Service Co. International (SCI) Lifted to Buy at ValuEngine

Service Co. International (NYSE:SCI) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday, May 10th, ValuEngine reports.

A number of other equities research analysts have also commented on SCI. Raymond James lowered Service Co. International from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, February 20th. Zacks Investment Research upgraded Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $46.75.

NYSE SCI traded up $0.18 during trading hours on Friday, reaching $42.80. The stock had a trading volume of 744,000 shares, compared to its average volume of 1,148,018. The firm has a market cap of $7.69 billion, a P/E ratio of 23.91, a P/E/G ratio of 1.93 and a beta of 1.05. Service Co. International has a 52-week low of $35.19 and a 52-week high of $47.09. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 2.00.

Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, April 24th. The company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.06. The firm had revenue of $798.20 million for the quarter, compared to analyst estimates of $791.85 million. Service Co. International had a return on equity of 21.13% and a net margin of 13.92%. Service Co. International’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. As a group, research analysts expect that Service Co. International will post 1.95 earnings per share for the current year.

In other Service Co. International news, Director Tony Coelho sold 6,325 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $39.65, for a total value of $250,786.25. Following the completion of the transaction, the director now directly owns 61,750 shares of the company’s stock, valued at $2,448,387.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Sumner J. Waring III sold 95,100 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $42.65, for a total value of $4,056,015.00. Following the completion of the transaction, the vice president now directly owns 428,631 shares of the company’s stock, valued at $18,281,112.15. The disclosure for this sale can be found here. Insiders sold 1,322,555 shares of company stock valued at $55,091,685 over the last three months. 5.50% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Service Co. International by 0.7% during the 4th quarter. BlackRock Inc. now owns 17,254,187 shares of the company’s stock worth $694,655,000 after buying an additional 117,664 shares during the period. Vanguard Group Inc raised its stake in Service Co. International by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 15,776,201 shares of the company’s stock valued at $697,308,000 after purchasing an additional 113,245 shares during the last quarter. Baillie Gifford & Co. raised its stake in Service Co. International by 47.0% in the 4th quarter. Baillie Gifford & Co. now owns 11,940,093 shares of the company’s stock valued at $480,708,000 after purchasing an additional 3,819,041 shares during the last quarter. Wellington Management Group LLP raised its stake in Service Co. International by 143.0% in the 1st quarter. Wellington Management Group LLP now owns 4,965,943 shares of the company’s stock valued at $199,383,000 after purchasing an additional 2,922,483 shares during the last quarter. Finally, First Manhattan Co. raised its stake in Service Co. International by 11.3% in the 1st quarter. First Manhattan Co. now owns 4,559,451 shares of the company’s stock valued at $183,062,000 after purchasing an additional 464,406 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Service Co. International Company Profile

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.

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