Service Co. International (SCI) Receives Average Rating of “Buy” from Analysts
Shares of Service Co. International (NYSE:SCI) have been given a consensus recommendation of “Buy” by the six brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $39.75.
Several research analysts recently weighed in on SCI shares. Off Wall Street started coverage on shares of Service Co. International in a report on Friday, December 15th. They issued a “sell” rating for the company. Zacks Investment Research downgraded shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $40.00 target price (up previously from $38.00) on shares of Service Co. International in a report on Friday, November 3rd. Finally, Oppenheimer reissued a “buy” rating and set a $39.00 price objective on shares of Service Co. International in a report on Tuesday, September 26th.
In other Service Co. International news, insider R L. Waltrip sold 84,679 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $37.90, for a total transaction of $3,209,334.10. Following the completion of the transaction, the insider now owns 765,762 shares of the company’s stock, valued at approximately $29,022,379.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Elisabeth G. Nash sold 47,000 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $35.64, for a total transaction of $1,675,080.00. Following the transaction, the vice president now directly owns 164,441 shares of the company’s stock, valued at approximately $5,860,677.24. The disclosure for this sale can be found here. 6.20% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC boosted its holdings in shares of Service Co. International by 315.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,687 shares of the company’s stock valued at $123,000 after purchasing an additional 2,800 shares during the last quarter. Green Square Capital LLC bought a new position in shares of Service Co. International in the 2nd quarter valued at about $262,000. FNY Managed Accounts LLC lifted its holdings in shares of Service Co. International by 3,709.5% in the 2nd quarter. FNY Managed Accounts LLC now owns 8,000 shares of the company’s stock valued at $267,000 after acquiring an additional 7,790 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of Service Co. International by 59.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 15,118 shares of the company’s stock valued at $506,000 after acquiring an additional 5,618 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Service Co. International in the 3rd quarter valued at about $510,000. 84.44% of the stock is owned by institutional investors and hedge funds.
Shares of Service Co. International (NYSE:SCI) traded up $0.05 during trading on Tuesday, reaching $38.14. 905,300 shares of the company traded hands, compared to its average volume of 974,820. The company has a market cap of $7,140.00, a P/E ratio of 20.07, a P/E/G ratio of 2.09 and a beta of 0.96. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.70 and a quick ratio of 0.65. Service Co. International has a one year low of $28.67 and a one year high of $38.22.
Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, October 25th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.06. The company had revenue of $731.30 million during the quarter, compared to the consensus estimate of $735.62 million. Service Co. International had a net margin of 11.83% and a return on equity of 24.85%. Service Co. International’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS. analysts anticipate that Service Co. International will post 1.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Thursday, December 14th. Service Co. International’s dividend payout ratio (DPR) is presently 31.58%.
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Service Co. International Company Profile
Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.
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