Analysts Set Service Corporation International (NYSE:SCI) PT at $95.00

Shares of Service Corporation International (NYSE:SCI) have earned an average recommendation of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $95.00.

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Service Corporation International from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Wall Street Zen lowered shares of Service Corporation International from a “hold” rating to a “sell” rating in a research report on Sunday, June 28th. UBS Group reduced their target price on Service Corporation International from $95.00 to $93.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Weiss Ratings downgraded Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Finally, Oppenheimer lifted their price target on Service Corporation International from $94.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, April 2nd.

Institutional Trading of Service Corporation International

Several hedge funds and other institutional investors have recently bought and sold shares of SCI. Goldman Sachs Group Inc. grew its position in Service Corporation International by 48.7% during the first quarter. Goldman Sachs Group Inc. now owns 417,387 shares of the company’s stock valued at $33,474,000 after acquiring an additional 136,770 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Service Corporation International by 31.8% in the 3rd quarter. Marshall Wace LLP now owns 549,162 shares of the company’s stock worth $45,701,000 after acquiring an additional 132,591 shares during the last quarter. Turtle Creek Asset Management Inc. lifted its holdings in shares of Service Corporation International by 12.0% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,161,496 shares of the company’s stock worth $95,835,000 after acquiring an additional 124,151 shares during the last quarter. Aureus Asset Management LLC boosted its stake in shares of Service Corporation International by 196.8% in the 1st quarter. Aureus Asset Management LLC now owns 112,192 shares of the company’s stock valued at $9,257,000 after purchasing an additional 74,387 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Service Corporation International by 38.8% in the 1st quarter. Royal Bank of Canada now owns 121,883 shares of the company’s stock valued at $9,775,000 after purchasing an additional 34,051 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Service Corporation International Stock Up 2.2%

SCI stock opened at $79.71 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 3.22. The company’s 50 day moving average is $75.67 and its 200 day moving average is $79.31. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 1.75 and a beta of 0.84. Service Corporation International has a 1-year low of $68.41 and a 1-year high of $88.67.

Service Corporation International (NYSE:SCI) last announced its earnings results on Wednesday, April 29th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.03). Service Corporation International had a net margin of 12.36% and a return on equity of 34.30%. The company had revenue of $544.80 million for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Service Corporation International has set its FY 2026 guidance at 4.050-4.350 EPS. Sell-side analysts predict that Service Corporation International will post 4.14 EPS for the current fiscal year.

Service Corporation International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.8%. This is a positive change from Service Corporation International’s previous quarterly dividend of $0.34. Service Corporation International’s payout ratio is 37.99%.

Service Corporation International Company Profile

Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.