3rd quarter. Hsbc Holdings PLC now owns 309,490 shares of the company’s stock worth $17,792,000 after buying an additional 192,119 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in Service Co. International by 5.6% in the 3rd quarter. LPL Financial LLC now owns 146,981 shares of the company’s stock valued at $8,398,000 after buying an additional 7,831 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Service Co. International Stock Performance

NYSE:SCI opened at $71.74 on Friday. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 1.97 and a beta of 0.85. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.62 and a quick ratio of 0.57. Service Co. International has a 1-year low of $52.89 and a 1-year high of $75.97. The firm’s fifty day moving average price is $71.00 and its 200 day moving average price is $70.49.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.04. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the company posted $0.93 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, sell-side analysts expect that Service Co. International will post 3.66 EPS for the current year.

Service Co. International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, June 14th. Service Co. International’s dividend payout ratio (DPR) is presently 34.48%.

About Service Co. International

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.