Service Co. International (NYSE:SCI) Price Target Raised to $79.00 at Oppenheimer

Service Co. International (NYSE:SCIGet Free Report) had its price objective raised by stock analysts at Oppenheimer from $76.00 to $79.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective indicates a potential upside of 10.94% from the stock’s previous close.

Separately, UBS Group raised their price objective on Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $76.80.

Read Our Latest Stock Report on Service Co. International

Service Co. International Price Performance

NYSE:SCI opened at $71.21 on Wednesday. The company’s 50-day simple moving average is $71.12 and its 200-day simple moving average is $68.63. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.57 and a current ratio of 0.62. Service Co. International has a fifty-two week low of $52.89 and a fifty-two week high of $75.97. The stock has a market capitalization of $10.37 billion, a P/E ratio of 20.46, a P/E/G ratio of 1.89 and a beta of 0.81.

Service Co. International (NYSE:SCIGet Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. Service Co. International’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Service Co. International will post 3.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Service Co. International news, Director Victor L. Lund sold 7,606 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $70.00, for a total transaction of $532,420.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Service Co. International news, Director Victor L. Lund sold 7,606 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $70.00, for a total transaction of $532,420.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Blair Waltrip sold 6,150 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $74.38, for a total transaction of $457,437.00. Following the completion of the sale, the director now directly owns 597,948 shares in the company, valued at $44,475,372.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 194,712 shares of company stock valued at $14,473,020. Insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Service Co. International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Service Co. International by 87.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 53,466 shares of the company’s stock valued at $3,055,000 after buying an additional 24,941 shares during the period. International Assets Investment Management LLC raised its position in Service Co. International by 6,783.1% during the fourth quarter. International Assets Investment Management LLC now owns 11,839 shares of the company’s stock valued at $810,000 after acquiring an additional 11,667 shares in the last quarter. Boston Trust Walden Corp raised its position in Service Co. International by 3.2% during the fourth quarter. Boston Trust Walden Corp now owns 673,914 shares of the company’s stock valued at $46,129,000 after acquiring an additional 20,879 shares in the last quarter. Comerica Bank acquired a new position in Service Co. International in the third quarter valued at approximately $4,712,000. Finally, Fifth Third Bancorp boosted its position in Service Co. International by 45.4% in the 3rd quarter. Fifth Third Bancorp now owns 1,224 shares of the company’s stock worth $70,000 after purchasing an additional 382 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

About Service Co. International

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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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