Brokerages Set Service Corporation International (NYSE:SCI) Target Price at $96.50

Shares of Service Corporation International (NYSE:SCI) have earned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $96.50.

A number of equities research analysts have weighed in on SCI shares. UBS Group raised their target price on Service Corporation International from $88.00 to $95.00 and gave the company a “buy” rating in a report on Monday, October 13th. Weiss Ratings downgraded Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, JPMorgan Chase & Co. assumed coverage on Service Corporation International in a research note on Tuesday, January 20th. They issued an “overweight” rating and a $110.00 price objective on the stock.

Insider Activity at Service Corporation International

In related news, VP Elisabeth G. Nash sold 42,400 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $76.32, for a total transaction of $3,235,968.00. Following the completion of the transaction, the vice president directly owned 110,006 shares in the company, valued at $8,395,657.92. This represents a 27.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Sumner J. Waring III sold 30,300 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $83.14, for a total transaction of $2,519,142.00. Following the completion of the transaction, the president directly owned 295,192 shares of the company’s stock, valued at approximately $24,542,262.88. The trade was a 9.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.40% of the company’s stock.

Hedge Funds Weigh In On Service Corporation International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Boston Trust Walden Corp lifted its stake in shares of Service Corporation International by 1.6% in the second quarter. Boston Trust Walden Corp now owns 622,373 shares of the company’s stock worth $50,661,000 after acquiring an additional 9,821 shares during the period. Campbell & CO Investment Adviser LLC increased its position in Service Corporation International by 28.1% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 33,193 shares of the company’s stock valued at $2,702,000 after purchasing an additional 7,273 shares during the period. Opus Capital Group LLC raised its holdings in Service Corporation International by 10.6% during the 2nd quarter. Opus Capital Group LLC now owns 70,654 shares of the company’s stock worth $5,751,000 after purchasing an additional 6,772 shares during the last quarter. Brighton Jones LLC acquired a new position in shares of Service Corporation International in the 4th quarter worth approximately $435,000. Finally, AGF Management Ltd. acquired a new position in shares of Service Corporation International in the 2nd quarter worth approximately $3,171,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Service Corporation International Price Performance

SCI stock opened at $81.17 on Tuesday. The company’s 50-day moving average price is $78.99 and its two-hundred day moving average price is $79.86. The firm has a market cap of $11.38 billion, a P/E ratio of 21.88, a P/E/G ratio of 1.78 and a beta of 0.99. The company has a quick ratio of 0.52, a current ratio of 0.56 and a debt-to-equity ratio of 3.17. Service Corporation International has a 12 month low of $71.75 and a 12 month high of $85.00.

Service Corporation International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Service Corporation International had a net margin of 12.46% and a return on equity of 33.60%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 EPS. Service Corporation International has set its FY 2025 guidance at 3.800-3.90 EPS. On average, analysts anticipate that Service Corporation International will post 3.84 earnings per share for the current fiscal year.

Service Corporation International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.6%. Service Corporation International’s dividend payout ratio is 36.66%.

Service Corporation International Company Profile

Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.