Service Co. International (NYSE:SCI - Get Free Report) had its price objective raised by stock analysts at Truist Financial from $84.00 to $92.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price objective would suggest a potential upside of 11.27% from the stock's previous close.
Separately, StockNews.com upgraded Service Co. International from a "sell" rating to a "hold" rating in a research note on Thursday.
Get Our Latest Analysis on SCI
Shares of SCI stock traded up $1.03 during trading hours on Friday, reaching $82.68. The company had a trading volume of 275,717 shares, compared to its average volume of 900,528. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.51 and a current ratio of 0.55. Service Co. International has a twelve month low of $56.38 and a twelve month high of $83.24. The stock's fifty day simple moving average is $77.57 and its 200 day simple moving average is $74.03. The company has a market capitalization of $11.94 billion, a P/E ratio of 24.11, a price-to-earnings-growth ratio of 2.20 and a beta of 0.84.
Service Co. International (NYSE:SCI - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. Service Co. International had a return on equity of 32.20% and a net margin of 12.19%. The business's revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 EPS. As a group, sell-side analysts expect that Service Co. International will post 3.52 earnings per share for the current fiscal year.
In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of Service Co. International 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 transaction, the chief executive officer now directly owns 988,365 shares in the company, valued at $73,109,359.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Thomas L. Ryan sold 80,638 shares of Service Co. International 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 in the company, valued at $73,109,359.05. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of SCI. nVerses Capital LLC lifted its stake in shares of Service Co. International by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company's stock worth $28,000 after acquiring an additional 200 shares during the period. Whittier Trust Co. lifted its position in Service Co. International by 406.5% in the first quarter. Whittier Trust Co. now owns 542 shares of the company's stock worth $40,000 after purchasing an additional 435 shares during the period. Blue Trust Inc. boosted its stake in Service Co. International by 121.9% during the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company's stock valued at $53,000 after purchasing an additional 389 shares in the last quarter. Waldron Private Wealth LLC acquired a new position in shares of Service Co. International during the 3rd quarter valued at $57,000. Finally, Quarry LP raised its stake in shares of Service Co. International by 258.6% in the 2nd quarter. Quarry LP now owns 789 shares of the company's stock worth $56,000 after buying an additional 569 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.
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.
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