Service Corporation International (NYSE:SCI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Service Corporation International (NYSE:SCI) from a sell rating to a hold rating in a research note published on Saturday.

A number of other equities research analysts have also recently issued reports on the company. Weiss Ratings cut Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. cut their target price on shares of 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, UBS Group lifted their target price on shares of Service Corporation International from $93.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $100.67.

Service Corporation International Stock Performance

NYSE:SCI opened at $85.84 on Friday. The company has a market capitalization of $11.84 billion, a P/E ratio of 22.41, a P/E/G ratio of 1.91 and a beta of 0.81. The business has a fifty day simple moving average of $76.72 and a two-hundred day simple moving average of $79.57. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.53 and a quick ratio of 0.49. Service Corporation International has a 1 year low of $68.41 and a 1 year high of $90.99.

Service Corporation International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Service Corporation International had a return on equity of 34.38% and a net margin of 12.30%.The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 EPS. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. On average, analysts expect that Service Corporation International will post 4.2 earnings per share for the current year.

Service Corporation International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.7%. This is a boost from Service Corporation International’s previous quarterly dividend of $0.34. The ex-dividend date was Monday, June 15th. Service Corporation International’s dividend payout ratio (DPR) is presently 37.60%.

Institutional Trading of Service Corporation International

A number of institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC bought a new position in Service Corporation International in the 4th quarter worth about $435,000. Royal Bank of Canada grew its holdings in Service Corporation International by 38.8% during the 1st quarter. Royal Bank of Canada now owns 121,883 shares of the company’s stock valued at $9,775,000 after buying an additional 34,051 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Service Corporation International by 48.7% during the first 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 during the period. Focus Partners Wealth increased its position in shares of Service Corporation International by 3.1% during the first quarter. Focus Partners Wealth now owns 10,571 shares of the company’s stock valued at $848,000 after buying an additional 321 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in shares of Service Corporation International by 32.6% in the second quarter. Baird Financial Group Inc. now owns 9,753 shares of the company’s stock worth $794,000 after buying an additional 2,398 shares in the last quarter. 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 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.