Oppenheimer Increases Service Corporation International (NYSE:SCI) Price Target to $91.00

Service Corporation International (NYSE:SCIGet Free Report) had its price objective increased by research analysts at Oppenheimer from $86.00 to $91.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price target would indicate a potential upside of 11.70% from the company’s previous close.

A number of other brokerages have also recently weighed in on SCI. Raymond James Financial reaffirmed an “outperform” rating and set a $90.00 price target (up from $85.00) on shares of Service Corporation International in a research report on Monday, August 4th. UBS Group decreased their price target on shares of Service Corporation International from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $90.25.

Read Our Latest Stock Report on Service Corporation International

Service Corporation International Stock Up 0.3%

Shares of NYSE SCI opened at $81.4650 on Thursday. Service Corporation International has a 52-week low of $71.75 and a 52-week high of $89.37. The firm has a fifty day moving average of $79.63 and a 200-day moving average of $78.70. The stock has a market capitalization of $11.42 billion, a PE ratio of 22.08, a P/E/G ratio of 1.97 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:SCIGet Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. Service Corporation International had a net margin of 12.60% and a return on equity of 32.84%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the company earned $0.79 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. On average, analysts anticipate that Service Corporation International will post 3.84 EPS for the current year.

Insider Transactions at Service Corporation International

In related news, Director Tony Coelho sold 7,850 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $80.60, for a total value of $632,710.00. Following the transaction, the director owned 36,088 shares in the company, valued at approximately $2,908,692.80. The trade was a 17.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Thomas L. Ryan sold 150,000 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $80.49, for a total value of $12,073,500.00. Following the completion of the transaction, the chief executive officer owned 982,333 shares in the company, valued at approximately $79,067,983.17. This trade represents a 13.25% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 213,950 shares of company stock valued at $17,001,787. 4.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Assetmark Inc. lifted its stake in shares of Service Corporation International by 225.9% in the first quarter. Assetmark Inc. now owns 352 shares of the company’s stock worth $28,000 after acquiring an additional 244 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Service Corporation International in the second quarter worth about $34,000. Quarry LP lifted its stake in shares of Service Corporation International by 359.8% in the fourth quarter. Quarry LP now owns 469 shares of the company’s stock worth $37,000 after acquiring an additional 367 shares in the last quarter. GeoWealth Management LLC acquired a new position in shares of Service Corporation International in the fourth quarter worth about $53,000. Finally, IFP Advisors Inc lifted its stake in shares of Service Corporation International by 87.2% in the first quarter. IFP Advisors Inc now owns 700 shares of the company’s stock worth $60,000 after acquiring an additional 326 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

About Service Corporation International

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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.

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