Service Co. International (NYSE:SCI) had its target price upped by Deutsche Bank from $40.00 to $42.00 in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price indicates a potential upside of 8.81% from the company’s previous close.
A number of other research firms have also recently commented on SCI. Off Wall Street started coverage on Service Co. International in a research report on Friday, December 15th. They set a “sell” rating for the company. Zacks Investment Research cut Service Co. International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Credit Suisse Group lifted their price objective on Service Co. International from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Finally, Oppenheimer reissued a “buy” rating and issued a $42.00 price target on shares of Service Co. International in a research note on Thursday, January 18th. 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 company. The company presently has an average rating of “Buy” and an average price target of $42.50.
Service Co. International (NYSE SCI) traded up $0.98 during trading on Thursday, reaching $38.60. The company had a trading volume of 259,839 shares, compared to its average volume of 1,344,842. The stock has a market cap of $7,058.25, a PE ratio of 13.56, a PEG ratio of 1.96 and a beta of 0.95. Service Co. International has a 1 year low of $30.02 and a 1 year high of $40.28. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 2.66.
In other Service Co. International news, VP Elisabeth G. Nash sold 47,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $35.64, for a total value of $1,675,080.00. Following the sale, the vice president now directly owns 164,441 shares of the company’s stock, valued at approximately $5,860,677.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider R L. Waltrip sold 84,679 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 765,762 shares in the company, valued at $29,022,379.80. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of SCI. State Street Corp boosted its stake in Service Co. International by 0.4% in the 2nd quarter. State Street Corp now owns 4,961,421 shares of the company’s stock worth $165,957,000 after buying an additional 20,669 shares during the last quarter. BB&T Corp boosted its stake in Service Co. International by 7.6% in the 3rd quarter. BB&T Corp now owns 33,856 shares of the company’s stock worth $1,169,000 after buying an additional 2,389 shares during the last quarter. Aperio Group LLC boosted its stake in Service Co. International by 7.7% in the 3rd quarter. Aperio Group LLC now owns 49,425 shares of the company’s stock worth $1,705,000 after buying an additional 3,546 shares during the last quarter. Leavell Investment Management Inc. lifted its stake in shares of Service Co. International by 9.3% in the 3rd 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. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Service Co. International in the 3rd quarter valued at about $4,806,000. 84.72% of the stock is currently owned by hedge funds and other institutional investors.
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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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