Analysts Set Service Co. International (NYSE:SCI) PT at $76.80

Service Co. International (NYSE:SCI) has earned an average recommendation of “Buy” from the five ratings firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $78.00.

SCI has been the topic of several recent analyst reports. UBS Group increased their target price on Service Co. International from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Oppenheimer boosted their target price on Service Co. International from $76.00 to $79.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd. Finally, Truist Financial raised their price target on shares of Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Friday.

Service Co. International Stock Up 1.7 %

SCI stock opened at $73.28 on Friday. The business has a 50 day moving average of $70.71 and a 200 day moving average of $70.36. The firm has a market cap of $10.67 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 1.95 and a beta of 0.85. Service Co. International has a twelve month low of $52.89 and a twelve month high of $75.97. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 2.90.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.04. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a return on equity of 32.23% and a net margin of 12.73%. The company’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. On average, research analysts forecast that Service Co. International will post 3.66 EPS for the current fiscal year.

Service Co. International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, June 14th. Service Co. International’s payout ratio is currently 34.48%.

Insider Transactions at Service Co. International

In other news, Director Victor L. Lund sold 7,606 shares of Service Co. International stock in a transaction on Monday, April 15th. The shares were sold at an average price of $70.00, for a total transaction of $532,420.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Victor L. Lund sold 7,606 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $70.00, for a total value of $532,420.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Victor L. Lund sold 1,011 shares of Service Co. International stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $70.00, for a total value of $70,770.00. Following the transaction, the director now directly owns 7,606 shares in the company, valued at $532,420. The disclosure for this sale can be found here. Insiders have sold 11,517 shares of company stock worth $813,092 in the last quarter. Company insiders own 5.10% of the company’s stock.

Institutional Trading of Service Co. International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Swedbank AB bought a new stake in Service Co. International during the 1st quarter valued at approximately $224,137,000. Handelsbanken Fonder AB lifted its holdings in shares of Service Co. International by 0.5% in the fourth quarter. Handelsbanken Fonder AB now owns 1,920,710 shares of the company’s stock worth $131,473,000 after buying an additional 10,000 shares in the last quarter. Coho Partners Ltd. lifted its holdings in shares of Service Co. International by 10.6% in the first quarter. Coho Partners Ltd. now owns 1,685,111 shares of the company’s stock worth $125,052,000 after buying an additional 161,570 shares in the last quarter. Northern Trust Corp boosted its position in shares of Service Co. International by 2.4% during the third quarter. Northern Trust Corp now owns 1,447,701 shares of the company’s stock worth $82,722,000 after acquiring an additional 34,596 shares during the last quarter. Finally, Norges Bank purchased a new position in Service Co. International during the fourth quarter valued at $92,331,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.