Shares of Service Corporation International (NYSE:SCI) have been given an average rating of “Buy” by the six brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $36.33.
SCI has been the subject of several research reports. Deutsche Bank AG initiated coverage on Service Corporation International in a research note on Monday, May 1st. They set a “buy” rating and a $40.00 price objective for the company. Zacks Investment Research upgraded Service Corporation International from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Saturday, April 29th. BidaskClub upgraded Service Corporation International from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $37.00 price target (up from $34.00) on shares of Service Corporation International in a research report on Friday, July 21st.
Shares of Service Corporation International (NYSE:SCI) traded down 0.68% during midday trading on Monday, reaching $34.89. The company had a trading volume of 1,655,793 shares. The firm’s 50 day moving average price is $33.28 and its 200-day moving average price is $31.46. Service Corporation International has a 1-year low of $24.90 and a 1-year high of $35.50. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 18.94 and a beta of 0.93.
Service Corporation International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Service Corporation International had a return on equity of 24.67% and a net margin of 11.59%. The company had revenue of $773.20 million during the quarter, compared to analyst estimates of $769.57 million. During the same period in the previous year, the business earned $0.28 EPS. Service Corporation International’s quarterly revenue was up 2.9% on a year-over-year basis. Equities research analysts expect that Service Corporation International will post $1.45 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were given a $0.15 dividend. The ex-dividend date was Tuesday, June 13th. This is a positive change from Service Corporation International’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.72%. Service Corporation International’s dividend payout ratio is 32.43%.
ILLEGAL ACTIVITY WARNING: “Service Corporation International (NYSE:SCI) Receives $35.00 Consensus PT from Analysts” was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://stocknewstimes.com/2017/07/31/analysts-set-service-corporation-international-nysesci-pt-at-35-00-updated.html.
In related news, CEO Thomas L. Ryan sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $31.80, for a total value of $3,180,000.00. Following the transaction, the chief executive officer now directly owns 1,175,109 shares in the company, valued at $37,368,466.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas L. Ryan sold 51,394 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $32.55, for a total value of $1,672,874.70. Following the completion of the transaction, the chief executive officer now owns 1,119,503 shares in the company, valued at $36,439,822.65. The disclosure for this sale can be found here. Insiders sold 331,400 shares of company stock valued at $10,639,948 over the last 90 days. Company insiders own 6.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Service Corporation International by 13,931.4% in the first quarter. BlackRock Inc. now owns 16,407,111 shares of the company’s stock worth $506,652,000 after buying an additional 16,290,180 shares in the last quarter. Morgan Stanley boosted its position in Service Corporation International by 385.2% in the first quarter. Morgan Stanley now owns 2,869,347 shares of the company’s stock worth $88,606,000 after buying an additional 2,277,979 shares in the last quarter. Norges Bank acquired a new position in Service Corporation International during the fourth quarter worth approximately $41,488,000. Renaissance Technologies LLC acquired a new position in Service Corporation International during the first quarter worth approximately $37,427,000. Finally, First Manhattan Co. boosted its position in Service Corporation International by 17.6% in the first quarter. First Manhattan Co. now owns 4,616,040 shares of the company’s stock worth $122,509,000 after buying an additional 691,037 shares in the last quarter. Hedge funds and other institutional investors own 85.69% of the company’s stock.
About Service Corporation International
Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.
Receive News & Ratings for Service Corporation International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Service Corporation International and related companies with MarketBeat.com's FREE daily email newsletter.
