Service Corporation International (NYSE:SCI) Receives $95.00 Consensus Target Price from Analysts

Shares of Service Corporation International (NYSE:SCI) have been assigned an average rating of “Buy” from the five ratings firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $95.00.

SCI has been the topic of several recent research reports. Oppenheimer raised their target price on shares of Service Corporation International from $94.00 to $97.00 and gave the stock an “outperform” rating in a report on Thursday, April 2nd. Wall Street Zen cut shares of Service Corporation International from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. JPMorgan Chase & Co. lowered their target price on shares of Service Corporation International from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. UBS Group lowered their target price on shares of Service Corporation International from $95.00 to $93.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Finally, Weiss Ratings cut shares of Service Corporation International from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 8th.

Service Corporation International Stock Up 0.1%

Service Corporation International stock opened at $75.23 on Monday. The stock has a market cap of $10.38 billion, a P/E ratio of 19.85, a P/E/G ratio of 1.69 and a beta of 0.84. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 3.22. Service Corporation International has a twelve month low of $74.99 and a twelve month high of $88.67. The company’s 50-day moving average price is $80.57 and its two-hundred day moving average price is $80.17.

Service Corporation International (NYSE:SCI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.03). The company had revenue of $544.80 million during the quarter, compared to the consensus estimate of $1.09 billion. Service Corporation International had a net margin of 12.36% and a return on equity of 34.30%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 earnings per share. Service Corporation International has set its FY 2026 guidance at 4.050-4.350 EPS. As a group, analysts expect that Service Corporation International will post 4.14 EPS for the current year.

Service Corporation International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.36 per share. This is a boost from Service Corporation International’s previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 15th. Service Corporation International’s payout ratio is 35.88%.

Insider Activity at Service Corporation International

In other news, Director Tony Coelho sold 7,700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $79.87, for a total transaction of $614,999.00. Following the transaction, the director directly owned 28,388 shares of the company’s stock, valued at approximately $2,267,349.56. This trade represents a 21.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SCI. Goldman Sachs Group Inc. increased its holdings in shares of Service Corporation International by 48.7% during the first quarter. Goldman Sachs Group Inc. now owns 417,387 shares of the company’s stock worth $33,474,000 after purchasing an additional 136,770 shares during the period. Marshall Wace LLP increased its stake in Service Corporation International by 31.8% in the third quarter. Marshall Wace LLP now owns 549,162 shares of the company’s stock valued at $45,701,000 after acquiring an additional 132,591 shares during the last quarter. Turtle Creek Asset Management Inc. increased its stake in Service Corporation International by 12.0% in the first quarter. Turtle Creek Asset Management Inc. now owns 1,161,496 shares of the company’s stock valued at $95,835,000 after acquiring an additional 124,151 shares during the last quarter. 8 Knots Management LLC bought a new position in Service Corporation International in the third quarter valued at approximately $6,996,000. Finally, Aureus Asset Management LLC increased its stake in 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 acquiring an additional 74,387 shares during the last quarter. 85.53% of the stock is owned by institutional investors.

Service Corporation International Company Profile

Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.