Service Co. International (SCI) Given New $46.00 Price Target at Credit Suisse Group

Service Co. International (NYSE:SCI) had its target price increased by research analysts at Credit Suisse Group from $40.00 to $46.00 in a report released on Monday, February 5th. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s price target would indicate a potential upside of 21.79% from the stock’s current price.

Several other equities analysts have also recently issued reports on SCI. Zacks Investment Research upgraded Service Co. International from a “sell” rating to a “hold” rating and set a $40.00 price objective for the company in a research note on Saturday, October 28th. Oppenheimer restated a “buy” rating and set a $42.00 target price on shares of Service Co. International in a research note on Thursday, January 18th. Finally, Off Wall Street assumed coverage on Service Co. International in a research note on Friday, December 15th. They set a “sell” rating for the company. One 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 issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $42.00.

Shares of Service Co. International (NYSE SCI) traded up $0.07 on Monday, hitting $37.77. The stock had a trading volume of 845,847 shares, compared to its average volume of 1,285,733. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 2.66. The stock has a market cap of $6,880.16, a PE ratio of 19.88, a PEG ratio of 1.92 and a beta of 0.95. Service Co. International has a fifty-two week low of $30.02 and a fifty-two week high of $40.28.

In related news, VP Elisabeth G. Nash sold 47,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 164,441 shares in the company, valued at $5,860,677.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider R L. Waltrip sold 84,679 shares of the business’s stock in a transaction that occurred 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 owns 765,762 shares of the company’s stock, valued at approximately $29,022,379.80. The disclosure for this sale can be found here. 6.20% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Green Square Capital LLC purchased a new stake in Service Co. International during the second quarter worth approximately $262,000. Quantitative Systematic Strategies LLC purchased a new stake in Service Co. International during the fourth quarter worth approximately $293,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Service Co. International by 44.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,111 shares of the company’s stock worth $377,000 after purchasing an additional 3,128 shares during the last quarter. Stephens Inc. AR lifted its stake in Service Co. International by 31.8% in the fourth quarter. Stephens Inc. AR now owns 10,120 shares of the company’s stock valued at $378,000 after buying an additional 2,443 shares during the last quarter. Finally, Highland Capital Management LLC purchased a new stake in Service Co. International in the fourth quarter valued at approximately $506,000. Hedge funds and other institutional investors own 84.72% 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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