StockNews.com Downgrades Service Co. International (NYSE:SCI) to Sell

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

Several other equities analysts have also recently issued reports on the stock. Oppenheimer lifted their price objective on shares of Service Co. International from $76.00 to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. UBS Group lifted their price objective on shares of Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Truist Financial lifted their price objective on shares of Service Co. International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $78.00.

Service Co. International Price Performance

Service Co. International stock traded down $5.19 during trading hours on Thursday, hitting $74.72. 4,161,155 shares of the company traded hands, compared to its average volume of 902,468. The firm has a market cap of $10.88 billion, a P/E ratio of 21.47, a P/E/G ratio of 2.16 and a beta of 0.84. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 2.90. The firm’s 50-day simple moving average is $72.53 and its two-hundred day simple moving average is $71.42. Service Co. International has a 1-year low of $52.89 and a 1-year high of $80.37.

Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.07). The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 EPS. As a group, analysts forecast that Service Co. International will post 3.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Service Co. International news, Director Tony Coelho sold 2,900 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $72.38, for a total value of $209,902.00. Following the completion of the transaction, the director now directly owns 60,629 shares in the company, valued at $4,388,327.02. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.10% of the company’s stock.

Institutional Trading of Service Co. International

Several institutional investors have recently made changes to their positions in the stock. Aptus Capital Advisors LLC boosted its holdings in shares of Service Co. International by 23.0% during the second quarter. Aptus Capital Advisors LLC now owns 45,548 shares of the company’s stock worth $3,240,000 after purchasing an additional 8,525 shares during the period. nVerses Capital LLC boosted its holdings in shares of Service Co. International by 100.0% during the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the period. Hantz Financial Services Inc. bought a new position in Service Co. International during the second quarter valued at approximately $1,036,000. Kings Path Partners LLC bought a new position in Service Co. International during the second quarter valued at approximately $1,016,000. Finally, Moloney Securities Asset Management LLC raised its position in Service Co. International by 6.0% during the second quarter. Moloney Securities Asset Management LLC now owns 13,400 shares of the company’s stock valued at $953,000 after acquiring an additional 755 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.