JPMorgan Chase & Co. Issues Pessimistic Forecast for Service Corporation International (NYSE:SCI) Stock Price

Service Corporation International (NYSE:SCI) had its target price reduced by research analysts at JPMorgan Chase & Co. from $100.00 to $95.00 in a report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 24.41% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. Weiss Ratings raised shares of Service Corporation International from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 21st. Wall Street Zen cut shares of Service Corporation International from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, UBS Group lowered their price objective on shares of Service Corporation International from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Friday. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Service Corporation International has a consensus rating of “Buy” and an average target price of $95.67.

Service Corporation International Stock Down 0.0%

Shares of NYSE SCI opened at $76.36 on Friday. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.36 and a current ratio of 0.40. Service Corporation International has a 52 week low of $68.41 and a 52 week high of $90.99. The stock has a market capitalization of $10.41 billion, a P/E ratio of 18.95, a PEG ratio of 1.93 and a beta of 0.81. The stock’s fifty day moving average is $80.00 and its 200 day moving average is $79.97.

Service Corporation International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.02). Service Corporation International had a return on equity of 34.96% and a net margin of 12.70%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the company earned $0.87 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. Sell-side analysts forecast that Service Corporation International will post 4.00 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Service Corporation International

Several hedge funds have recently modified their holdings of the company. Root Financial Partners LLC grew its position in Service Corporation International by 35.7% during the 1st quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock worth $50,000 after acquiring an additional 161 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Service Corporation International by 5.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,527 shares of the company’s stock worth $573,000 after purchasing an additional 361 shares in the last quarter. GAMMA Investing LLC raised its position in Service Corporation International by 20.0% in the third quarter. GAMMA Investing LLC now owns 3,204 shares of the company’s stock valued at $244,000 after purchasing an additional 533 shares during the last quarter. CX Institutional raised its position in Service Corporation International by 7.3% in the third quarter. CX Institutional now owns 12,345 shares of the company’s stock valued at $940,000 after purchasing an additional 838 shares during the last quarter. Finally, Peterson Wealth Services raised its position in Service Corporation International by 10.5% in the third quarter. Peterson Wealth Services now owns 17,011 shares of the company’s stock valued at $1,295,000 after purchasing an additional 1,619 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

About Service Corporation International

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.