Service Corporation International (NYSE:SCI) Raised to “Hold” at Wall Street Zen

Service Corporation International (NYSE:SCI) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other research firms have also recently commented on SCI. JPMorgan Chase & Co. decreased their price objective on Service Corporation International from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. UBS Group reduced their target price on Service Corporation International from $95.00 to $93.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Oppenheimer lifted their target price on Service Corporation International from $94.00 to $97.00 and gave the company an “outperform” rating in a research report on Thursday, April 2nd. Finally, Weiss Ratings lowered Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

Service Corporation International Stock Performance

NYSE:SCI opened at $72.69 on Friday. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.57 and a quick ratio of 0.52. The firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 1.63 and a beta of 0.84. The company’s 50-day moving average is $78.04 and its two-hundred day moving average is $79.44. Service Corporation International has a 1-year low of $68.41 and a 1-year high of $88.67.

Service Corporation International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.03). The firm had revenue of $544.80 million during the quarter, compared to analysts’ expectations of $1.09 billion. Service Corporation International had a net margin of 12.36% and a return on equity of 34.30%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $0.96 EPS. Service Corporation International has set its FY 2026 guidance at 4.050-4.350 EPS. Analysts forecast that Service Corporation International will post 4.14 EPS for the current year.

Hedge Funds Weigh In On Service Corporation International

A number of hedge funds have recently made changes to their positions in SCI. Brighton Jones LLC purchased a new stake in Service Corporation International in the fourth quarter valued at approximately $435,000. Royal Bank of Canada boosted its position in shares of Service Corporation International by 38.8% during the first quarter. Royal Bank of Canada now owns 121,883 shares of the company’s stock worth $9,775,000 after buying an additional 34,051 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Service Corporation International by 48.7% during the first quarter. Goldman Sachs Group Inc. now owns 417,387 shares of the company’s stock worth $33,474,000 after buying an additional 136,770 shares during the period. Focus Partners Wealth grew its stake in shares of Service Corporation International by 3.1% in the first quarter. Focus Partners Wealth now owns 10,571 shares of the company’s stock valued at $848,000 after buying an additional 321 shares in the last quarter. Finally, Baird Financial Group Inc. grew its stake in shares of Service Corporation International by 32.6% in the second quarter. Baird Financial Group Inc. now owns 9,753 shares of the company’s stock valued at $794,000 after buying an additional 2,398 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

About Service Corporation International

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.