Service Corporation International (NYSE:SCI) Price Target Cut to $95.00 by Analysts at UBS Group

Service Corporation International (NYSE:SCI) had its target price dropped by stock analysts at UBS Group from $105.00 to $95.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group‘s price objective indicates a potential upside of 24.41% from the stock’s current price.

SCI has been the subject of a number of other reports. Wall Street Zen downgraded Service Corporation International from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings upgraded Service Corporation International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, October 21st. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $95.67.

Service Corporation International Trading Down 0.0%

Shares of Service Corporation International stock opened at $76.36 on Friday. Service Corporation International has a 52-week low of $68.41 and a 52-week high of $90.99. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 3.16. The company’s 50-day simple moving average is $80.00 and its 200-day simple moving average is $79.97. The firm has a market cap of $10.41 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81.

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

Institutional Trading of Service Corporation International

A number of institutional investors have recently added to or reduced their stakes in SCI. Root Financial Partners LLC acquired a new position in Service Corporation International during the third quarter worth about $41,000. GAMMA Investing LLC lifted its position in shares of Service Corporation International by 20.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,204 shares of the company’s stock valued at $244,000 after acquiring an additional 533 shares during the period. Advisors Preferred LLC boosted its stake in shares of Service Corporation International by 81.0% during the 1st quarter. Advisors Preferred LLC now owns 6,579 shares of the company’s stock worth $543,000 after acquiring an additional 2,945 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Service Corporation International by 5.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,527 shares of the company’s stock worth $573,000 after acquiring an additional 361 shares in the last quarter. Finally, CX Institutional grew its holdings in shares of Service Corporation International by 7.3% in the 3rd quarter. CX Institutional now owns 12,345 shares of the company’s stock worth $940,000 after acquiring an additional 838 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

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.