Service Co. International (NYSE:SCI) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Service Co. International (NYSE:SCI) from a sell rating to a hold rating in a report published on Tuesday morning.

SCI has been the subject of a number of other research reports. Oppenheimer upped their price objective on 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 increased their target price on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research 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 company a “buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Service Co. International currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

Service Co. International Price Performance

SCI opened at $77.75 on Tuesday. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52. Service Co. International has a 52-week low of $67.19 and a 52-week high of $89.37. The stock has a market capitalization of $11.24 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87. The stock’s 50 day moving average price is $79.38 and its 200-day moving average price is $79.56.

Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. On average, equities research analysts predict that Service Co. International will post 3.51 EPS for the current year.

Insider Buying and Selling

In other news, CEO Thomas L. Ryan sold 50,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 982,333 shares in the company, valued at $84,588,694.63. This trade represents a 4.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Service Co. International

Several institutional investors have recently bought and sold shares of SCI. Creative Planning raised its position in shares of Service Co. International by 10.0% during the 3rd quarter. Creative Planning now owns 26,399 shares of the company’s stock valued at $2,084,000 after buying an additional 2,394 shares during the period. Swedbank AB grew its stake in shares of Service Co. International by 1.9% during the third quarter. Swedbank AB now owns 2,900,020 shares of the company’s stock worth $228,899,000 after purchasing an additional 55,000 shares in the last quarter. nVerses Capital LLC boosted its stake in Service Co. International by 75.0% in the third quarter. nVerses Capital LLC now owns 700 shares of the company’s stock valued at $55,000 after acquiring an additional 300 shares in the last quarter. Blue Trust Inc. boosted its stake in Service Co. International by 64.3% in the third quarter. Blue Trust Inc. now owns 1,163 shares of the company’s stock valued at $92,000 after acquiring an additional 455 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Service Co. International by 102.8% in the third quarter. Raymond James & Associates now owns 122,131 shares of the company’s stock valued at $9,640,000 after buying an additional 61,919 shares during the last quarter. 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.