Service Co. International (SCI) Rating Reiterated by Oppenheimer

Service Co. International (NYSE:SCI)‘s stock had its “buy” rating reaffirmed by analysts at Oppenheimer in a research report issued to clients and investors on Thursday. They currently have a $42.00 price target on the stock. Oppenheimer’s target price points to a potential upside of 8.95% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Service Co. International from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Thursday, September 21st. Off Wall Street assumed coverage on shares of Service Co. International in a research note on Friday, December 15th. They issued a “sell” rating on the stock. Finally, Credit Suisse Group restated an “outperform” rating and issued a $40.00 target price (up from $38.00) on shares of Service Co. International in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Service Co. International has an average rating of “Buy” and an average target price of $40.50.

Shares of Service Co. International (NYSE:SCI) traded down $0.13 during trading hours on Thursday, reaching $38.55. 1,060,000 shares of the company traded hands, compared to its average volume of 1,110,000. The company has a market cap of $7,230.00, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. Service Co. International has a one year low of $28.67 and a one year high of $39.06. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.70 and a quick ratio of 0.65.

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

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Leavell Investment Management Inc. boosted its stake in shares of Service Co. International by 9.3% during the third quarter. Leavell Investment Management Inc. now owns 19,924 shares of the company’s stock valued at $687,000 after purchasing an additional 1,700 shares in the last quarter. BB&T Corp boosted its stake in shares of Service Co. International by 7.6% during the third quarter. BB&T Corp now owns 33,856 shares of the company’s stock valued at $1,169,000 after purchasing an additional 2,389 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of Service Co. International by 7.4% during the second quarter. Thrivent Financial For Lutherans now owns 37,990 shares of the company’s stock valued at $1,271,000 after purchasing an additional 2,630 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Service Co. International by 4.6% during the third quarter. Nordea Investment Management AB now owns 62,639 shares of the company’s stock valued at $2,161,000 after purchasing an additional 2,734 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Service Co. International by 2.3% during the second quarter. Mutual of America Capital Management LLC now owns 153,670 shares of the company’s stock valued at $5,140,000 after purchasing an additional 3,526 shares in the last quarter. Hedge funds and other institutional investors own 84.44% of the company’s stock.

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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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