Service Co. International (NYSE:SCI) Price Target Increased to $79.00 by Analysts at Oppenheimer

Service Co. International (NYSE:SCIGet Free Report) had its price target lifted by research analysts at Oppenheimer from $76.00 to $79.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price objective would indicate a potential upside of 11.52% from the company’s current price.

Separately, UBS Group boosted their target price on shares of Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $76.80.

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Service Co. International Stock Up 1.1 %

Shares of SCI traded up $0.74 during midday trading on Wednesday, reaching $70.84. 185,663 shares of the stock were exchanged, compared to its average volume of 843,710. The company has a market cap of $10.32 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 1.88 and a beta of 0.81. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 2.90. Service Co. International has a 12-month low of $52.89 and a 12-month high of $75.97. The firm has a 50 day simple moving average of $71.23 and a 200-day simple moving average of $68.59.

Service Co. International (NYSE:SCIGet Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.85 by $0.04. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts forecast that Service Co. International will post 3.66 EPS for the current year.

Insider Buying and Selling at Service Co. International

In other news, Director Victor L. Lund sold 7,606 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $70.00, for a total value of $532,420.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Victor L. Lund sold 7,606 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $70.00, for a total transaction of $532,420.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Victor L. Lund sold 1,011 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $70.00, for a total value of $70,770.00. Following the completion of the sale, the director now directly owns 7,606 shares in the company, valued at approximately $532,420. The disclosure for this sale can be found here. Insiders sold a total of 211,292 shares of company stock valued at $15,670,096 in the last quarter. Corporate insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Service Co. International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Swedbank AB bought a new stake in Service Co. International during the 1st quarter worth approximately $224,137,000. Handelsbanken Fonder AB grew its holdings in shares of Service Co. International by 0.5% during the fourth quarter. Handelsbanken Fonder AB now owns 1,920,710 shares of the company’s stock worth $131,473,000 after purchasing an additional 10,000 shares during the last quarter. Coho Partners Ltd. increased its stake in shares of Service Co. International by 10.6% in the first quarter. Coho Partners Ltd. now owns 1,685,111 shares of the company’s stock valued at $125,052,000 after buying an additional 161,570 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Service Co. International by 2.4% in the third quarter. Northern Trust Corp now owns 1,447,701 shares of the company’s stock valued at $82,722,000 after buying an additional 34,596 shares during the last quarter. Finally, Norges Bank acquired a new position in Service Co. International during the 4th quarter worth about $92,331,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

About Service Co. International

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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.

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