Truist Financial Boosts Service Co. International (NYSE:SCI) Price Target to $84.00

Service Co. International (NYSE:SCIFree Report) had its price objective raised by Truist Financial from $80.00 to $84.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also commented on the stock. Oppenheimer raised their price target on shares of Service Co. International from $76.00 to $79.00 and gave the stock an outperform rating in a research report on Wednesday, May 22nd. UBS Group raised their target price on shares of Service Co. International from $83.00 to $85.00 and gave the stock a buy rating in a report on Friday, May 17th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $78.00.

View Our Latest Report on Service Co. International

Service Co. International Trading Up 1.7 %

Shares of SCI stock opened at $73.28 on Friday. Service Co. International has a 12-month low of $52.89 and a 12-month high of $75.97. The company has a market capitalization of $10.67 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 1.95 and a beta of 0.85. The firm has a 50 day moving average price of $70.71 and a two-hundred day moving average price of $70.36. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 2.90.

Service Co. International (NYSE:SCIGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm posted $0.93 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, analysts predict that Service Co. International will post 3.66 earnings per share for the current year.

Service Co. International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Friday, June 14th. Service Co. International’s dividend payout ratio is currently 34.48%.

Insider Transactions at Service Co. International

In related news, Director Tony Coelho sold 2,900 shares of Service Co. International stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $72.38, for a total value of $209,902.00. Following the transaction, the director now directly owns 60,629 shares of the company’s stock, valued at $4,388,327.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Service Co. International news, Director Victor L. Lund sold 7,606 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $70.00, for a total transaction of $532,420.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tony Coelho sold 2,900 shares of the 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 transaction, the director now directly owns 60,629 shares of the company’s stock, valued at approximately $4,388,327.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,517 shares of company stock valued at $813,092. Company insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Service Co. International

Institutional investors have recently added to or reduced their stakes in the stock. Swedbank AB bought a new stake in shares of Service Co. International during the first quarter worth $224,137,000. Norges Bank acquired a new stake in shares of Service Co. International during the 4th quarter valued at $92,331,000. GW&K Investment Management LLC acquired a new stake in shares of Service Co. International during the 4th quarter valued at $22,890,000. Jennison Associates LLC grew its position in Service Co. International by 430.3% during the 1st quarter. Jennison Associates LLC now owns 357,075 shares of the company’s stock worth $26,499,000 after acquiring an additional 289,741 shares during the last quarter. Finally, Corient Private Wealth LLC increased its holdings in Service Co. International by 2,178.3% in the 4th quarter. Corient Private Wealth LLC now owns 234,484 shares of the company’s stock worth $16,050,000 after purchasing an additional 224,192 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Service Co. International Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Service Co. International (NYSE:SCI)

Receive News & Ratings for Service Co. International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Service Co. International and related companies with MarketBeat.com's FREE daily email newsletter.