In yesterday’s Wall Street session, Service Corporation International (NYSE:SCI) shares traded at $63.67, down -5.37% from the previous session.
As of this writing, 5 analysts cover Service Corporation International (NYSE:SCI). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $85.00 and a low of $74.00, we find $80.00. Given the previous closing price of $67.28, this indicates a potential upside of 18.91 percent. SCI stock price is now -2.49% away from the 50-day moving average and -5.84% away from the 200-day moving average. The market capitalization of the company currently stands at $9.64B.
There are 0 analysts who have given it a hold rating, whereas 4 have given it a buy rating. Brokers who have rated the stock have averaged $79.80 as their price target over the next twelve months.
With the price target of $72, Truist recently initiated with Buy rating for Service Corporation International (NYSE: SCI).
In other news, RYAN THOMAS L, President, CEO & Chairman sold 33 shares of the company’s stock on May 22. The stock was sold for $2,163 at an average price of $65.55. Upon completion of the transaction, the President, CEO & Chairman now directly owns 962,409 shares in the company, valued at $61.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 19, President, CEO & Chairman RYAN THOMAS L sold 62,417 shares of the business’s stock. A total of $4,090,860 was realized by selling the stock at an average price of $65.54. This leaves the insider owning 962,409 shares of the company worth $61.28 million. Insiders disposed of 701,812 shares of company stock worth roughly $44.68 million over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SCI stock. A new stake in Service Corporation International shares was purchased by NORDEA INVESTMENT MANAGEMENT AB during the first quarter worth $52,262,000. EMPOWER ADVISORY GROUP, LLC invested $51,522,000 in shares of SCI during the first quarter. In the first quarter, VAUGHAN DAVID INVESTMENTS LLC/IL acquired a new stake in Service Corporation International valued at approximately $27,916,000. CAPITAL RESEARCH GLOBAL INVESTORS acquired a new stake in SCI for approximately $10,307,000. EP WEALTH ADVISORS, LLC purchased a new stake in SCI valued at around $6,078,000 in the second quarter.
Wednesday morning saw Service Corporation International (NYSE: SCI) opened at $65.00. During the past 12 months, Service Corporation International has had a low of $56.85 and a high of $75.02. As of last week, the company has a debt-to-equity ratio of 2.71, a current ratio of 0.40, and a quick ratio of 0.40. According to the stock market information, the enterprise value for the company is $14.41B, which is based on a 20.51 price-to-earnings ratio, a 1.71 price-to-earnings-growth ratio, and a beta of 0.76. The fifty day moving average price for SCI is $65.26 and a two-hundred day moving average price translates $67.62 for the stock.
The net profit margin was 12.20% and return on equity was 28.80% for SCI. The company reported revenue of $1.03 billion for the quarter, compared to $1.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.52 percent.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 06/15/2023 were paid a $0.27 dividend. On an annualized basis, this represents a $1.08 dividend and a 1.70% percent yield. There was an ex-dividend date of 06/14/2023 for this dividend. In terms of dividend payout ratio, SCI is presently at 32.40%.
