JPMorgan Chase & Co. Has Lowered Expectations for Service Corporation International (NYSE:SCI) Stock Price

Service Corporation International (NYSE:SCI) had its price target reduced by stock analysts at JPMorgan Chase & Co. from $100.00 to $95.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 24.41% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. UBS Group lowered their price target on shares of Service Corporation International from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday. Wall Street Zen downgraded shares of Service Corporation International from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings upgraded Service Corporation International from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 21st. Four analysts have rated the stock with a Buy rating. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $95.67.

Service Corporation International Price Performance

Shares of SCI opened at $76.36 on Friday. The stock has a market capitalization of $10.41 billion, a P/E ratio of 18.95, a P/E/G ratio of 1.93 and a beta of 0.81. Service Corporation International has a twelve month low of $68.41 and a twelve month high of $90.99. The company has a 50 day moving average of $80.00 and a 200-day moving average of $79.97. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 3.16.

Service Corporation International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.02). Service Corporation International had a return on equity of 34.96% and a net margin of 12.70%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm earned $0.87 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, equities research analysts forecast that Service Corporation International will post 4.00 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SCI. Turtle Creek Asset Management Inc. grew its holdings in Service Corporation International by 12.0% during the first quarter. Turtle Creek Asset Management Inc. now owns 1,161,496 shares of the company’s stock worth $95,835,000 after purchasing an additional 124,151 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Service Corporation International in the second quarter valued at approximately $80,965,000. Handelsbanken Fonder AB boosted its stake in shares of Service Corporation International by 3.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 881,985 shares of the company’s stock worth $66,996,000 after acquiring an additional 32,137 shares during the period. California State Teachers Retirement System boosted its stake in shares of Service Corporation International by 18.3% during the 1st quarter. California State Teachers Retirement System now owns 164,939 shares of the company’s stock worth $13,609,000 after acquiring an additional 25,524 shares during the period. Finally, Aureus Asset Management LLC boosted its stake in shares of Service Corporation International by 196.8% during the 1st quarter. Aureus Asset Management LLC now owns 112,192 shares of the company’s stock worth $9,257,000 after acquiring an additional 74,387 shares during the period. Institutional investors own 85.53% of the company’s stock.

Service Corporation International Company Profile

Service Corporation International (NYSE:SCI) is a Houston-based provider of funeral, cremation and cemetery services. The company operates funeral homes, cemeteries and cremation facilities, offering arrangements for traditional funerals, memorial services and cremations, as well as cemetery property, burial services and related merchandise.

SCI serves families primarily in the United States and Canada through a network of locations and a portfolio of brands that includes Dignity Memorial, Funeraria del Angel and Neptune Society.