Service Corporation International (NYSE:SCI – Free Report) had its price target decreased by UBS Group from $105.00 to $95.00 in a research report released on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.
Other equities research analysts also recently issued research reports about the company. Wall Street Zen downgraded Service Corporation International from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings raised Service Corporation International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 21st. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $95.67.
View Our Latest Analysis on SCI
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 current ratio of 0.40 and a quick ratio of 0.36. The firm’s 50 day moving average is $80.00 and its 200-day moving average is $79.97. Service Corporation International has a 12-month low of $68.41 and a 12-month high of $90.99. The stock has a market capitalization of $10.41 billion, a P/E ratio of 18.95, a P/E/G ratio of 1.93 and a beta of 0.81.
Service Corporation International (NYSE:SCI – Get Free Report) last released 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). The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. Service Corporation International had a net margin of 12.70% and a return on equity of 34.96%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.87 earnings per share. Equities research analysts anticipate that Service Corporation International will post 4.00 EPS for the current fiscal year.
Service Corporation International Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Tuesday, September 15th. Service Corporation International’s dividend payout ratio is 35.73%.
Hedge Funds Weigh In On Service Corporation International
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC raised its stake in Service Corporation International by 35.7% during the 1st quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock valued at $50,000 after purchasing an additional 161 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Service Corporation International by 5.0% in 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. GAMMA Investing LLC boosted its position in shares of Service Corporation International by 20.0% in the third quarter. GAMMA Investing LLC now owns 3,204 shares of the company’s stock worth $244,000 after buying an additional 533 shares during the period. CX Institutional boosted its position in shares of Service Corporation International by 7.3% in the third quarter. CX Institutional now owns 12,345 shares of the company’s stock worth $940,000 after buying an additional 838 shares during the period. Finally, Peterson Wealth Services boosted its position in shares of Service Corporation International by 10.5% in the third quarter. Peterson Wealth Services now owns 17,011 shares of the company’s stock worth $1,295,000 after buying an additional 1,619 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.
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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