Service Co. International (NYSE:SCI) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Service Co. International (NYSE:SCI) from a hold rating to a sell rating in a research report released on Monday morning.

A number of other analysts have also recently commented on SCI. Truist Financial upped their price target on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Raymond James boosted 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, Oppenheimer raised their price target on Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, Service Co. International has an average rating of “Moderate Buy” and an average price target of $88.50.

Service Co. International Trading Down 2.0 %

NYSE SCI opened at $75.81 on Monday. The firm has a market capitalization of $10.96 billion, a PE ratio of 22.04, a P/E/G ratio of 2.01 and a beta of 0.87. The stock’s 50 day moving average is $79.87 and its 200 day moving average is $79.55. Service Co. International has a twelve month low of $66.05 and a twelve month high of $89.37. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91.

Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. Research analysts forecast that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Service Co. International

In other news, VP Elisabeth G. Nash sold 56,100 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $86.13, for a total value of $4,831,893.00. Following the completion of the sale, the vice president now owns 109,260 shares of the company’s stock, valued at $9,410,563.80. This trade represents a 33.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tony Coelho sold 2,555 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total value of $218,810.20. Following the completion of the sale, the director now directly owns 53,324 shares of the company’s stock, 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. Insiders sold a total of 108,655 shares of company stock valued at $9,356,203 in the last ninety days. Corporate insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Service Co. International

Hedge funds have recently made changes to their positions in the company. M&T Bank Corp raised its position in Service Co. International by 1.1% during the 3rd quarter. M&T Bank Corp now owns 11,248 shares of the company’s stock worth $888,000 after buying an additional 123 shares during the last quarter. Cornerstone Investment Partners LLC raised its stake in shares of Service Co. International by 3.8% during the 4th quarter. Cornerstone Investment Partners LLC now owns 3,587 shares of the company’s stock valued at $286,000 after buying an additional 131 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Service Co. International by 2.7% in the fourth quarter. CIBC Asset Management Inc now owns 5,167 shares of the company’s stock worth $412,000 after buying an additional 138 shares during the last quarter. Moloney Securities Asset Management LLC lifted its holdings in Service Co. International by 1.4% in the third quarter. Moloney Securities Asset Management LLC now owns 13,582 shares of the company’s stock valued at $1,072,000 after acquiring an additional 182 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in Service Co. International by 5.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,438 shares of the company’s stock valued at $354,000 after purchasing an additional 212 shares during the period. 85.53% of the stock is 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.