Service Corporation International (NYSE:SCI) Price Target Cut to $95.00 by Analysts at JPMorgan Chase & Co.

Service Corporation International (NYSE:SCI) had its price objective lowered by JPMorgan Chase & Co. from $100.00 to $95.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Service Corporation International from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings raised shares of Service Corporation International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, October 21st. Finally, UBS Group decreased their price target on shares of Service Corporation International from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $95.67.

Service Corporation International Stock Performance

Service Corporation International stock opened at $76.36 on Friday. The company has a market cap of $10.41 billion, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81. Service Corporation International has a fifty-two week low of $68.41 and a fifty-two week high of $90.99. 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 firm’s 50 day simple moving average is $80.00 and its 200-day simple moving average is $79.97.

Service Corporation International (NYSE:SCI) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.02). Service Corporation International had a net margin of 12.70% and a return on equity of 34.96%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business earned $0.87 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, equities research analysts predict that Service Corporation International will post 4.00 EPS for the current year.

Service Corporation International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.44 annualized dividend and a yield of 1.9%. Service Corporation International’s dividend payout ratio (DPR) is 35.73%.

Institutional Trading of Service Corporation International

Institutional investors have recently modified their holdings of the business. Turtle Creek Asset Management Inc. boosted its holdings in Service Corporation International by 12.0% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,161,496 shares of the company’s stock worth $95,835,000 after buying an additional 124,151 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Service Corporation International during the second quarter worth $80,965,000. Handelsbanken Fonder AB lifted its position in shares of Service Corporation International by 3.8% during the second quarter. Handelsbanken Fonder AB now owns 881,985 shares of the company’s stock worth $66,996,000 after acquiring an additional 32,137 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Service Corporation International by 18.3% in the first quarter. California State Teachers Retirement System now owns 164,939 shares of the company’s stock worth $13,609,000 after acquiring an additional 25,524 shares during the period. Finally, Aureus Asset Management LLC grew its position in shares of Service Corporation International by 196.8% in the first quarter. Aureus Asset Management LLC now owns 112,192 shares of the company’s stock valued at $9,257,000 after purchasing an additional 74,387 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Service Corporation International Company Profile

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.