Oppenheimer Increases Service Co. International (NYSE:SCI) Price Target to $92.00

Service Co. International (NYSE:SCI - Free Report) had its price objective boosted by Oppenheimer from $86.00 to $92.00 in a research note issued to investors on Friday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

SCI has been the subject of several other research reports. Raymond James lifted their price objective on shares of Service Co. International from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Truist Financial raised their price target on Service Co. International from $84.00 to $92.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, StockNews.com raised shares of Service Co. International from a "sell" rating to a "hold" rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $88.50.

Service Co. International Stock Down 0.1 %

Shares of NYSE:SCI traded down $0.08 during mid-day trading on Friday, hitting $85.85. 702,132 shares of the company traded hands, compared to its average volume of 902,652. Service Co. International has a 52-week low of $64.10 and a 52-week high of $89.37. The firm has a market cap of $12.42 billion, a P/E ratio of 25.06, a PEG ratio of 2.51 and a beta of 0.85. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52. The firm's 50 day simple moving average is $82.12 and its 200 day simple moving average is $77.40.

Service Co. International (NYSE:SCI - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same period last year, the firm earned $0.78 EPS. The firm's revenue was up 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.44%. This is a positive change from Service Co. International's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, December 13th. Service Co. International's dividend payout ratio (DPR) is currently 34.88%.

Insider Buying and Selling at Service Co. International

In other news, VP Elisabeth G. Nash sold 56,100 shares of Service Co. International stock in a transaction on Monday, November 18th. The shares were sold at an average price of $86.13, for a total value of $4,831,893.00. Following the completion of the sale, the vice president now owns 109,260 shares in the company, valued at $9,410,563.80. The trade was a 33.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tony Coelho sold 2,555 shares of Service Co. International 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 of the company's stock, valued at approximately $4,566,667.36. The trade was a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,655 shares of company stock valued at $9,356,203 in the last ninety days. 5.10% of the stock is currently owned by company insiders.

Institutional Trading of Service Co. International

A number of hedge funds have recently made changes to their positions in SCI. nVerses Capital LLC boosted its stake in Service Co. International by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company's stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Blue Trust Inc. boosted its stake in Service Co. International by 121.9% during the second quarter. Blue Trust Inc. now owns 708 shares of the company's stock worth $53,000 after buying an additional 389 shares during the period. Quarry LP boosted its holdings in Service Co. International by 258.6% during the 2nd quarter. Quarry LP now owns 789 shares of the company's stock valued at $56,000 after acquiring an additional 569 shares during the period. Waldron Private Wealth LLC purchased a new position in Service Co. International during the 3rd quarter worth $57,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Service Co. International by 36.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company's stock valued at $73,000 after acquiring an additional 249 shares during the period. 85.53% of the stock is owned by institutional investors.

About Service Co. International

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.