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

Service Co. International (NYSE:SCI) had its price objective upped by Raymond James from $80.00 to $85.00 in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts also recently issued research reports about the company. Truist Financial upped their price target on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com raised Service Co. International from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Service Co. International currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.25.

Service Co. International Price Performance

NYSE SCI opened at $82.17 on Friday. The business has a 50 day simple moving average of $77.75 and a 200 day simple moving average of $74.28. Service Co. International has a 52-week low of $57.03 and a 52-week high of $83.26. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52. The stock has a market cap of $11.87 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 2.39 and a beta of 0.83.

Service Co. International (NYSE:SCI) last posted its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the business earned $0.78 EPS. Service Co. International’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts anticipate that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Service Co. International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Friday, September 13th. Service Co. International’s payout ratio is presently 34.88%.

Insider Activity

In other news, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total value of $5,964,792.86. Following the completion of the sale, the chief executive officer now owns 988,365 shares of the company’s stock, valued at approximately $73,109,359.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas L. Ryan sold 80,638 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total value of $5,964,792.86. Following the sale, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at $73,109,359.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Inspire Investing LLC increased its position in shares of Service Co. International by 3.1% in the second quarter. Inspire Investing LLC now owns 4,969 shares of the company’s stock worth $353,000 after purchasing an additional 148 shares during the period. Fifth Third Bancorp increased its position in shares of Service Co. International by 14.0% in the second quarter. Fifth Third Bancorp now owns 1,226 shares of the company’s stock worth $87,000 after purchasing an additional 151 shares during the period. UMB Bank n.a. increased its position in shares of Service Co. International by 7.8% in the third quarter. UMB Bank n.a. now owns 2,167 shares of the company’s stock worth $171,000 after purchasing an additional 156 shares during the period. Larson Financial Group LLC increased its position in shares of Service Co. International by 5.6% in the second quarter. Larson Financial Group LLC now owns 3,020 shares of the company’s stock worth $215,000 after purchasing an additional 159 shares during the period. Finally, HB Wealth Management LLC grew its position in Service Co. International by 3.5% in the second quarter. HB Wealth Management LLC now owns 4,894 shares of the company’s stock valued at $348,000 after acquiring an additional 165 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Service Co. International Company Profile

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.