Service Corporation International (NYSE:SCI) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Key Points

• JPMorgan lowered Service Corporation International’s price target from $100 to $95 while maintaining an “overweight” rating, implying approximately 24.4% upside from the stock’s $76.36 opening price.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and average target price of $95.67, although UBS also reduced its target to $95 and Wall Street Zen downgraded the stock to “sell.”
• SCI slightly missed quarterly EPS estimates, reporting $0.97 versus $0.99 expected, but revenue rose 4.6% year over year to $1.11 billion; institutional investors own 85.53% of the company.

Service Corporation International (NYSE:SCI - Get Free Report) had its price target decreased by stock analysts at JPMorgan Chase & Co. from $100.00 to $95.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 24.41% from the stock's current price.

A number of other equities analysts have also recently weighed in on the stock. Weiss Ratings raised shares of Service Corporation International from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, October 21st. UBS Group lowered their price objective on shares of Service Corporation International from $105.00 to $95.00 and set a "buy" rating for the company in a research report on Friday. Finally, Wall Street Zen downgraded Service Corporation International from a "hold" rating to a "sell" rating in a research note on Saturday. Four analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $95.67.

Service Corporation International Stock Performance

Shares of NYSE:SCI opened at $76.36 on Friday. The company has a market capitalization of $10.41 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 1.93 and a beta of 0.81. The firm's 50 day simple moving average is $80.00 and its 200 day simple moving average is $79.97. The company has a debt-to-equity ratio of 3.16, a current ratio of 0.40 and a quick ratio of 0.36. Service Corporation International has a fifty-two week low of $68.41 and a fifty-two week high of $90.99.

Service Corporation International (NYSE:SCI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.02). The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. Service Corporation International had a net margin of 12.70% and a return on equity of 34.96%. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS. As a group, sell-side analysts forecast that Service Corporation International will post 4.00 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Peterson Wealth Services raised its holdings in shares of Service Corporation International by 10.5% during the third quarter. Peterson Wealth Services now owns 17,011 shares of the company's stock worth $1,295,000 after acquiring an additional 1,619 shares during the period. Root Financial Partners LLC acquired a new position in Service Corporation International in the 3rd quarter worth $41,000. GAMMA Investing LLC increased its holdings in Service Corporation International by 20.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,204 shares of the company's stock worth $244,000 after purchasing an additional 533 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Service Corporation International by 5.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,527 shares of the company's stock worth $573,000 after purchasing an additional 361 shares in the last quarter. Finally, CX Institutional increased its holdings in Service Corporation International by 7.3% during the 3rd quarter. CX Institutional now owns 12,345 shares of the company's stock worth $940,000 after purchasing an additional 838 shares in the last quarter. Institutional investors own 85.53% of the company's stock.

Service Corporation International Company Profile

Service Corporation International NYSE: SCI is a Houston-based provider of funeral, cremation and cemetery services. The company operates funeral homes, cemeteries and cremation facilities, offering arrangements for traditional funerals, memorial services and cremations, as well as cemetery property, burial services and related merchandise.

SCI serves families primarily in the United States and Canada through a network of locations and a portfolio of brands that includes Dignity Memorial, Funeraria del Angel and Neptune Society.

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