Service Co. International (NYSE:SCI) Price Target Raised to $92.00 at Truist Financial

Service Co. International (NYSE:SCI) had its price objective boosted by equities research analysts at Truist Financial from $84.00 to $92.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 12.72% from the stock’s current price.

Separately, StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Service Co. International has a consensus rating of “Moderate Buy” and a consensus price target of $85.25.

Service Co. International Stock Performance

Shares of NYSE SCI opened at $81.62 on Friday. The company has a market cap of $11.79 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 2.36 and a beta of 0.83. Service Co. International has a 12 month low of $56.38 and a 12 month high of $83.24. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.51. The company has a 50-day simple moving average of $77.65 and a 200-day simple moving average of $74.14.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Service Co. International will post 3.51 earnings per share for the current year.

Insider Transactions at Service Co. International

In related news, CEO Thomas L. Ryan sold 80,638 shares of Service Co. International stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the transaction, the chief executive officer now owns 988,365 shares in the company, valued at approximately $73,109,359.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Ellen Ochoa sold 2,642 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total value of $201,875.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas L. Ryan sold 80,638 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total value of $5,964,792.86. Following the transaction, the chief executive officer now directly owns 988,365 shares in the company, valued at $73,109,359.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Institutional Trading of Service Co. International

Several large investors have recently bought and sold shares of the company. nVerses Capital LLC lifted its position in shares of Service Co. International by 100.0% during the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Whittier Trust Co. increased its stake in Service Co. International by 406.5% during the 1st quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after buying an additional 435 shares during the period. Blue Trust Inc. lifted its holdings in Service Co. International by 121.9% in the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after buying an additional 389 shares in the last quarter. Waldron Private Wealth LLC purchased a new position in Service Co. International in the 3rd quarter valued at about $57,000. Finally, Quarry LP grew its stake in shares of Service Co. International by 258.6% during the second quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after acquiring an additional 569 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.