Raymond James Increases Service Co. International (NYSE:SCI) Price Target to $85.00

Service Co. International (NYSE:SCI) had its target price hoisted by Raymond James from $80.00 to $85.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

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

Service Co. International Trading Down 0.0 %

Shares of NYSE:SCI traded down $0.03 during mid-day trading on Friday, reaching $81.62. 1,451,994 shares of the company’s stock were exchanged, compared to its average volume of 928,495. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.51 and a current ratio of 0.52. Service Co. International has a twelve month low of $56.38 and a twelve month high of $83.24. The firm has a market capitalization of $11.79 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.36 and a beta of 0.83. The business’s fifty day moving average price is $77.65 and its 200-day moving average price is $74.11.

Service Co. International (NYSE:SCI) last announced its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. On average, research analysts predict that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 annualized dividend and a yield of 1.47%. Service Co. International’s dividend payout ratio (DPR) is currently 34.88%.

Insider Buying and Selling at Service Co. International

In other 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 value of $5,964,792.86. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, 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 sale, the chief executive officer now directly owns 988,365 shares in the company, valued at approximately $73,109,359.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ellen Ochoa sold 2,642 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was 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. Company insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Service Co. International

Several institutional investors and hedge funds have recently bought and sold shares of the company. Swedbank AB bought a new position in shares of Service Co. International during the 1st quarter worth $224,137,000. Select Equity Group L.P. boosted its position in Service Co. International by 53.5% during the second quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock worth $514,966,000 after purchasing an additional 2,524,795 shares during the period. Jennison Associates LLC increased its stake in shares of Service Co. International by 430.3% in the first quarter. Jennison Associates LLC now owns 357,075 shares of the company’s stock worth $26,499,000 after purchasing an additional 289,741 shares in the last quarter. Millennium Management LLC raised its position in shares of Service Co. International by 646.5% in the second quarter. Millennium Management LLC now owns 267,860 shares of the company’s stock valued at $19,053,000 after purchasing an additional 231,980 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd bought a new stake in shares of Service Co. International in the second quarter valued at approximately $14,226,000. 85.53% of the stock is owned by institutional investors.

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.