StockNews.com cut shares of Service Co. International (NYSE:SCI - Free Report) from a hold rating to a sell rating in a research note released on Wednesday.
SCI has been the subject of several other reports. Oppenheimer raised their price target on Service Co. International from $86.00 to $92.00 and gave the company an "outperform" rating in a report on Friday, December 13th. 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, Raymond James raised their price target on Service Co. International from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.50.
Check Out Our Latest Stock Analysis on Service Co. International
Service Co. International Stock Performance
NYSE:SCI traded up $0.62 during mid-day trading on Wednesday, reaching $81.10. 1,157,984 shares of the stock were exchanged, compared to its average volume of 1,225,869. Service Co. International has a 1 year low of $67.19 and a 1 year high of $89.37. The company has a 50 day simple moving average of $78.52 and a 200-day simple moving average of $79.86. 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 stock has a market capitalization of $11.70 billion, a P/E ratio of 22.85, a P/E/G ratio of 1.90 and a beta of 0.87.
Service Co. International (NYSE:SCI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 EPS 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%. Analysts anticipate that Service Co. International will post 3.84 earnings per share for the current fiscal year.
Service Co. International Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.32 dividend. This is an increase from Service Co. International's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, March 14th. Service Co. International's dividend payout ratio (DPR) is presently 36.06%.
Hedge Funds Weigh In On Service Co. International
Several hedge funds have recently bought and sold shares of SCI. FMR LLC increased its position in Service Co. International by 300.6% during the third quarter. FMR LLC now owns 4,055,823 shares of the company's stock worth $320,126,000 after buying an additional 3,043,354 shares in the last quarter. Norges Bank purchased a new position in Service Co. International during the fourth quarter worth $96,498,000. Arrowstreet Capital Limited Partnership increased its position in Service Co. International by 237.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 911,294 shares of the company's stock worth $72,739,000 after buying an additional 641,552 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in Service Co. International by 5.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,952,636 shares of the company's stock worth $714,600,000 after buying an additional 492,822 shares in the last quarter. Finally, Millennium Management LLC increased its position in Service Co. International by 19,170.2% during the fourth quarter. Millennium Management LLC now owns 333,157 shares of the company's stock worth $26,593,000 after buying an additional 334,904 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.
Service Co. International Company Profile
(
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.
Recommended Stories
Before you consider Service Co. International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Service Co. International wasn't on the list.
While Service Co. International currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
