Service Co. International (NYSE:SCI) Upgraded at StockNews.com

StockNews.com upgraded shares of Service Co. International (NYSE:SCI) from a sell rating to a hold rating in a report issued on Tuesday.

A number of other equities analysts also recently issued reports on SCI. Truist Financial raised their price objective on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Raymond James raised their price objective on shares of Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Oppenheimer upped their target price on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Service Co. International currently has an average rating of “Moderate Buy” and an average price target of $88.50.

Service Co. International Trading Down 0.3 %

Shares of Service Co. International stock opened at $78.69 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83. The company has a market capitalization of $11.35 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.88 and a beta of 0.87. The firm’s 50-day moving average price is $78.93 and its two-hundred day moving average price is $79.59. Service Co. International has a 12-month low of $67.19 and a 12-month high of $89.37.

Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. On average, analysts forecast that Service Co. International will post 3.85 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.63%. This is a boost from Service Co. International’s previous quarterly dividend of $0.31. Service Co. International’s payout ratio is presently 33.80%.

Institutional Trading of Service Co. International

A number of large investors have recently modified their holdings of SCI. Mackenzie Financial Corp bought a new stake in Service Co. International during the fourth quarter valued at approximately $1,212,000. GTS Securities LLC purchased a new stake in shares of Service Co. International during the 4th quarter valued at $273,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Service Co. International by 2.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 628,011 shares of the company’s stock worth $50,128,000 after acquiring an additional 15,945 shares during the last quarter. Twinbeech Capital LP purchased a new position in Service Co. International in the fourth quarter worth $5,775,000. Finally, Two Sigma Advisers LP bought a new position in Service Co. International in the fourth quarter valued at $335,000. Institutional investors own 85.53% of the company’s stock.

About Service Co. 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.