Raymond James Forecasts Strong Price Appreciation for Service Co. International (NYSE:SCI) Stock

Service Co. International (NYSE:SCI) had its price objective raised by Raymond James from $80.00 to $85.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts also recently commented on SCI. StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Truist Financial boosted their price objective on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $85.25.

Service Co. International Trading Up 0.7 %

Shares of SCI stock opened at $82.17 on Friday. The company has a market cap of $11.87 billion, a P/E ratio of 23.89, a PEG ratio of 2.39 and a beta of 0.83. Service Co. International has a fifty-two week low of $57.03 and a fifty-two week high of $83.26. The stock has a 50 day simple moving average of $77.75 and a two-hundred day simple moving average of $74.28. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 earnings per share. Research analysts forecast that Service Co. International will post 3.51 earnings per share for the current year.

Service Co. International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 annualized dividend and a yield of 1.46%. Service Co. International’s dividend payout ratio (DPR) is currently 34.88%.

Insider Buying and Selling

In related news, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total value of $201,875.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas L. Ryan sold 80,638 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total value of $5,964,792.86. Following the completion of the transaction, the chief executive officer now owns 988,365 shares of the company’s stock, valued at $73,109,359.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BDF Gestion bought a new position in Service Co. International in the 2nd quarter valued at $3,948,000. Diversify Advisory Services LLC bought a new position in shares of Service Co. International during the 1st quarter worth $865,000. Boston Trust Walden Corp grew its stake in shares of Service Co. International by 2.7% during the 2nd quarter. Boston Trust Walden Corp now owns 684,846 shares of the company’s stock worth $48,713,000 after acquiring an additional 17,874 shares during the period. Sei Investments Co. grew its stake in shares of Service Co. International by 12.8% during the 1st quarter. Sei Investments Co. now owns 103,477 shares of the company’s stock worth $7,680,000 after acquiring an additional 11,709 shares during the period. Finally, Tidal Investments LLC bought a new position in shares of Service Co. International during the 1st quarter worth $917,000. Institutional investors own 85.53% of the company’s stock.

About Service Co. International

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.