Service Corporation International (NYSE:SCI - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday, Wall Street Zen reports.
Other analysts also recently issued research reports about the stock. UBS Group raised their price target on shares of Service Corporation International from $93.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Weiss Ratings reiterated a "hold (c+)" rating on shares of Service Corporation International in a report on Monday, August 31st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.67.
Get Our Latest Research Report on SCI
Service Corporation International Stock Up 3.2%
NYSE SCI opened at $82.25 on Friday. Service Corporation International has a 52 week low of $68.41 and a 52 week high of $90.99. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 3.32. The business's fifty day simple moving average is $81.91 and its 200-day simple moving average is $79.90. The firm has a market cap of $11.21 billion, a PE ratio of 21.48, a P/E/G ratio of 1.77 and a beta of 0.80.
Service Corporation International (NYSE:SCI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. Service Corporation International had a net margin of 12.30% and a return on equity of 34.38%. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the previous year, the company posted $0.88 EPS. The company's revenue was up 3.6% compared to the same quarter last year. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. As a group, equities analysts anticipate that Service Corporation International will post 4.18 earnings per share for the current year.
Insider Activity
In related news, CEO Thomas Ryan sold 253,391 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $85.25, for a total transaction of $21,601,582.75. Following the transaction, the chief executive officer owned 1,006,212 shares of the company's stock, valued at approximately $85,779,573. This represents a 20.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.40% of the company's stock.
Institutional Trading of Service Corporation International
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sunbelt Securities Inc. acquired a new stake in shares of Service Corporation International during the third quarter worth about $42,000. Root Financial Partners LLC grew its holdings in shares of Service Corporation International by 35.7% in the first quarter. Root Financial Partners LLC now owns 612 shares of the company's stock valued at $50,000 after purchasing an additional 161 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Service Corporation International in the fourth quarter valued at approximately $54,000. Danske Bank A S purchased a new stake in Service Corporation International during the 3rd quarter worth approximately $83,000. Finally, Toronto Dominion Bank purchased a new stake in Service Corporation International during the 4th quarter worth approximately $238,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.
Service Corporation International Company Profile
(
Get Free Report)
Service Corporation International NYSE: SCI is a provider of funeral, cremation and cemetery services in North America. The company operates funeral homes, cemeteries and crematoria, serving families through arrangements for traditional funerals, memorial services, cremations and related end-of-life needs.
SCI offers funeral and cemetery merchandise, burial and cremation property, memorialization products and other services. It also provides preneed arrangements, allowing customers to plan and fund funeral or cemetery services in advance.
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