Service Corporation International (NYSE:SCI) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Service Corporation International (NYSE:SCI) had its target price cut by JPMorgan Chase & Co. from $100.00 to $95.00 in a research note published on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of Service Corporation International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, October 21st. UBS Group dropped their target price on shares of Service Corporation International from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Wall Street Zen lowered Service Corporation International from a “hold” rating to a “sell” rating in a research report on Saturday. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat, Service Corporation International currently has a consensus rating of “Buy” and a consensus price target of $95.67.

Service Corporation International Stock Down 0.0%

Shares of Service Corporation International stock opened at $76.36 on Friday. The company has a 50-day simple moving average of $80.00 and a two-hundred day simple moving average of $79.97. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.36 and a current ratio of 0.40. The stock has a market capitalization of $10.41 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81. Service Corporation International has a 52-week low of $68.41 and a 52-week high of $90.99.

Service Corporation International (NYSE:SCI) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.02). The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. Service Corporation International had a net margin of 12.70% and a return on equity of 34.96%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS. On average, analysts anticipate that Service Corporation International will post 4.00 EPS for the current fiscal year.

Service Corporation International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 15th. Service Corporation International’s payout ratio is 35.73%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new position in shares of Service Corporation International during the third quarter worth approximately $41,000. GAMMA Investing LLC lifted its stake in shares of Service Corporation International by 20.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,204 shares of the company’s stock valued at $244,000 after purchasing an additional 533 shares during the last quarter. Advisors Preferred LLC boosted its holdings in shares of Service Corporation International by 81.0% during the 1st quarter. Advisors Preferred LLC now owns 6,579 shares of the company’s stock worth $543,000 after buying an additional 2,945 shares during the period. Farther Finance Advisors LLC raised its stake in Service Corporation International by 5.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,527 shares of the company’s stock valued at $573,000 after purchasing an additional 361 shares during the last quarter. Finally, CX Institutional increased its position in shares of Service Corporation International by 7.3% during the third quarter. CX Institutional now owns 12,345 shares of the company’s stock valued at $940,000 after purchasing an additional 838 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Service Corporation International Company Profile

Service Corporation International (NYSE:SCI) is a Houston-based provider of funeral, cremation and cemetery services. The company operates funeral homes, cemeteries and cremation facilities, offering arrangements for traditional funerals, memorial services and cremations, as well as cemetery property, burial services and related merchandise.

SCI serves families primarily in the United States and Canada through a network of locations and a portfolio of brands that includes Dignity Memorial, Funeraria del Angel and Neptune Society.