Service Corporation International (NYSE:SCI) Raised to Hold at Wall Street Zen

Service Corporation International (NYSE:SCI) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

A number of other analysts also recently weighed in on the stock. Weiss Ratings raised shares of Service Corporation International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, September 14th. UBS Group increased their price objective on shares of Service Corporation International from $93.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $100.67.

Service Corporation International Stock Down 0.3%

Shares of NYSE SCI opened at $77.54 on Friday. Service Corporation International has a 1 year low of $68.41 and a 1 year high of $90.99. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.73 and a beta of 0.80. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.49 and a current ratio of 0.53. The stock’s 50-day simple moving average is $82.12 and its 200-day simple moving average is $79.74.

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. Service Corporation International had a return on equity of 34.38% and a net margin of 12.30%.The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the business posted $0.88 earnings per share. Service Corporation International’s revenue for the quarter was up 3.6% on a year-over-year basis. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. As a group, equities analysts anticipate that Service Corporation International will post 4.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Thomas Ryan sold 253,391 shares of Service Corporation International stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $85.25, for a total value of $21,601,582.75. Following the completion of the transaction, the chief executive officer owned 1,006,212 shares in the company, valued at approximately $85,779,573. This trade represents a 20.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Service Corporation International

A number of hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new position in shares of Service Corporation International in the 2nd quarter worth about $2,904,000. Magnolia Capital Advisors LLC bought a new stake in shares of Service Corporation International during the 2nd quarter valued at about $1,295,000. Tulsa Wealth Advisors INC acquired a new stake in Service Corporation International during the second quarter worth about $2,111,000. Bank of New York Mellon Corp acquired a new stake in Service Corporation International during the second quarter worth about $80,965,000. Finally, Handelsbanken Fonder AB raised its stake in Service Corporation International by 3.8% during the second quarter. Handelsbanken Fonder AB now owns 881,985 shares of the company’s stock worth $66,996,000 after acquiring an additional 32,137 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Service Corporation International Company Profile

Service Corporation International (NYSE:SCI) is a provider of funeral, cremation and cemetery services in North America. The company operates funeral homes, cemeteries and crematoria, serving families through arrangements for traditional funerals, memorial services, cremations and related end-of-life needs.

SCI offers funeral and cemetery merchandise, burial and cremation property, memorialization products and other services. It also provides preneed arrangements, allowing customers to plan and fund funeral or cemetery services in advance.