Service Corporation International (NYSE:SCI) Given New $95.00 Price Target at UBS Group

Key Points

• UBS Group has increased the price target for **Service Corporation International (SCI)** from **$88.00 to $95.00**, indicating a potential upside of **15.48%** based on the stock's previous close.
• Service Corporation International's latest quarterly earnings exceeded analyst expectations, with reported **$0.88 EPS** against a consensus estimate of **$0.84**, and revenue of **$1.07 billion** compared to predictions of **$1.05 billion**.
• The stock currently holds a consensus rating of "**Moderate Buy**" with an average price target of **$92.00**, reflecting positive sentiment among multiple analysts following recent evaluations.

Service Corporation International (NYSE:SCI - Get Free Report) had its target price lifted by investment analysts at UBS Group from $88.00 to $95.00 in a report issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's price target points to a potential upside of 15.48% from the stock's previous close.

A number of other analysts have also recently weighed in on SCI. Weiss Ratings reiterated a "hold (c+)" rating on shares of Service Corporation International in a research report on Wednesday, October 8th. Raymond James Financial reaffirmed an "outperform" rating and issued a $90.00 price objective (up previously from $85.00) on shares of Service Corporation International in a research note on Monday, August 4th. Finally, Oppenheimer boosted their price target on Service Corporation International from $86.00 to $91.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $92.00.

Service Corporation International Trading Up 1.8%

Shares of NYSE SCI traded up $1.44 during midday trading on Monday, hitting $82.27. The stock had a trading volume of 128,787 shares, compared to its average volume of 1,123,635. The company has a market capitalization of $11.54 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 1.96 and a beta of 0.89. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 3.19. Service Corporation International has a 1-year low of $71.75 and a 1-year high of $89.37. The company has a fifty day moving average price of $80.53 and a 200 day moving average price of $79.07.

Service Corporation International (NYSE:SCI - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.04. Service Corporation International had a net margin of 12.60% and a return on equity of 32.84%. The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.05 billion. During the same period in the previous year, the company posted $0.79 earnings per share. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. On average, analysts predict that Service Corporation International will post 3.84 earnings per share for the current year.

Insider Transactions at Service Corporation International

In other Service Corporation International news, Director Tony Coelho sold 7,850 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $80.60, for a total value of $632,710.00. Following the transaction, the director directly owned 36,088 shares in the company, valued at $2,908,692.80. This represents a 17.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ellen Ochoa sold 2,514 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $79.41, for a total transaction of $199,636.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 252,082 shares of company stock valued at $20,117,233. 4.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Service Corporation International

Several institutional investors and hedge funds have recently bought and sold shares of SCI. Assetmark Inc. lifted its position in Service Corporation International by 225.9% during the first quarter. Assetmark Inc. now owns 352 shares of the company's stock valued at $28,000 after buying an additional 244 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Service Corporation International during the second quarter valued at about $34,000. IFP Advisors Inc grew its holdings in shares of Service Corporation International by 87.2% in the first quarter. IFP Advisors Inc now owns 700 shares of the company's stock valued at $60,000 after purchasing an additional 326 shares in the last quarter. Whipplewood Advisors LLC grew its position in Service Corporation International by 60.1% in the second quarter. Whipplewood Advisors LLC now owns 743 shares of the company's stock worth $60,000 after acquiring an additional 279 shares in the last quarter. Finally, State of Wyoming purchased a new position in Service Corporation International during the first quarter worth $63,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

About Service Corporation International

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.

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