Service Corporation International (NYSE:SCI) Given New $97.00 Price Target at Oppenheimer

Service Corporation International (NYSE:SCI) had its price target boosted by research analysts at Oppenheimer from $94.00 to $97.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target would suggest a potential upside of 15.21% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. assumed coverage on Service Corporation International in a research note on Tuesday, January 20th. They set an “overweight” rating and a $110.00 price target for the company. Weiss Ratings upgraded shares of Service Corporation International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 2nd. Finally, Wall Street Zen cut Service Corporation International from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $98.00.

Service Corporation International Stock Performance

Shares of NYSE SCI traded up $1.33 during midday trading on Thursday, hitting $84.19. 438,905 shares of the company’s stock were exchanged, compared to its average volume of 1,144,215. The stock’s 50 day moving average price is $80.84 and its 200-day moving average price is $80.41. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.55 and a quick ratio of 0.50. The firm has a market cap of $11.68 billion, a P/E ratio of 22.14, a PEG ratio of 1.82 and a beta of 1.00. Service Corporation International has a twelve month low of $71.75 and a twelve month high of $86.67.

Service Corporation International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $1.14 EPS for the quarter, meeting analysts’ consensus estimates of $1.14. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. Service Corporation International had a return on equity of 34.21% and a net margin of 12.59%.The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. Equities research analysts anticipate that Service Corporation International will post 3.84 EPS for the current year.

Insider Activity at Service Corporation International

In related news, Director Tony Coelho sold 7,700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $79.87, for a total transaction of $614,999.00. Following the completion of the transaction, the director owned 28,388 shares in the company, valued at $2,267,349.56. This trade represents a 21.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Tammy R. Moore sold 5,000 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $80.48, for a total transaction of $402,400.00. Following the completion of the sale, the chief accounting officer directly owned 21,654 shares in the company, valued at approximately $1,742,713.92. The trade was a 18.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.40% of the company’s stock.

Institutional Trading of Service Corporation International

Large investors have recently made changes to their positions in the business. CX Institutional lifted its holdings in Service Corporation International by 1.3% during the third quarter. CX Institutional now owns 10,153 shares of the company’s stock worth $845,000 after acquiring an additional 134 shares in the last quarter. KLP Kapitalforvaltning AS lifted its stake in Service Corporation International by 0.7% in the third quarter. KLP Kapitalforvaltning AS now owns 29,900 shares of the company’s stock valued at $2,488,000 after buying an additional 200 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Service Corporation International by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 43,521 shares of the company’s stock valued at $3,622,000 after buying an additional 270 shares during the period. Focus Partners Wealth raised its holdings in shares of Service Corporation International by 3.1% during the first quarter. Focus Partners Wealth now owns 10,571 shares of the company’s stock worth $848,000 after acquiring an additional 321 shares during the period. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Service Corporation International in the 3rd quarter valued at about $33,000. Institutional investors own 85.53% of the company’s stock.

Service Corporation International Company Profile

Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.