Service Co. International (SCI) Receives New Coverage from Analysts at Off Wall Street

Stock analysts at Off Wall Street began coverage on shares of Service Co. International (NYSE:SCI) in a note issued to investors on Friday, The Fly reports. The brokerage set a “sell” rating on the stock.

SCI has been the topic of a number of other reports. Zacks Investment Research upgraded Service Co. International from a “sell” rating to a “hold” rating and set a $40.00 price target on the stock in a research note on Saturday, October 28th. Oppenheimer restated a “buy” rating and set a $39.00 price target on shares of Service Co. International in a research note on Tuesday, September 26th. Credit Suisse Group restated an “outperform” rating and set a $40.00 price target (up from $38.00) on shares of Service Co. International in a research note on Friday, November 3rd. Finally, BidaskClub upgraded Service Co. International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $39.75.

Service Co. International (SCI) traded down $0.14 during trading hours on Friday, reaching $37.15. The company’s stock had a trading volume of 947,900 shares, compared to its average volume of 1,056,986. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 2.66. Service Co. International has a one year low of $26.75 and a one year high of $38.10. The firm has a market capitalization of $7,018.88, a PE ratio of 24.47, a price-to-earnings-growth ratio of 2.15 and a beta of 0.96.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. Service Co. International had a return on equity of 24.85% and a net margin of 11.83%. The company had revenue of $731.30 million for the quarter, compared to analysts’ expectations of $735.62 million. During the same period in the prior year, the firm earned $0.26 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. equities analysts predict that Service Co. International will post 1.51 earnings per share for the current fiscal year.

In other news, VP Elisabeth G. Nash sold 47,000 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $35.64, for a total transaction of $1,675,080.00. Following the sale, the vice president now owns 164,441 shares of the company’s stock, valued at $5,860,677.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider R L. Waltrip sold 84,679 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $37.90, for a total value of $3,209,334.10. Following the sale, the insider now directly owns 765,762 shares in the company, valued at approximately $29,022,379.80. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of SCI. Acrospire Investment Management LLC increased its position in shares of Service Co. International by 315.7% during the second quarter. Acrospire Investment Management LLC now owns 3,687 shares of the company’s stock worth $123,000 after acquiring an additional 2,800 shares during the period. IFP Advisors Inc increased its holdings in Service Co. International by 2.1% in the second quarter. IFP Advisors Inc now owns 4,232 shares of the company’s stock valued at $142,000 after buying an additional 89 shares during the last quarter. CIBC Asset Management Inc purchased a new position in Service Co. International in the second quarter valued at $210,000. Green Square Capital LLC purchased a new position in Service Co. International in the second quarter valued at $262,000. Finally, FNY Managed Accounts LLC increased its holdings in Service Co. International by 3,709.5% in the second quarter. FNY Managed Accounts LLC now owns 8,000 shares of the company’s stock valued at $267,000 after buying an additional 7,790 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

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Service Co. 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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