Service Co. International (NYSE:SCI) Stock Rating Lowered by StockNews.com

Service Co. International (NYSE:SCI) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.

A number of other equities analysts also recently commented on the company. Raymond James lifted their price target on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Truist Financial lifted their target price on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.25.

Service Co. International Stock Down 1.2 %

Shares of NYSE SCI opened at $85.96 on Friday. 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 has a 1 year low of $57.03 and a 1 year high of $87.03. The stock’s 50-day simple moving average is $78.19 and its 200-day simple moving average is $74.55. The firm has a market cap of $12.43 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.40 and a beta of 0.83.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (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 analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned $0.78 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Service Co. International

In other news, Director Ellen Ochoa sold 2,642 shares of the stock in a transaction that occurred 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 legal filing with the SEC, which can be accessed through this hyperlink. 4.60% of the stock is currently owned by insiders.

Institutional Trading of Service Co. International

Several hedge funds have recently bought and sold shares of SCI. Select Equity Group L.P. grew its position in Service Co. International by 53.5% in the 2nd quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock worth $514,966,000 after purchasing an additional 2,524,795 shares during the last quarter. Swedbank AB acquired a new stake in Service Co. International in the 1st quarter valued at approximately $224,137,000. Dimensional Fund Advisors LP raised its stake in Service Co. International by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,942,559 shares of the company’s stock valued at $138,183,000 after acquiring an additional 135,017 shares in the last quarter. Handelsbanken Fonder AB boosted its position in Service Co. International by 3.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 1,810,148 shares of the company’s stock worth $142,875,000 after acquiring an additional 61,838 shares during the period. Finally, Coho Partners Ltd. grew its stake in shares of Service Co. International by 10.6% in the first quarter. Coho Partners Ltd. now owns 1,685,111 shares of the company’s stock worth $125,052,000 after purchasing an additional 161,570 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

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.