Service Co. International (NYSE:SCI) Upgraded to Hold at StockNews.com

Service Co. International (NYSE:SCI) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

A number of other equities research analysts also recently issued reports on the company. Truist Financial boosted their price target on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Oppenheimer boosted their target price on shares of Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Raymond James increased their price target on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

Service Co. International Trading Down 5.3 %

Shares of SCI stock opened at $77.13 on Tuesday. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. Service Co. International has a 12-month low of $67.19 and a 12-month high of $89.37. The stock has a market capitalization of $11.15 billion, a P/E ratio of 22.42, a P/E/G ratio of 2.01 and a beta of 0.87. The firm’s 50 day moving average is $79.38 and its 200 day moving average is $79.56.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. Research analysts expect that Service Co. International will post 3.51 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $86.11, for a total transaction of $4,305,500.00. Following the transaction, the chief executive officer now owns 982,333 shares in the company, valued at approximately $84,588,694.63. The trade was a 4.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tony Coelho sold 2,555 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total value of $218,810.20. Following the completion of the sale, the director now owns 53,324 shares of the company’s stock, valued at $4,566,667.36. The trade was a 4.57 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SCI. T. Rowe Price Investment Management Inc. raised its position in shares of Service Co. International by 5.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,952,636 shares of the company’s stock valued at $714,600,000 after buying an additional 492,822 shares during the last quarter. FMR LLC grew its stake in Service Co. International by 70.2% during the fourth quarter. FMR LLC now owns 6,901,982 shares of the company’s stock valued at $550,916,000 after acquiring an additional 2,846,159 shares in the last quarter. Geode Capital Management LLC increased its holdings in Service Co. International by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,239,331 shares of the company’s stock valued at $258,624,000 after acquiring an additional 27,429 shares during the last quarter. Swedbank AB lifted its stake in Service Co. International by 1.7% in the 4th quarter. Swedbank AB now owns 2,950,020 shares of the company’s stock worth $235,471,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Service Co. International by 24.9% during the 4th quarter. Northern Trust Corp now owns 1,650,384 shares of the company’s stock valued at $131,734,000 after purchasing an additional 328,686 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

About Service Co. International

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.