Service Corporation International (NYSE:SCI)‘s stock had its “outperform” rating reiterated by stock analysts at Oppenheimer Holdings, Inc. in a report released on Friday, July 21st. They presently have a $37.00 target price on the stock, up from their previous target price of $34.00. Oppenheimer Holdings, Inc.’s target price suggests a potential upside of 6.05% from the stock’s current price.
A number of other equities analysts have also commented on the stock. BidaskClub upgraded shares of Service Corporation International from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research lowered shares of Service Corporation International from a “buy” rating to a “hold” rating in a report on Wednesday, April 19th. Finally, Deutsche Bank AG initiated coverage on shares of Service Corporation International in a report on Monday, May 1st. They set a “buy” rating and a $40.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $36.50.
Shares of Service Corporation International (SCI) traded down 0.09% during mid-day trading on Friday, hitting $34.86. 258,224 shares of the company’s stock traded hands. The firm has a 50-day moving average of $33.28 and a 200 day moving average of $31.46. Service Corporation International has a 52 week low of $24.90 and a 52 week high of $35.50. The company has a market cap of $6.53 billion, a PE ratio of 18.89 and a beta of 0.93.
Service Corporation International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $773.20 million for the quarter, compared to analyst estimates of $769.57 million. Service Corporation International had a net margin of 11.59% and a return on equity of 24.67%. Service Corporation International’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share. Equities research analysts predict that Service Corporation International will post $1.45 EPS for the current year.
In other Service Corporation International news, CEO Thomas L. Ryan sold 51,394 shares of Service Corporation International stock in a transaction 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 sale, the chief executive officer now directly owns 1,119,503 shares of the company’s stock, valued at $36,439,822.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Thomas L. Ryan sold 100,000 shares of Service Corporation International stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $31.80, for a total transaction of $3,180,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,175,109 shares of the company’s stock, valued at $37,368,466.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 210,000 shares of company stock valued at $6,725,578. Insiders own 6.20% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Founders Capital Management bought a new stake in Service Corporation International during the first quarter valued at $185,000. Glen Harbor Capital Management LLC increased its stake in Service Corporation International by 11.1% in the first quarter. Glen Harbor Capital Management LLC now owns 6,064 shares of the company’s stock valued at $187,000 after buying an additional 608 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Service Corporation International during the first quarter valued at $200,000. Homrich & Berg bought a new stake in Service Corporation International during the first quarter valued at $201,000. Finally, Baird Financial Group Inc. acquired a new stake in Service Corporation International during the first quarter valued at approximately $202,000. 85.83% of the stock is owned by hedge funds and other institutional investors.
Service Corporation International Company Profile
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.
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