Service Co. International (SCI) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Service Co. International (NYSE:SCI) have earned an average recommendation of “Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $44.50.

Several equities analysts recently issued reports on SCI shares. Bank of America lifted their price objective on shares of Service Co. International from $46.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Deutsche Bank lifted their price objective on shares of Service Co. International from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Zacks Investment Research raised shares of Service Co. International from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, April 18th. ValuEngine raised shares of Service Co. International from a “hold” rating to a “buy” rating in a report on Friday, April 6th. Finally, Credit Suisse Group lifted their price objective on shares of Service Co. International from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, February 5th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Candriam Luxembourg S.C.A. grew its holdings in Service Co. International by 16.9% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 374,245 shares of the company’s stock worth $13,979,000 after purchasing an additional 54,055 shares during the last quarter. Bank of Montreal Can grew its holdings in Service Co. International by 170.4% in the fourth quarter. Bank of Montreal Can now owns 28,224 shares of the company’s stock worth $1,053,000 after purchasing an additional 17,787 shares during the last quarter. Polaris Greystone Financial Group LLC grew its holdings in Service Co. International by 8.7% in the fourth quarter. Polaris Greystone Financial Group LLC now owns 260,211 shares of the company’s stock worth $9,711,000 after purchasing an additional 20,800 shares during the last quarter. California Public Employees Retirement System grew its holdings in Service Co. International by 1.7% in the fourth quarter. California Public Employees Retirement System now owns 407,106 shares of the company’s stock worth $15,193,000 after purchasing an additional 6,902 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its holdings in Service Co. International by 118,665.1% in the fourth quarter. Contravisory Investment Management Inc. now owns 98,575 shares of the company’s stock worth $3,679,000 after purchasing an additional 98,492 shares during the last quarter. 86.13% of the stock is currently owned by institutional investors and hedge funds.

Service Co. International traded up $0.32, hitting $37.85, during trading on Monday, MarketBeat Ratings reports. 662,800 shares of the company’s stock traded hands, compared to its average volume of 1,141,041. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 1.71 and a beta of 0.94. The company has a quick ratio of 0.55, a current ratio of 0.59 and a debt-to-equity ratio of 2.19. Service Co. International has a 1 year low of $31.52 and a 1 year high of $40.28.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, April 25th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.04. The company had revenue of $794.50 million for the quarter, compared to analyst estimates of $806.09 million. Service Co. International had a net margin of 14.59% and a return on equity of 23.42%. Service Co. International’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.38 earnings per share. analysts anticipate that Service Co. International will post 1.82 EPS for the current fiscal year.

Service Co. International declared that its board has initiated a stock buyback program on Tuesday, February 13th that permits the company to repurchase $298.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.80%. The ex-dividend date is Thursday, June 14th. Service Co. International’s dividend payout ratio is currently 43.87%.

About Service Co. International

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

Analyst Recommendations for Service Co. International (NYSE:SCI)

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