Service Corporation International (SCI) – Investment Analysts’ Recent Ratings Updates

Service Corporation International (NYSE: SCI) has recently received a number of price target changes and ratings updates:

  • 9/19/2017 – Service Corporation International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “
  • 9/12/2017 – Service Corporation International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “
  • 9/9/2017 – Service Corporation International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “
  • 9/1/2017 – Service Corporation International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “
  • 8/31/2017 – Service Corporation International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “
  • 8/25/2017 – Service Corporation International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “
  • 8/24/2017 – Service Corporation International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “
  • 8/19/2017 – Service Corporation International was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/1/2017 – Service Corporation International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “
  • 7/31/2017 – Service Corporation International was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/25/2017 – Service Corporation International was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of Service Corporation International (NYSE:SCI) remained flat at $34.75 during trading on Wednesday. 1,733,763 shares of the company were exchanged. Service Corporation International has a 12-month low of $24.90 and a 12-month high of $35.89. The company has a market cap of $6.51 billion, a P/E ratio of 18.83 and a beta of 0.93. The company has a 50-day moving average price of $35.12 and a 200-day moving average price of $32.83.

Service Corporation International (NYSE:SCI) last announced its earnings results on Wednesday, July 26th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. Service Corporation International had a return on equity of 24.67% and a net margin of 11.59%. The business had revenue of $773.20 million for the quarter, compared to the consensus estimate of $769.57 million. During the same period last year, the business posted $0.28 EPS. The company’s revenue was up 2.9% on a year-over-year basis. On average, equities research analysts anticipate that Service Corporation International will post $1.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.60 annualized dividend and a yield of 1.73%. Service Corporation International’s dividend payout ratio is presently 32.43%.

In other Service Corporation International news, insider Michael R. Webb sold 202,000 shares of Service Corporation International stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $34.70, for a total transaction of $7,009,400.00. Following the sale, the insider now directly owns 622,903 shares in the company, valued at approximately $21,614,734.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eric D. Tanzberger sold 187,100 shares of Service Corporation International stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $34.93, for a total value of $6,535,403.00. Following the sale, the chief financial officer now owns 150,217 shares in the company, valued at $5,247,079.81. The disclosure for this sale can be found here. Insiders have sold a total of 604,800 shares of company stock worth $21,109,153 over the last 90 days. 6.20% of the stock is owned by company insiders.

Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.

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