Service Co. International (NYSE:SCI - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Wednesday.
Separately, Oppenheimer boosted their price target on Service Co. International from $86.00 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, Service Co. International presently has an average rating of "Moderate Buy" and an average target price of $88.50.
Get Our Latest Stock Analysis on SCI
Service Co. International Trading Down 0.5 %
SCI traded down $0.40 on Wednesday, reaching $79.81. 1,039,907 shares of the company traded hands, compared to its average volume of 984,416. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83. The company has a market cap of $11.51 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 1.90 and a beta of 0.90. The firm has a fifty day simple moving average of $78.91 and a two-hundred day simple moving average of $80.21. Service Co. International has a one year low of $67.19 and a one year high of $89.37.
Service Co. International (NYSE:SCI - Get Free Report) last released its quarterly earnings data 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 32.18% and a net margin of 12.39%. As a group, equities research analysts expect that Service Co. International will post 3.84 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Tony Coelho sold 6,500 shares of Service Co. International stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total transaction of $515,385.00. Following the completion of the transaction, the director now directly owns 46,824 shares in the company, valued at approximately $3,712,674.96. This trade represents a 12.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas L. Ryan sold 50,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $84.56, for a total value of $4,228,000.00. Following the completion of the sale, the chief executive officer now owns 982,333 shares in the company, valued at approximately $83,066,078.48. This represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its position in shares of Service Co. International by 263.1% during the 3rd quarter. Franklin Resources Inc. now owns 15,912 shares of the company's stock valued at $1,206,000 after acquiring an additional 11,530 shares during the period. Geode Capital Management LLC grew its holdings in Service Co. International by 5.1% in the third quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company's stock valued at $253,567,000 after purchasing an additional 156,086 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Service Co. International by 1.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 185,277 shares of the company's stock valued at $14,348,000 after buying an additional 3,375 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Service Co. International by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 920,222 shares of the company's stock worth $73,452,000 after buying an additional 5,074 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Service Co. International during the 4th quarter valued at approximately $3,229,000. Hedge funds and other institutional investors own 85.53% of the company's stock.
About Service Co. International
(
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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.
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