Service Corporation International (NYSE:SCI – Free Report) had its price objective lowered by UBS Group from $105.00 to $95.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.
A number of other equities analysts have also weighed in on the stock. Wall Street Zen lowered shares of Service Corporation International from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings upgraded Service Corporation International from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 21st. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $95.67.
Get Our Latest Analysis on Service Corporation International
Service Corporation International Stock Performance
Shares of SCI opened at $76.36 on Friday. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.36 and a current ratio of 0.40. Service Corporation International has a twelve month low of $68.41 and a twelve month high of $90.99. The firm’s 50 day moving average price is $80.00 and its two-hundred day moving average price is $79.97. The firm has a market cap of $10.41 billion, a P/E ratio of 18.95, a PEG ratio of 1.93 and a beta of 0.81.
Service Corporation International (NYSE:SCI – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.02). Service Corporation International had a net margin of 12.70% and a return on equity of 34.96%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the company earned $0.87 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts forecast that Service Corporation International will post 4.00 EPS for the current fiscal year.
Service Corporation International Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.9%. The ex-dividend date was Tuesday, September 15th. Service Corporation International’s payout ratio is presently 35.73%.
Institutional Investors Weigh In On Service Corporation International
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Turtle Creek Asset Management Inc. boosted its stake in shares of Service Corporation International by 12.0% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,161,496 shares of the company’s stock worth $95,835,000 after buying an additional 124,151 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Service Corporation International in the second quarter valued at about $80,965,000. Handelsbanken Fonder AB increased its position in shares of Service Corporation International by 3.8% in the second quarter. Handelsbanken Fonder AB now owns 881,985 shares of the company’s stock valued at $66,996,000 after acquiring an additional 32,137 shares during the last quarter. California State Teachers Retirement System raised its holdings in Service Corporation International by 18.3% during the first quarter. California State Teachers Retirement System now owns 164,939 shares of the company’s stock worth $13,609,000 after acquiring an additional 25,524 shares in the last quarter. Finally, Aureus Asset Management LLC raised its holdings in Service Corporation International by 196.8% during the first quarter. Aureus Asset Management LLC now owns 112,192 shares of the company’s stock worth $9,257,000 after acquiring an additional 74,387 shares in the last quarter. 85.53% of the stock is owned by institutional investors.
About Service Corporation International
Service Corporation International (NYSE:SCI) is a Houston-based provider of funeral, cremation and cemetery services. The company operates funeral homes, cemeteries and cremation facilities, offering arrangements for traditional funerals, memorial services and cremations, as well as cemetery property, burial services and related merchandise.
SCI serves families primarily in the United States and Canada through a network of locations and a portfolio of brands that includes Dignity Memorial, Funeraria del Angel and Neptune Society.
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