Service Corporation International (NYSE:SCI) Receives "Outperform" Rating from Raymond James Financial

Key Points

• Raymond James Financial has reiterated an "outperform" rating on Service Corporation International (NYSE:SCI) and raised its price target to $90.00, suggesting a potential upside of 13.76% from the current stock price.
• UBS Group has lowered its price target from $90.00 to $88.00, maintaining a "buy" rating, while the company's consensus rating remains a "Moderate Buy" with a target price of $90.50.
• Service Corporation International reported a quarterly EPS of $0.88, exceeding estimates, and recorded a 3.0% increase in revenue year-over-year, totaling $1.07 billion.

Service Corporation International (NYSE:SCI - Get Free Report)'s stock had its "outperform" rating reiterated by investment analysts at Raymond James Financial in a research note issued on Monday,Benzinga reports. They currently have a $90.00 price target on the stock, up from their previous price target of $85.00. Raymond James Financial's price target would suggest a potential upside of 13.76% from the company's previous close.

Separately, UBS Group lowered their price target on Service Corporation International from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.50.

Service Corporation International Stock Performance

NYSE SCI traded up $1.28 on Monday, hitting $79.11. The stock had a trading volume of 95,181 shares, compared to its average volume of 1,178,977. The company's 50-day moving average is $79.02 and its two-hundred day moving average is $78.49. Service Corporation International has a one year low of $70.46 and a one year high of $89.37. The stock has a market cap of $11.26 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 1.90 and a beta of 0.90. 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 (NYSE:SCI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.04. Service Corporation International had a return on equity of 32.84% and a net margin of 12.60%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm posted $0.79 earnings per share. The business's revenue was up 3.0% on a year-over-year basis. On average, analysts expect that Service Corporation International will post 3.84 earnings per share for the current year.

Insider Activity

In other news, Director Tony Coelho sold 5,400 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $75.94, for a total value of $410,076.00. Following the sale, the director owned 43,938 shares of the company's stock, valued at approximately $3,336,651.72. The trade was a 10.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.40% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SCI. T. Rowe Price Investment Management Inc. lifted its holdings in Service Corporation International by 5.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,952,636 shares of the company's stock valued at $714,600,000 after acquiring an additional 492,822 shares during the last quarter. FMR LLC lifted its stake in Service Corporation International by 70.2% during the fourth quarter. FMR LLC now owns 6,901,982 shares of the company's stock valued at $550,916,000 after purchasing an additional 2,846,159 shares during the last quarter. Northern Trust Corp lifted its stake in Service Corporation International by 24.9% during the fourth quarter. Northern Trust Corp now owns 1,650,384 shares of the company's stock valued at $131,734,000 after purchasing an additional 328,686 shares during the last quarter. Deutsche Bank AG boosted its holdings in Service Corporation International by 0.9% during the first quarter. Deutsche Bank AG now owns 1,024,608 shares of the company's stock worth $82,174,000 after buying an additional 9,342 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Service Corporation International by 1.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 931,194 shares of the company's stock worth $74,682,000 after buying an additional 10,972 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.