Service Co. International (NYSE:SCI) Downgraded to Sell Rating by StockNews.com

StockNews.com cut shares of Service Co. International (NYSE:SCI) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

Several other brokerages also recently weighed in on SCI. Oppenheimer increased their target price on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Truist Financial increased their price target on shares of Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Raymond James increased their price target on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $88.50.

Service Co. International Price Performance

Shares of SCI opened at $76.15 on Monday. Service Co. International has a fifty-two week low of $66.05 and a fifty-two week high of $89.37. The company has a market capitalization of $11.01 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87. The firm has a 50-day simple moving average of $80.56 and a 200-day simple moving average of $79.57. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52.

Insider Buying and Selling at Service Co. International

In other news, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $86.11, for a total value of $4,305,500.00. Following the sale, the chief executive officer now directly owns 982,333 shares in the company, valued at $84,588,694.63. This represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tony Coelho sold 2,555 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total transaction of $218,810.20. Following the completion of the sale, the director now owns 53,324 shares in the company, valued at $4,566,667.36. This represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 108,655 shares of company stock valued at $9,356,203. Corporate insiders own 5.10% of the company’s stock.

Institutional Trading of Service Co. International

Several large investors have recently modified their holdings of SCI. Sanctuary Advisors LLC acquired a new stake in shares of Service Co. International in the second quarter valued at approximately $344,000. Ritholtz Wealth Management boosted its position in Service Co. International by 15.8% during the third quarter. Ritholtz Wealth Management now owns 8,771 shares of the company’s stock worth $692,000 after acquiring an additional 1,194 shares during the last quarter. CX Institutional boosted its position in Service Co. International by 8.0% during the third quarter. CX Institutional now owns 13,405 shares of the company’s stock worth $1,058,000 after acquiring an additional 991 shares during the last quarter. Creative Planning boosted its position in Service Co. International by 10.0% during the third quarter. Creative Planning now owns 26,399 shares of the company’s stock worth $2,084,000 after acquiring an additional 2,394 shares during the last quarter. Finally, Iams Wealth Management LLC boosted its position in Service Co. International by 23.1% during the third quarter. Iams Wealth Management LLC now owns 8,223 shares of the company’s stock worth $649,000 after acquiring an additional 1,543 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Service Co. International Company Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.