Raymond James Forecasts Strong Price Appreciation for Service Co. International (NYSE:SCI) Stock

Service Co. International (NYSE:SCI) had its price target boosted by Raymond James from $80.00 to $85.00 in a report released on Friday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also issued reports on SCI. Truist Financial upped their target price on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $85.25.

Service Co. International Stock Performance

Shares of Service Co. International stock opened at $81.62 on Friday. The firm has a market cap of $11.79 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 2.36 and a beta of 0.83. The firm’s 50-day simple moving average is $77.65 and its 200-day simple moving average is $74.18. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.51 and a current ratio of 0.52. Service Co. International has a 1 year low of $56.38 and a 1 year high of $83.24.

Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.78 EPS. Equities analysts forecast that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Service Co. International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 annualized dividend and a yield of 1.47%. Service Co. International’s dividend payout ratio (DPR) is 34.88%.

Insider Buying and Selling

In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total value of $5,964,792.86. Following the sale, the chief executive officer now owns 988,365 shares in the company, valued at approximately $73,109,359.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Thomas L. Ryan sold 80,638 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the completion of the sale, the chief executive officer now owns 988,365 shares in the company, valued at $73,109,359.05. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Service Co. International

Several large investors have recently made changes to their positions in the company. nVerses Capital LLC boosted its holdings in shares of Service Co. International by 100.0% in the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of Service Co. International by 406.5% in the first quarter. Whittier Trust Co. now owns 542 shares of the company’s stock valued at $40,000 after acquiring an additional 435 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Service Co. International by 121.9% in the second quarter. Blue Trust Inc. now owns 708 shares of the company’s stock valued at $53,000 after acquiring an additional 389 shares in the last quarter. Quarry LP boosted its holdings in shares of Service Co. International by 258.6% in the second quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after acquiring an additional 569 shares in the last quarter. Finally, Waldron Private Wealth LLC bought a new position in shares of Service Co. International in the third quarter valued at approximately $57,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

About Service Co. International

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.