Service Co. International (SCI) PT Raised to $42.00

Service Co. International (NYSE:SCI) had its price target raised by equities research analysts at Deutsche Bank from $40.00 to $42.00 in a report issued on Thursday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank’s price objective points to a potential upside of 8.47% from the stock’s current price.

Several other brokerages have also weighed in on SCI. Credit Suisse Group increased their target price on Service Co. International from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Oppenheimer reaffirmed a “buy” rating and issued a $42.00 target price on shares of Service Co. International in a research report on Thursday, January 18th. Off Wall Street assumed coverage on Service Co. International in a research report on Friday, December 15th. They issued a “sell” rating on the stock. Finally, Zacks Investment Research raised Service Co. International from a “sell” rating to a “hold” rating and set a $40.00 target price on the stock in a research report on Saturday, October 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Service Co. International presently has an average rating of “Buy” and a consensus target price of $42.50.

Shares of Service Co. International (NYSE:SCI) traded up $1.10 during trading on Thursday, hitting $38.72. The company’s stock had a trading volume of 217,008 shares, compared to its average volume of 1,344,196. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 2.66. The stock has a market cap of $7,058.25, a price-to-earnings ratio of 13.56, a PEG ratio of 1.96 and a beta of 0.95. Service Co. International has a one year low of $30.02 and a one year high of $40.28.

Service Co. International (NYSE:SCI) last issued its earnings results on Tuesday, February 13th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. The business had revenue of $812.73 million for the quarter, compared to analyst estimates of $823.66 million. Service Co. International had a return on equity of 24.66% and a net margin of 17.66%. During the same period last year, the company posted $0.47 EPS. analysts forecast that Service Co. International will post 1.66 EPS for the current fiscal year.

In related news, insider R L. Waltrip sold 84,679 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $37.90, for a total value of $3,209,334.10. Following the completion of the sale, the insider now directly owns 765,762 shares in the company, valued at approximately $29,022,379.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Elisabeth G. Nash sold 47,000 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $35.64, for a total value of $1,675,080.00. Following the completion of the sale, the vice president now owns 164,441 shares of the company’s stock, valued at $5,860,677.24. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors acquired a new stake in shares of Service Co. International during the fourth quarter valued at about $190,000. Koch Industries Inc. acquired a new stake in shares of Service Co. International during the fourth quarter valued at about $243,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Service Co. International during the fourth quarter valued at about $293,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Service Co. International during the fourth quarter valued at about $329,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Service Co. International by 44.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,111 shares of the company’s stock valued at $377,000 after acquiring an additional 3,128 shares in the last quarter. Hedge funds and other institutional investors own 84.72% of the company’s stock.

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Service Co. International Company Profile

Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.

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