Service Corporation International (SCI) – What Are Brokerages Saying About This Stock?

Service Corporation International (NYSE:SCI – Get Free Report) has been given an average rating of “Moderate Buy” by the five research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $95.67.

A number of research firms have recently weighed in on SCI. Weiss Ratings upgraded shares of Service Corporation International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 21st. JPMorgan Chase & Co. cut their price target on Service Corporation International from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Zacks Research downgraded Service Corporation International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 3rd. Wall Street Zen lowered Service Corporation International from a “hold” rating to a “sell” rating in a report on Saturday, October 31st. Finally, UBS Group decreased their price target on Service Corporation International from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, October 30th.

Get Our Latest Research Report on Service Corporation International

Hedge Funds Weigh In On Service Corporation International

Hedge funds have recently bought and sold shares of the company. Fulcrum Asset Management LLP bought a new stake in shares of Service Corporation International during the 3rd quarter worth approximately $166,000. Peterson Wealth Services increased its stake in Service Corporation International by 10.5% in the third quarter. Peterson Wealth Services now owns 17,011 shares of the company’s stock valued at $1,295,000 after acquiring an additional 1,619 shares during the last quarter. Root Financial Partners LLC acquired a new position in Service Corporation International during the third quarter valued at approximately $41,000. GAMMA Investing LLC raised its position in Service Corporation International by 20.0% during the third quarter. GAMMA Investing LLC now owns 3,204 shares of the company’s stock valued at $244,000 after purchasing an additional 533 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Service Corporation International by 5.0% during the third quarter. Farther Finance Advisors LLC now owns 7,527 shares of the company’s stock valued at $573,000 after purchasing an additional 361 shares in the last quarter. 85.53% of the stock is owned by institutional investors.

Service Corporation International Trading Down 0.9%

SCI stock opened at $73.04 on Thursday. Service Corporation International has a 52 week low of $68.41 and a 52 week high of $90.99. The company has a market capitalization of $9.93 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.94 and a beta of 0.77. The company’s 50-day simple moving average is $78.96 and its 200 day simple moving average is $79.78. 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 (NYSE:SCI – Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. Service Corporation International had a return on equity of 34.96% and a net margin of 12.70%. Service Corporation International’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.87 EPS. As a group, sell-side analysts anticipate that Service Corporation International will post 4.00 earnings per share for the current year.

Service Corporation International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.44 annualized dividend and a yield of 2.0%. Service Corporation International’s dividend payout ratio is currently 35.73%.

About Service Corporation International

(Get Free Report)

Service Corporation International (SCI) is a provider of funeral, cremation and cemetery services in the United States and Canada. Its offerings include funeral and memorial services, cremation, cemetery property and merchandise, as well as advance-planning arrangements.

The company serves families through a network of funeral homes and cemeteries, including locations that operate under brands such as Dignity Memorial, Funeraria del Angel and National Cremation Society.

Founded in 1962 by Robert L.

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Analyst Recommendations for Service Corporation International (NYSE:SCI)

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