Oppenheimer Forecasts Strong Price Appreciation for Service Co. International (NYSE:SCI) Stock

Service Co. International (NYSE:SCIGet Free Report) had its price objective hoisted by analysts at Oppenheimer from $86.00 to $92.00 in a report released on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s target price points to a potential upside of 7.15% from the stock’s previous close.

A number of other brokerages also recently issued reports on SCI. Raymond James increased their price objective on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Truist Financial boosted their price objective on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $88.50.

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Service Co. International Stock Down 0.1 %

Shares of SCI opened at $85.86 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. Service Co. International has a 12 month low of $64.10 and a 12 month high of $89.37. The firm’s 50 day moving average is $82.31 and its 200-day moving average is $77.55. The stock has a market capitalization of $12.42 billion, a PE ratio of 24.96, a P/E/G ratio of 2.51 and a beta of 0.85.

Service Co. International (NYSE:SCIGet Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.78 EPS. Equities research analysts forecast that Service Co. International will post 3.51 EPS for the current year.

Insider Buying and Selling

In related news, CEO Thomas L. Ryan sold 50,000 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $86.11, for a total transaction of $4,305,500.00. Following the sale, the chief executive officer now owns 982,333 shares in the company, valued at $84,588,694.63. The trade was a 4.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Elisabeth G. Nash sold 56,100 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $86.13, for a total value of $4,831,893.00. Following the completion of the transaction, the vice president now owns 109,260 shares of the company’s stock, valued at $9,410,563.80. This represents a 33.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,655 shares of company stock worth $9,356,203 in the last three months. 5.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of Service Co. International during the second quarter valued at $1,127,000. Diversified Trust Co bought a new position in Service Co. International during the 2nd quarter worth $335,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Service Co. International by 31.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,405 shares of the company’s stock worth $598,000 after buying an additional 2,004 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Service Co. International by 11.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,399 shares of the company’s stock valued at $1,238,000 after buying an additional 1,727 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Service Co. International by 121.9% in the second quarter. Blue Trust Inc. now owns 708 shares of the company’s stock valued at $53,000 after buying an additional 389 shares during the period. Institutional investors own 85.53% of the company’s stock.

About Service Co. International

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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

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