Service Co. International (NYSE:SCI) Sets New 12-Month High After Analyst Upgrade

Shares of Service Co. International (NYSE:SCI) hit a new 52-week high during mid-day trading on Wednesday after Raymond James raised their price target on the stock from $50.00 to $54.00. Raymond James currently has an outperform rating on the stock. Service Co. International traded as high as $48.41 and last traded at $47.65, with a volume of 3960 shares traded. The stock had previously closed at $47.83.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. ValuEngine downgraded shares of Yext from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $48.50.

In other news, CEO Thomas L. Ryan sold 100,000 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $43.83, for a total transaction of $4,383,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,122,809 shares of the company’s stock, valued at approximately $49,212,718.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas L. Ryan sold 40,000 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $46.05, for a total transaction of $1,842,000.00. Following the transaction, the chief executive officer now directly owns 1,062,809 shares of the company’s stock, valued at $48,942,354.45. The disclosure for this sale can be found here. Insiders have sold a total of 409,287 shares of company stock valued at $17,844,533 over the last three months. Insiders own 5.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in SCI. Global Retirement Partners LLC lifted its stake in shares of Service Co. International by 80.5% during the 4th quarter. Global Retirement Partners LLC now owns 789 shares of the company’s stock valued at $32,000 after buying an additional 352 shares in the last quarter. Lee Financial Co purchased a new stake in Service Co. International in the 2nd quarter worth approximately $33,000. Penserra Capital Management LLC purchased a new stake in Service Co. International in the 1st quarter worth approximately $38,000. Vigilant Capital Management LLC purchased a new stake in Service Co. International in the 2nd quarter worth approximately $44,000. Finally, Trustcore Financial Services LLC purchased a new stake in Service Co. International in the 1st quarter worth approximately $49,000. Institutional investors own 86.91% of the company’s stock.

The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 2.00. The company has a fifty day simple moving average of $46.69. The company has a market capitalization of $8.65 billion, a PE ratio of 26.18, a P/E/G ratio of 2.16 and a beta of 0.92.

Service Co. International (NYSE:SCI) last released its earnings results on Monday, July 29th. The company reported $0.47 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. Service Co. International had a net margin of 13.92% and a return on equity of 21.13%. The company had revenue of $812.57 million for the quarter, compared to analyst estimates of $811.01 million. During the same quarter last year, the firm earned $0.44 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts anticipate that Service Co. International will post 1.95 EPS for the current year.

Service Co. International Company Profile (NYSE:SCI)

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

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