Analysts Set Service Corporation International (NYSE:SCI) Target Price at $95.00

Service Corporation International (NYSE:SCI) has received a consensus rating of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $95.00.

Several research analysts have recently commented on SCI shares. UBS Group reduced their price target on Service Corporation International from $95.00 to $93.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Weiss Ratings lowered Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Wall Street Zen raised Service Corporation International from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. JPMorgan Chase & Co. reduced their price target on Service Corporation International from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Finally, Oppenheimer boosted their price target on Service Corporation International from $94.00 to $97.00 and gave the stock an “outperform” rating in a research report on Thursday, April 2nd.

Service Corporation International Price Performance

Shares of SCI stock opened at $72.72 on Friday. Service Corporation International has a twelve month low of $68.41 and a twelve month high of $88.67. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 1.66 and a beta of 0.84. The stock has a fifty day simple moving average of $77.34 and a two-hundred day simple moving average of $79.36. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 3.22.

Service Corporation International (NYSE:SCI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.97 EPS 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 return on equity of 34.30% and a net margin of 12.36%.The company’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 earnings per share. Service Corporation International has set its FY 2026 guidance at 4.050-4.350 EPS. On average, analysts predict that Service Corporation International will post 4.14 EPS for the current fiscal year.

Service Corporation International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.44 annualized dividend and a yield of 2.0%. This is an increase from Service Corporation International’s previous quarterly dividend of $0.34. Service Corporation International’s dividend payout ratio is currently 37.99%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SCI. Goldman Sachs Group Inc. increased its position in Service Corporation International by 48.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 417,387 shares of the company’s stock valued at $33,474,000 after buying an additional 136,770 shares in the last quarter. Marshall Wace LLP increased its position in Service Corporation International by 31.8% during the 3rd quarter. Marshall Wace LLP now owns 549,162 shares of the company’s stock valued at $45,701,000 after buying an additional 132,591 shares in the last quarter. Turtle Creek Asset Management Inc. increased its position in Service Corporation International by 12.0% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,161,496 shares of the company’s stock valued at $95,835,000 after buying an additional 124,151 shares in the last quarter. 8 Knots Management LLC acquired a new position in Service Corporation International during the 3rd quarter valued at about $6,996,000. Finally, Aureus Asset Management LLC grew its stake in Service Corporation International by 196.8% during the 1st 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 during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

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.