Service Corporation International (NYSE:SCI) Stock Has Consensus Price Target of $95.67 According to Brokerages

Service Corporation International (NYSE:SCI) has received an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $95.67.

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Service Corporation International from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Weiss Ratings upgraded Service Corporation International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 21st. UBS Group dropped their target price on shares of Service Corporation International from $105.00 to $95.00 and set a “buy” rating for the company in a report on Friday, October 30th. Zacks Research downgraded shares of Service Corporation International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 3rd. Finally, Wall Street Zen lowered shares of Service Corporation International from a “hold” rating to a “sell” rating in a report on Saturday, October 31st.

Service Corporation International Stock Performance

NYSE SCI opened at $75.33 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 3.16. The company has a market capitalization of $10.24 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.87 and a beta of 0.77. Service Corporation International has a 12-month low of $68.41 and a 12-month high of $90.99. The firm has a 50-day moving average price of $78.69 and a two-hundred day moving average price of $79.72.

Service Corporation International (NYSE:SCI) last announced its earnings results on Wednesday, October 28th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.02). Service Corporation International had a return on equity of 34.96% and a net margin of 12.70%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business posted $0.87 earnings per share. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. Analysts anticipate that Service Corporation International will post 4.00 earnings per share for the current year.

Service Corporation International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Tuesday, December 15th. Service Corporation International’s payout ratio is 35.73%.

Institutional Investors Weigh In On Service Corporation International

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC lifted its stake in shares of Service Corporation International by 35.7% in the first quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock worth $50,000 after acquiring an additional 161 shares during the period. Farther Finance Advisors LLC increased its holdings in Service Corporation International by 5.0% in the third quarter. Farther Finance Advisors LLC now owns 7,527 shares of the company’s stock worth $573,000 after purchasing an additional 361 shares in the last quarter. GAMMA Investing LLC increased its holdings in Service Corporation International by 20.0% in the third quarter. GAMMA Investing LLC now owns 3,204 shares of the company’s stock worth $244,000 after purchasing an additional 533 shares in the last quarter. CX Institutional lifted its stake in Service Corporation International by 7.3% in the third quarter. CX Institutional now owns 12,345 shares of the company’s stock valued at $940,000 after buying an additional 838 shares during the period. Finally, Peterson Wealth Services lifted its stake in Service Corporation International by 10.5% in the third quarter. Peterson Wealth Services now owns 17,011 shares of the company’s stock valued at $1,295,000 after buying an additional 1,619 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Service Corporation International Company Profile

Service Corporation International (SCI) is a provider of funeral, cremation and cemetery services in the United States and Canada. Its offerings include funeral and memorial services, cremation, cemetery property and merchandise, as well as advance-planning arrangements. The company serves families through a network of funeral homes and cemeteries, including locations that operate under brands such as Dignity Memorial, Funeraria del Angel and National Cremation Society. Founded in 1962 by Robert L. Waltrip, Service Corporation International is headquartered in Houston, Texas.