Service Co. International (NYSE:SCI) Cut to “Sell” at StockNews.com

Service Co. International (NYSE:SCI) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

A number of other research firms also recently weighed in on SCI. Raymond James lifted their price target on Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Truist Financial upped their price target on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.25.

Service Co. International Stock Performance

Shares of SCI stock opened at $85.96 on Friday. Service Co. International has a 52-week low of $57.03 and a 52-week high of $87.03. The stock’s 50-day moving average price is $78.19 and its 200 day moving average price is $74.55. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91. The stock has a market capitalization of $12.43 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.40 and a beta of 0.83.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share. As a group, equities research analysts forecast that Service Co. International will post 3.51 EPS for the current year.

Insider Transactions at Service Co. International

In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. nVerses Capital LLC increased its stake in Service Co. International by 100.0% in the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Blue Trust Inc. increased its position in Service Co. International by 121.9% during the second quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after purchasing an additional 389 shares during the last quarter. Quarry LP boosted its holdings in Service Co. International by 258.6% in the second quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after acquiring an additional 569 shares during the last quarter. Waldron Private Wealth LLC purchased a new stake in shares of Service Co. International during the 3rd quarter worth about $57,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Service Co. International in the first quarter worth $65,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

About Service Co. International

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.