Credit Suisse Group Reaffirms Buy Rating for Service Co. International (NYSE:SCI)

Credit Suisse Group restated their buy rating on shares of Service Co. International (NYSE:SCI) in a report released on Thursday morning, AnalystRatings.com reports. They currently have a $43.00 price objective on the stock.

Several other brokerages have also recently commented on SCI. Oppenheimer boosted their target price on Service Co. International from $43.00 to $45.00 and gave the stock an outperform rating in a report on Thursday, June 18th. CSFB dropped their price target on Service Co. International from $46.00 to $43.00 and set an outperform rating on the stock in a report on Thursday, April 30th. Finally, Raymond James reaffirmed an outperform rating and issued a $47.50 price target (down previously from $58.00) on shares of Service Co. International in a report on Tuesday, April 21st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $49.14.

NYSE:SCI traded down $0.04 during midday trading on Thursday, hitting $43.36. 1,383,713 shares of the stock were exchanged, compared to its average volume of 1,123,779. Service Co. International has a one year low of $33.93 and a one year high of $52.89. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 2.13 and a beta of 0.72. The business has a 50-day moving average price of $38.76 and a two-hundred day moving average price of $41.77. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 2.04.

Service Co. International (NYSE:SCI) last announced its earnings results on Wednesday, July 29th. The company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.34. Service Co. International had a return on equity of 20.42% and a net margin of 12.50%. The firm had revenue of $820.00 million for the quarter, compared to analysts’ expectations of $708.31 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Sell-side analysts forecast that Service Co. International will post 1.89 EPS for the current fiscal year.

In other news, Director W Blair Waltrip bought 2,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $34.65 per share, with a total value of $69,300.00. Following the purchase, the director now directly owns 595,481 shares in the company, valued at $20,633,416.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.70% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Litman Gregory Asset Management LLC purchased a new position in shares of Service Co. International during the 1st quarter valued at $26,000. Allworth Financial LP boosted its holdings in Service Co. International by 246.3% in the first quarter. Allworth Financial LP now owns 703 shares of the company’s stock worth $28,000 after purchasing an additional 500 shares in the last quarter. NEXT Financial Group Inc boosted its holdings in Service Co. International by 1,416.0% in the first quarter. NEXT Financial Group Inc now owns 758 shares of the company’s stock worth $30,000 after purchasing an additional 708 shares in the last quarter. TCI Wealth Advisors Inc. boosted its holdings in Service Co. International by 1,818.2% in the first quarter. TCI Wealth Advisors Inc. now owns 844 shares of the company’s stock worth $33,000 after purchasing an additional 800 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in Service Co. International in the first quarter worth $50,000. Institutional investors and hedge funds own 87.04% of the company’s stock.

Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

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Analyst Recommendations for Service Co. International (NYSE:SCI)

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