Service Corporation International (NYSE:SCI) Receives Outperform Rating from Raymond James Financial

Raymond James Financial reiterated their outperform rating on shares of Service Corporation International (NYSE:SCI) in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a $90.00 price target on the stock, up from their prior price target of $85.00.

Separately, UBS Group decreased their price objective on Service Corporation International from $90.00 to $88.00 and set a “buy” rating for the company in a report on Friday, May 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.50.

Service Corporation International Stock Up 0.8%

NYSE:SCI opened at $78.47 on Monday. The firm has a market capitalization of $11.17 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.90 and a beta of 0.90. The stock has a 50 day moving average of $79.05 and a 200-day moving average of $78.50. Service Corporation International has a 52 week low of $70.46 and a 52 week high of $89.37. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 3.19.

Service Corporation International (NYSE:SCI) last posted its earnings results on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.84 by $0.04. Service Corporation International had a return on equity of 32.84% and a net margin of 12.60%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. Analysts predict that Service Corporation International will post 3.84 EPS for the current year.

Insider Buying and Selling

In related news, Director Tony Coelho sold 5,400 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $75.94, for a total value of $410,076.00. Following the completion of the transaction, the director directly owned 43,938 shares of the company’s stock, valued at $3,336,651.72. This represents a 10.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Sumner J. Waring III sold 56,100 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $76.57, for a total value of $4,295,577.00. Following the completion of the transaction, the president directly owned 295,192 shares of the company’s stock, valued at $22,602,851.44. This trade represents a 15.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company’s stock.

Institutional Investors Weigh In On Service Corporation International

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Service Corporation International by 20.3% in the first quarter. GAMMA Investing LLC now owns 2,539 shares of the company’s stock worth $204,000 after purchasing an additional 429 shares during the period. SG Americas Securities LLC acquired a new stake in Service Corporation International in the first quarter worth approximately $869,000. Principal Financial Group Inc. lifted its position in Service Corporation International by 136.1% in the first quarter. Principal Financial Group Inc. now owns 782,429 shares of the company’s stock worth $62,751,000 after purchasing an additional 451,068 shares during the period. Teacher Retirement System of Texas lifted its position in Service Corporation International by 12.6% in the first quarter. Teacher Retirement System of Texas now owns 31,019 shares of the company’s stock worth $2,488,000 after purchasing an additional 3,473 shares during the period. Finally, Ritholtz Wealth Management lifted its position in Service Corporation International by 7.4% in the first quarter. Ritholtz Wealth Management now owns 9,966 shares of the company’s stock worth $799,000 after purchasing an additional 689 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Service Corporation 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.