Service Co. International (NYSE:SCI) Stock Rating Lowered by StockNews.com

Service Co. International (NYSE:SCI) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Monday.

A number of other brokerages also recently weighed in on SCI. Oppenheimer increased their price target on shares of Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Raymond James boosted their price target on shares of Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Truist Financial increased their price target on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $88.50.

Service Co. International Stock Up 1.6 %

Shares of Service Co. International stock opened at $77.36 on Monday. Service Co. International has a 12 month low of $66.05 and a 12 month high of $89.37. The business has a fifty day simple moving average of $80.32 and a 200 day simple moving average of $79.57. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91. The stock has a market cap of $11.19 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87.

Insider Buying and Selling at Service Co. International

In related news, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $86.11, for a total transaction of $4,305,500.00. Following the completion of the transaction, the chief executive officer now directly owns 982,333 shares of the company’s stock, valued at approximately $84,588,694.63. This represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tony Coelho sold 2,555 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total value of $218,810.20. Following the sale, the director now owns 53,324 shares in the company, valued at approximately $4,566,667.36. This represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,655 shares of company stock worth $9,356,203. Corporate insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Service Co. International

Several hedge funds have recently bought and sold shares of SCI. SBI Securities Co. Ltd. acquired a new position in shares of Service Co. International during the 4th quarter worth approximately $25,000. Vision Financial Markets LLC bought a new position in shares of Service Co. International in the fourth quarter valued at about $52,000. nVerses Capital LLC boosted its holdings in shares of Service Co. International by 75.0% during the 3rd quarter. nVerses Capital LLC now owns 700 shares of the company’s stock worth $55,000 after buying an additional 300 shares during the period. Waldron Private Wealth LLC acquired a new position in Service Co. International in the 3rd quarter valued at about $57,000. Finally, Whipplewood Advisors LLC bought a new position in Service Co. International in the 4th quarter valued at about $60,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

About Service Co. International

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.