Service Co. International (NYSE:SCI) Given Average Rating of “Buy” by Analysts

Service Co. International (NYSE:SCI) has been assigned a consensus recommendation of “Buy” from the five research firms that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued a report on the stock in the last year is $78.00.

A number of equities analysts have recently commented on SCI shares. Oppenheimer raised their target price 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. Truist Financial raised their price objective on Service Co. International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Finally, UBS Group upped their target price on Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, May 17th.

Service Co. International Stock Performance

SCI stock opened at $75.21 on Tuesday. Service Co. International has a twelve month low of $52.89 and a twelve month high of $76.03. The firm has a market cap of $10.95 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 2.01 and a beta of 0.84. The business’s fifty day simple moving average is $71.57 and its two-hundred day simple moving average is $70.97. 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:SCI) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts predict that Service Co. International will post 3.66 earnings per share for the current year.

Service Co. International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.60%. Service Co. International’s dividend payout ratio is currently 34.48%.

Insider Buying and Selling at Service Co. International

In other news, Director Tony Coelho sold 2,900 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $72.38, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Swedbank AB acquired a new stake in Service Co. International in the first quarter valued at approximately $224,137,000. Norges Bank acquired a new stake in shares of Service Co. International in the 4th quarter worth $92,331,000. GW&K Investment Management LLC purchased a new position in Service Co. International during the 4th quarter worth $22,890,000. Jennison Associates LLC increased 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 valued at $26,499,000 after buying an additional 289,741 shares in the last quarter. Finally, Corient Private Wealth LLC raised its stake in Service Co. International by 2,178.3% in the fourth quarter. Corient Private Wealth LLC now owns 234,484 shares of the company’s stock valued at $16,050,000 after buying an additional 224,192 shares during the last quarter. Hedge funds and other 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.