UBS Group Lowers Service Co. International (NYSE:SCI) Price Target to $88.00

Service Co. International (NYSE:SCI) had its price objective lowered by equities research analysts at UBS Group from $90.00 to $88.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 15.20% from the stock’s previous close.

Separately, StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Service Co. International presently has a consensus rating of “Moderate Buy” and an average target price of $89.25.

Service Co. International Trading Down 0.3 %

SCI stock opened at $76.39 on Friday. The business has a fifty day moving average price of $78.70 and a 200 day moving average price of $80.22. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.52 and a quick ratio of 0.48. Service Co. International has a fifty-two week low of $67.22 and a fifty-two week high of $89.37. The stock has a market capitalization of $11.01 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 1.90 and a beta of 0.96.

Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.05. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company posted $0.89 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Analysts expect that Service Co. International will post 3.84 EPS for the current fiscal year.

Insider Transactions at Service Co. International

In related news, CEO Thomas L. Ryan sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the transaction, the chief executive officer now directly owns 982,333 shares of the company’s stock, valued at approximately $83,066,078.48. This represents a 4.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tony Coelho sold 6,500 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total transaction of $515,385.00. Following the transaction, the director now owns 46,824 shares in the company, valued at approximately $3,712,674.96. The trade was a 12.19 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in Service Co. International in the fourth quarter worth $25,000. Quarry LP boosted its position in shares of Service Co. International by 359.8% during the 4th 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. purchased a new position in Service Co. International in the 4th quarter worth approximately $40,000. Resona Asset Management Co. Ltd. bought a new position in Service Co. International in the fourth quarter valued at $40,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Service Co. International during the fourth quarter worth approximately $52,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

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.