Service Corporation International (NYSE:SCI – Get Free Report) had its target price decreased by equities researchers at UBS Group from $105.00 to $95.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group‘s price target would indicate a potential upside of 24.41% from the company’s current price.
SCI has been the subject of several other reports. Weiss Ratings upgraded Service Corporation International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 21st. Wall Street Zen downgraded shares of Service Corporation International from a “hold” rating to a “sell” rating in a report on Saturday. Four analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $95.67.
View Our Latest Research Report on SCI
Service Corporation International Price Performance
Shares of SCI opened at $76.36 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 3.16. The company has a market cap of $10.41 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.93 and a beta of 0.81. Service Corporation International has a 1-year low of $68.41 and a 1-year high of $90.99. The company’s fifty day simple moving average is $80.00 and its 200 day simple moving average is $79.97.
Service Corporation International (NYSE:SCI – Get Free Report) last announced its earnings results on Wednesday, October 28th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.02). Service Corporation International had a return on equity of 34.96% and a net margin of 12.70%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm posted $0.87 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. On average, research analysts forecast that Service Corporation International will post 4.00 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Service Corporation International
Hedge funds have recently made changes to their positions in the business. Turtle Creek Asset Management Inc. grew its holdings 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 acquiring an additional 124,151 shares during the period. Bank of New York Mellon Corp bought a new position in Service Corporation International in the 2nd quarter valued at approximately $80,965,000. Handelsbanken Fonder AB boosted its holdings in shares of Service Corporation International by 3.8% during the 2nd 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 boosted its stake in shares of Service Corporation International by 18.3% in the 1st quarter. California State Teachers Retirement System now owns 164,939 shares of the company’s stock worth $13,609,000 after buying an additional 25,524 shares during the last quarter. Finally, Aureus Asset Management LLC increased its position in shares of Service Corporation International by 196.8% during the 1st quarter. Aureus Asset Management LLC now owns 112,192 shares of the company’s stock valued at $9,257,000 after purchasing an additional 74,387 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other 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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