Oppenheimer Increases Service Co. International (NYSE:SCI) Price Target to $79.00

Service Co. International (NYSE:SCI) had its price objective upped by research analysts at Oppenheimer from $76.00 to $79.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price indicates a potential upside of 10.94% from the stock’s previous close.

Separately, UBS Group lifted their target price on shares of Service Co. International from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, May 17th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.80.

Service Co. International Price Performance

Shares of NYSE:SCI opened at $71.21 on Wednesday. The stock’s 50-day moving average is $71.12 and its 200 day moving average is $68.63. The company has a market cap of $10.37 billion, a PE ratio of 20.46, a P/E/G ratio of 1.89 and a beta of 0.81. 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.

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

Insider Transactions at Service Co. International

In related news, Director Victor L. Lund sold 7,606 shares of Service Co. International stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $70.00, for a total transaction of $532,420.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Service Co. International news, CEO Thomas L. Ryan sold 75,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $73.53, for a total value of $5,514,750.00. Following the sale, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at $72,674,478.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Victor L. Lund sold 7,606 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $70.00, for a total value of $532,420.00. The disclosure for this sale can be found here. Insiders have sold 194,712 shares of company stock valued at $14,473,020 in the last three months. 5.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Service Co. International

A number of hedge funds have recently bought and sold shares of SCI. Teachers Retirement System of The State of Kentucky raised its holdings in Service Co. International by 87.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 53,466 shares of the company’s stock worth $3,055,000 after buying an additional 24,941 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Service Co. International by 6,783.1% in the 4th quarter. International Assets Investment Management LLC now owns 11,839 shares of the company’s stock worth $810,000 after acquiring an additional 11,667 shares during the last quarter. Boston Trust Walden Corp lifted its position in Service Co. International by 3.2% in the 4th quarter. Boston Trust Walden Corp now owns 673,914 shares of the company’s stock valued at $46,129,000 after acquiring an additional 20,879 shares in the last quarter. Comerica Bank purchased a new stake in Service Co. International during the 3rd quarter valued at $4,712,000. Finally, Fifth Third Bancorp increased its holdings in shares of Service Co. International by 45.4% in the 3rd quarter. Fifth Third Bancorp now owns 1,224 shares of the company’s stock worth $70,000 after purchasing an additional 382 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

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.