Service Corporation International (NYSE:SCI) Coverage Initiated by Analysts at Stephens

Equities researchers at Stephens assumed coverage on shares of Service Corporation International (NYSE:SCI) in a research note issued on Friday, Briefing.com reports. The firm set an “overweight” rating and a $86.00 price target on the stock. Stephens‘s price objective suggests a potential upside of 14.87% from the company’s previous close.

A number of other research firms have also commented on SCI. Weiss Ratings raised shares of Service Corporation International from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 21st. Zacks Research lowered Service Corporation International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 3rd. JPMorgan Chase & Co. decreased their price objective on Service Corporation International from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. UBS Group dropped their price objective on Service Corporation International from $105.00 to $95.00 and set a “buy” rating for the company in a report on Friday, October 30th. Finally, Wall Street Zen cut Service Corporation International from a “hold” rating to a “sell” rating in a report on Saturday, October 31st. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.25.

Service Corporation International Stock Performance

Shares of NYSE:SCI opened at $74.86 on Friday. The business has a fifty day moving average of $78.56 and a 200-day moving average of $79.69. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.36 and a current ratio of 0.40. Service Corporation International has a twelve month low of $68.41 and a twelve month high of $90.99. The firm has a market cap of $10.17 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.90 and a beta of 0.77.

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

Institutional Investors Weigh In On Service Corporation International

Several large investors have recently made changes to their positions in SCI. Farther Finance Advisors LLC raised its holdings in shares of Service Corporation International by 5.0% during the third quarter. Farther Finance Advisors LLC now owns 7,527 shares of the company’s stock worth $573,000 after acquiring an additional 361 shares during the period. GAMMA Investing LLC boosted its stake in Service Corporation International by 20.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,204 shares of the company’s stock worth $244,000 after purchasing an additional 533 shares during the period. Root Financial Partners LLC bought a new position in Service Corporation International during the 3rd quarter worth about $41,000. CX Institutional raised its stake in shares of Service Corporation International by 7.3% in the 3rd quarter. CX Institutional now owns 12,345 shares of the company’s stock valued at $940,000 after purchasing an additional 838 shares during the period. Finally, Peterson Wealth Services lifted its holdings in shares of Service Corporation International by 10.5% in the third quarter. Peterson Wealth Services now owns 17,011 shares of the company’s stock valued at $1,295,000 after purchasing an additional 1,619 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Service Corporation International Company Profile

Service Corporation International (SCI) is a provider of funeral, cremation and cemetery services in the United States and Canada. Its offerings include funeral and memorial services, cremation, cemetery property and merchandise, as well as advance-planning arrangements. The company serves families through a network of funeral homes and cemeteries, including locations that operate under brands such as Dignity Memorial, Funeraria del Angel and National Cremation Society. Founded in 1962 by Robert L. Waltrip, Service Corporation International is headquartered in Houston, Texas.