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

Service Co. International (NYSE:SCI) had its price target boosted by Truist Financial from $80.00 to $84.00 in a research report released on Friday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other research firms have also commented on SCI. Oppenheimer lifted their target price on Service Co. International from $76.00 to $79.00 and gave the stock an outperform rating in a report on Wednesday, May 22nd. UBS Group lifted 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $78.00.

Service Co. International Stock Up 1.7 %

SCI stock opened at $73.28 on Friday. Service Co. International has a twelve month low of $52.89 and a twelve month high of $75.97. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 2.90. The firm has a market cap of $10.67 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 1.94 and a beta of 0.85. The business has a 50 day moving average of $70.71 and a 200 day moving average of $70.29.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a return on equity of 32.23% and a net margin of 12.73%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.93 EPS. On average, research analysts forecast that Service Co. International will post 3.66 EPS for the current fiscal year.

Service Co. International Dividend Announcement

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

Insider Buying and Selling

In related news, Director Victor L. Lund sold 1,011 shares of Service Co. International stock in a transaction on Friday, April 12th. The stock was sold at an average price of $70.00, for a total value of $70,770.00. Following the completion of the sale, the director now owns 7,606 shares of the company’s stock, valued at $532,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Tony Coelho sold 2,900 shares of Service Co. International stock in a transaction on Friday, June 14th. The stock was sold at an average price of $72.38, for a total transaction of $209,902.00. Following the transaction, the director now directly owns 60,629 shares in the company, valued at $4,388,327.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Victor L. Lund sold 1,011 shares of Service Co. International stock in a transaction on Friday, April 12th. The shares were sold at an average price of $70.00, for a total value of $70,770.00. Following the transaction, the director now owns 7,606 shares in the company, valued at $532,420. The disclosure for this sale can be found here. Insiders sold 11,517 shares of company stock valued at $813,092 over the last 90 days. Company insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Service Co. International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Swedbank AB purchased a new position in Service Co. International during the first quarter valued at $224,137,000. Comerica Bank boosted its stake in shares of Service Co. International by 8.9% in the first quarter. Comerica Bank now owns 80,918 shares of the company’s stock worth $6,005,000 after acquiring an additional 6,594 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in shares of Service Co. International during the first quarter worth about $360,000. Tidal Investments LLC purchased a new stake in Service Co. International during the 1st quarter valued at approximately $917,000. Finally, Redwood Investment Management LLC purchased a new stake in Service Co. International during the 1st quarter valued at approximately $1,509,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

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.