Service Co. International (NYSE:SCI - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a report issued on Monday.
Several other equities analysts have also issued reports on the stock. Truist Financial boosted their price target on shares of Service Co. International from $84.00 to $92.00 and gave the company a "buy" rating in a report on Friday, November 1st. Oppenheimer upped their target price on shares of Service Co. International from $86.00 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Finally, Raymond James upped their target price on shares of Service Co. International from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.50.
Check Out Our Latest Report on Service Co. International
Service Co. International Trading Down 5.3 %
Shares of Service Co. International stock traded down $4.36 on Monday, hitting $77.13. 1,749,455 shares of the company's stock traded hands, compared to its average volume of 1,203,392. The firm's 50-day moving average price is $79.87 and its two-hundred day moving average price is $79.55. The stock has a market capitalization of $11.15 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87. Service Co. International has a one year low of $67.19 and a one year high of $89.37. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48.
Service Co. International (NYSE:SCI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. On average, research analysts expect that Service Co. International will post 3.51 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Director Tony Coelho sold 2,555 shares of the stock in a transaction dated 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 transaction, 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 at the SEC website. Also, VP Elisabeth G. Nash sold 56,100 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the transaction, the vice president now owns 109,260 shares of the company's stock, valued at approximately $9,410,563.80. This represents a 33.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,655 shares of company stock valued at $9,356,203. Company insiders own 5.10% of the company's stock.
Institutional Investors Weigh In On Service Co. International
A number of institutional investors and hedge funds have recently modified their holdings of SCI. FMR LLC raised its holdings in shares of Service Co. International by 300.6% in the 3rd quarter. FMR LLC now owns 4,055,823 shares of the company's stock valued at $320,126,000 after purchasing an additional 3,043,354 shares during the period. Norges Bank bought a new stake in shares of Service Co. International in the 4th quarter valued at about $96,498,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Service Co. International by 237.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 911,294 shares of the company's stock valued at $72,739,000 after purchasing an additional 641,552 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Service Co. International by 5.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,952,636 shares of the company's stock valued at $714,600,000 after purchasing an additional 492,822 shares during the period. Finally, Proficio Capital Partners LLC raised its holdings in shares of Service Co. International by 8,471.3% in the 4th quarter. Proficio Capital Partners LLC now owns 297,253 shares of the company's stock valued at $23,727,000 after purchasing an additional 293,785 shares during the period. 85.53% of the stock is owned by institutional investors.
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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