Several analysts have recently updated their ratings and price targets for Service Corporation International (NYSE: SCI):

  • 9/30/2017 – Service Corporation International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “
  • 9/26/2017 – Service Corporation International had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $39.00 price target on the stock.
  • 9/21/2017 – Service Corporation International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “
  • 9/19/2017 – Service Corporation International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “
  • 9/12/2017 – Service Corporation International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “
  • 9/9/2017 – Service Corporation International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “
  • 9/1/2017 – Service Corporation International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “
  • 8/31/2017 – Service Corporation International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “
  • 8/25/2017 – Service Corporation International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “
  • 8/24/2017 – Service Corporation International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “
  • 8/19/2017 – Service Corporation International was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Service Corporation International (SCI) traded up 0.70% during midday trading on Wednesday, hitting $34.73. The stock had a trading volume of 2,330,060 shares. Service Corporation International has a 1-year low of $24.90 and a 1-year high of $35.89. The stock’s 50-day moving average is $35.02 and its 200-day moving average is $33.10. The stock has a market capitalization of $6.50 billion, a PE ratio of 18.82 and a beta of 0.92.

Service Corporation International (NYSE:SCI) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Service Corporation International had a net margin of 11.59% and a return on equity of 24.67%. The firm had revenue of $773.20 million for the quarter, compared to analyst estimates of $769.57 million. During the same period last year, the firm earned $0.28 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that Service Corporation International will post $1.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Thursday, September 14th. Service Corporation International’s payout ratio is presently 32.43%.

In related news, CFO Eric D. Tanzberger sold 187,100 shares of Service Corporation International stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $34.93, for a total transaction of $6,535,403.00. Following the transaction, the chief financial officer now owns 150,217 shares of the company’s stock, valued at $5,247,079.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Blair Waltrip sold 2,000 shares of Service Corporation International stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $35.07, for a total value of $70,140.00. Following the transaction, the director now directly owns 661,409 shares in the company, valued at approximately $23,195,613.63. The disclosure for this sale can be found here. Over the last three months, insiders have sold 604,800 shares of company stock valued at $21,109,153. 6.20% of the stock is currently owned by insiders.

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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