Shares of Service Co. International (NYSE:SCI - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $75.99, but opened at $82.00. Service Co. International shares last traded at $83.15, with a volume of 357,511 shares.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Truist Financial upped their price objective 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. StockNews.com lowered shares of Service Co. International from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. 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 report on Friday, December 13th. Finally, Raymond James lifted their price target on Service Co. International from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $88.50.
Check Out Our Latest Research Report on Service Co. International
Service Co. International Stock Performance
The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91. The firm has a market capitalization of $11.15 billion, a PE ratio of 22.42, a PEG ratio of 2.01 and a beta of 0.87. The company has a 50-day moving average of $79.57 and a 200 day moving average of $79.55.
Service Co. International (NYSE:SCI - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, meeting analysts' consensus estimates of $1.06. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. Equities research analysts predict that Service Co. International will post 3.51 EPS for the current year.
Insider Activity
In related news, Director Tony Coelho sold 2,555 shares of the company's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total transaction of $218,810.20. Following the completion of the sale, the director now directly owns 53,324 shares in the company, valued at $4,566,667.36. This represents a 4.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $86.11, for a total transaction of $4,305,500.00. Following the sale, the chief executive officer now owns 982,333 shares of the company's stock, valued at approximately $84,588,694.63. This represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new stake in Service Co. International during the 4th quarter valued at approximately $25,000. Quarry LP lifted its holdings in shares of Service Co. International by 359.8% during the fourth quarter. Quarry LP now owns 469 shares of the company's stock valued at $37,000 after purchasing an additional 367 shares in the last quarter. Mizuho Bank Ltd. purchased a new stake in shares of Service Co. International during the 4th quarter valued at about $40,000. Resona Asset Management Co. Ltd. bought a new stake in Service Co. International in the 4th quarter worth approximately $40,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Service Co. International in the fourth quarter worth $52,000. 85.53% of the stock is owned by hedge funds and other institutional investors.
About Service Co. International
(
Get Free Report)
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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