Service Corporation International (NYSE:SCI) Earns “Hold (C+)” Rating from Weiss Ratings

Service Corporation International (NYSE:SCI)‘s stock had its “hold (c+)” rating restated by analysts at Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

SCI has been the topic of a number of other reports. Raymond James Financial reaffirmed an “outperform” rating and set a $90.00 price objective (up from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. UBS Group lifted their price objective on shares of Service Corporation International from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Oppenheimer lifted their price objective on shares of Service Corporation International from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Service Corporation International currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Service Corporation International Price Performance

SCI opened at $81.75 on Friday. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.61 and a quick ratio of 0.56. The company has a market capitalization of $11.47 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 1.97 and a beta of 0.89. The firm’s fifty day moving average price is $80.89 and its two-hundred day moving average price is $79.36. Service Corporation International has a 1 year low of $71.75 and a 1 year high of $89.37.

Service Corporation International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. Service Corporation International had a net margin of 12.60% and a return on equity of 32.84%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 EPS. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. As a group, analysts anticipate that Service Corporation International will post 3.84 earnings per share for the current fiscal year.

Insider Activity at Service Corporation International

In related news, Director Ellen Ochoa sold 2,514 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $79.41, for a total value of $199,636.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tony Coelho sold 7,850 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $80.60, for a total transaction of $632,710.00. Following the completion of the transaction, the director directly owned 36,088 shares in the company, valued at $2,908,692.80. This trade represents a 17.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 252,082 shares of company stock valued at $20,117,233 over the last quarter. Corporate insiders own 4.40% of the company’s stock.

Institutional Investors Weigh In On Service Corporation International

Several institutional investors have recently added to or reduced their stakes in SCI. Brighton Jones LLC purchased a new stake in Service Corporation International during the fourth quarter valued at about $435,000. GAMMA Investing LLC lifted its holdings in Service Corporation International by 20.3% during the first quarter. GAMMA Investing LLC now owns 2,539 shares of the company’s stock valued at $204,000 after purchasing an additional 429 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Service Corporation International by 18.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,349 shares of the company’s stock valued at $990,000 after purchasing an additional 1,966 shares during the last quarter. Asset Management One Co. Ltd. purchased a new stake in Service Corporation International during the first quarter valued at about $3,373,000. Finally, Perpetual Ltd lifted its holdings in Service Corporation International by 23.0% during the first quarter. Perpetual Ltd now owns 162,809 shares of the company’s stock valued at $13,057,000 after purchasing an additional 30,433 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

About Service Corporation International

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.