Oppenheimer Increases Service Co. International (NYSE:SCI) Price Target to $92.00

Service Co. International (NYSE:SCI) had its price target increased by Oppenheimer from $86.00 to $92.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price objective would suggest a potential upside of 7.15% from the company’s current price.

Several other brokerages have also issued reports on SCI. StockNews.com raised shares of Service Co. International from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. Raymond James increased their price objective on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Truist Financial boosted their target price on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Service Co. International has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

Service Co. International Stock Performance

SCI stock opened at $85.86 on Friday. The firm has a market cap of $12.42 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 2.51 and a beta of 0.85. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. The stock has a 50-day moving average price of $82.31 and a 200-day moving average price of $77.55. Service Co. International has a 1-year low of $64.10 and a 1-year high of $89.37.

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, meeting the consensus estimate of $0.79. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates 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 revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 earnings per share. As a group, equities research analysts expect that Service Co. International will post 3.51 earnings per share for the current year.

Insider Activity

In other news, Director Tony Coelho sold 2,555 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total value of $218,810.20. Following the transaction, the director now owns 53,324 shares in the company, valued at $4,566,667.36. This trade represents a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International 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 transaction, the chief executive officer now directly owns 982,333 shares in the company, valued at approximately $84,588,694.63. The trade was a 4.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,655 shares of company stock worth $9,356,203 over the last three months. 5.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Service Co. International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC grew its stake in shares of Service Co. International by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Service Co. International by 121.9% during the second quarter. Blue Trust Inc. now owns 708 shares of the company’s stock valued at $53,000 after purchasing an additional 389 shares in the last quarter. Quarry LP boosted its holdings in Service Co. International by 258.6% during the second quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after purchasing an additional 569 shares during the last quarter. Waldron Private Wealth LLC bought a new stake in Service Co. International in the 3rd quarter worth about $57,000. Finally, Farther Finance Advisors LLC increased its stake in Service Co. International by 36.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after buying an additional 249 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Service Co. International Company Profile

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.