UBS Group Has Lowered Expectations for Service Corporation International (NYSE:SCI) Stock Price

Key Points

• UBS Group lowered its price target for Service Corporation International from $105 to $95 but maintained a “buy” rating, implying 24.41% upside from the prior close. The analyst consensus remains “Buy,” with an average target of $95.67.
• SCI reported quarterly EPS of $0.97, slightly below the $0.99 estimate, while revenue of $1.11 billion exceeded expectations and increased 4.6% year over year.
• Institutional investors own approximately 85.53% of SCI’s outstanding shares, with several firms recently increasing their positions.

Service Corporation International (NYSE:SCI - Get Free Report) had its price objective decreased by UBS Group from $105.00 to $95.00 in a report released on Friday, Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price objective would indicate a potential upside of 24.41% from the stock's previous close.

Several other research analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Service Corporation International from a "hold" rating to a "sell" rating in a report on Saturday. Weiss Ratings upgraded shares of Service Corporation International from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, October 21st. Four research analysts have rated the stock with a Buy rating. According to MarketBeat, Service Corporation International has a consensus rating of "Buy" and an average price target of $95.67.

Service Corporation International Stock Down 0.0%

Service Corporation International stock opened at $76.36 on Friday. The stock has a market cap of $10.41 billion, a PE ratio of 18.95, a P/E/G ratio of 1.93 and a beta of 0.81. The company has a debt-to-equity ratio of 3.16, a current ratio of 0.40 and a quick ratio of 0.36. The stock's fifty day moving average is $80.00 and its two-hundred day moving average is $79.97. Service Corporation International has a 1-year low of $68.41 and a 1-year high of $90.99.

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

Institutional Trading of Service Corporation International

Several institutional investors and hedge funds have recently bought and sold shares of SCI. Root Financial Partners LLC acquired a new stake in shares of Service Corporation International during the third quarter worth about $41,000. GAMMA Investing LLC grew its stake in shares of Service Corporation International by 20.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,204 shares of the company's stock valued at $244,000 after purchasing an additional 533 shares during the last quarter. Advisors Preferred LLC increased its holdings in shares of Service Corporation International by 81.0% in the first quarter. Advisors Preferred LLC now owns 6,579 shares of the company's stock valued at $543,000 after purchasing an additional 2,945 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Service Corporation International by 5.0% in the third quarter. Farther Finance Advisors LLC now owns 7,527 shares of the company's stock valued at $573,000 after purchasing an additional 361 shares during the period. Finally, CX Institutional increased its holdings in shares of Service Corporation International by 7.3% in the third quarter. CX Institutional now owns 12,345 shares of the company's stock valued at $940,000 after purchasing an additional 838 shares during the period. Hedge funds and other institutional investors own 85.53% of the company's stock.

About Service Corporation International

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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