Service Co. International (NYSE:SCI) Cut to “Sell” at StockNews.com

Service Co. International (NYSE:SCI) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Several other brokerages have also recently issued reports on SCI. Truist Financial increased their price objective on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Oppenheimer upped their price objective on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Raymond James raised their target price on shares of Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.50.

Service Co. International Stock Down 0.4 %

NYSE SCI opened at $80.54 on Wednesday. The stock has a market cap of $11.62 billion, a PE ratio of 22.69, a P/E/G ratio of 1.90 and a beta of 0.87. Service Co. International has a 12 month low of $67.19 and a 12 month high of $89.37. The stock’s 50 day moving average is $78.57 and its 200 day moving average is $79.81. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. Research analysts predict that Service Co. International will post 3.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Service Co. International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Service Co. International during the fourth quarter valued at about $25,000. Quarry LP lifted its position in Service Co. International by 359.8% during the fourth quarter. Quarry LP now owns 469 shares of the company’s stock valued at $37,000 after acquiring an additional 367 shares during the last quarter. Mizuho Bank Ltd. acquired a new stake in Service Co. International in the fourth quarter valued at approximately $40,000. Resona Asset Management Co. Ltd. acquired a new stake in Service Co. International in the fourth quarter valued at approximately $40,000. Finally, Vision Financial Markets LLC purchased a new position in Service Co. International in the fourth quarter worth $52,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Service Co. International Company Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.