Service Corporation International (NYSE:SCI) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Equities researchers at JPMorgan Chase & Co. began coverage on shares of Service Corporation International (NYSE:SCI) in a note issued to investors on Tuesday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $110.00 price target on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 32.33% from the company’s previous close.

Several other research analysts also recently commented on SCI. Weiss Ratings downgraded shares of Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. UBS Group lifted their price target on shares of Service Corporation International from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Service Corporation International presently has a consensus rating of “Moderate Buy” and an average target price of $96.50.

Service Corporation International Stock Up 1.2%

SCI opened at $83.12 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.56 and a debt-to-equity ratio of 3.17. The stock has a market capitalization of $11.65 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.82 and a beta of 0.99. The firm has a 50 day moving average price of $78.88 and a 200-day moving average price of $79.86. Service Corporation International has a twelve month low of $71.75 and a twelve month high of $85.00.

Service Corporation International (NYSE:SCI) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Service Corporation International had a net margin of 12.46% and a return on equity of 33.60%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.79 earnings per share. Service Corporation International has set its FY 2025 guidance at 3.800-3.90 EPS. Equities research analysts forecast that Service Corporation International will post 3.84 earnings per share for the current year.

Insider Transactions at Service Corporation International

In other news, President Sumner J. Waring III sold 30,300 shares of Service Corporation International stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $83.14, for a total transaction of $2,519,142.00. Following the sale, the president owned 295,192 shares of the company’s stock, valued at approximately $24,542,262.88. The trade was a 9.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Elisabeth G. Nash sold 42,400 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $76.32, for a total value of $3,235,968.00. Following the transaction, the vice president owned 110,006 shares of the company’s stock, valued at approximately $8,395,657.92. This represents a 27.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 4.40% of the company’s stock.

Institutional Trading of Service Corporation International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Boston Trust Walden Corp increased its stake in shares of Service Corporation International by 1.6% during the second quarter. Boston Trust Walden Corp now owns 622,373 shares of the company’s stock worth $50,661,000 after buying an additional 9,821 shares during the period. Marshall Wace LLP grew its position in Service Corporation International by 31.8% during the third quarter. Marshall Wace LLP now owns 549,162 shares of the company’s stock worth $45,701,000 after buying an additional 132,591 shares during the period. Goldman Sachs Group Inc. raised its stake in Service Corporation International by 48.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 417,387 shares of the company’s stock valued at $33,474,000 after purchasing an additional 136,770 shares during the last quarter. Rhumbline Advisers boosted its stake in Service Corporation International by 3.0% in the 3rd quarter. Rhumbline Advisers now owns 394,961 shares of the company’s stock worth $32,869,000 after buying an additional 11,484 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Service Corporation International by 8.4% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 381,200 shares of the company’s stock worth $31,723,000 after buying an additional 29,478 shares during the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

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.