Truist Financial Begins Coverage of Service Company International (NYSE:SCI)
Benzinga reports that investment analysts at Truist Financial have begun covering shares of Service Company International (NYSE:SCI). This information was distributed to clients on Friday in the form of a research note. The company issued a “buy” recommendation for the stock and determined that the price target should be $72.00. According to the price target set by Truist Financial, the stock could rise 18.01% since its last close.
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The Service Co. International (NYSE:SCI) earnings report was released on August 2. The company’s earnings per share for the quarter were $0.84, $0.02 higher than the consensus estimate of $0.82 per share for earnings per share for the quarter. . Actual sales for the most recent quarter for the company were $990.86 million, significantly higher than the average sales forecast of $956.30 million for this quarter. Service Company International’s return on equity was calculated at 39.67% and the company’s net margin at 18.38%. According to projections made by industry analysts, the current fiscal year should allow Service International to earn $3.43 per share. This is expected to be the case as the current fiscal year is underway.
Additionally, on September 12, 12, Jakki L. Haussler, director of Service Co. International, sold 11,748 shares of the company. The transaction involved the sale of the shares at an average price of $63.16 per share, which resulted in a total sale volume of $742,003.68. The administrator now directly owns 4,937 shares of the company, which have a combined value of approximately $311,820.92 as a result of the transaction. You may find a filing that explains the transaction in more detail on the Securities and Exchange Commission (SEC) website. Insiders of the company hold 5.10% of the total number of shares of the company.
When trading began on Friday, a share of SCI went to $61.01 per share. The company’s stock price moving average over the past 200 days is $66.80, while the 50-day moving average is $63.53. The stock is valued at $9.62 billion, has a price/earnings ratio of 13.18, a price/earnings/growth ratio of 2.09 and a beta value of 0.75. All of these metrics indicate that the stock is a good investment. A debt ratio stands at 2.15, a quick ratio which stands at 0.46, a current ratio which stands at 0.51 and a quick ratio which stands at 0.46. Service Co. International has seen a price as low as $56.85 over the past year, while the company has seen a price as high as $75.11 over the past year.
Several institutional investors and hedge funds have recently changed the way they hold their positions in the stock. These adjustments were made in response to recent market events. During the second quarter, William Allan LLC achieved a 0.8% increase in the proportion of Service Co. International shares it held. The last three months of 2018 were spent by William Allan LLC purchasing an additional 148 shares of the company, bringing the total number of shares held by the company to 148. William Allan LLC owns 17,995 shares of the company. The current value of these shares is $1,244,000. Exchange Traded Concepts LLC increased the number of Service Co. International shares held by 1.9% in the first three months of 2018. After acquiring 173 additional shares in the last quarter, Exchange Traded Concepts LLC now owns 9 375 company shares. The current stock value of Exchange Traded Concepts LLC is $617,000. In the first three months of 2018, Private Advisor Group LLC increased its stake in Service Co. International by 2.2%. Following the purchase of an additional 181 shares in the company’s last fiscal quarter, Private Advisor Group LLC now owns a total of 8,269 shares of the company, which have a market value of $544,000. (instead of 7,820). During the first three months of the year, Ellevest Inc. increased its stake in Service Co. International by 51.8%. Ellevest Inc. now owns 548 shares of the company, with a combined total value of $36,000 after purchasing 187 additional shares in the last fiscal quarter. During the second quarter, CIBC Private Wealth Group LLC achieved a 0.6% increase in its holdings of Service Co. International shares. This brings us to the conclusion of our discussion. CIBC Private Wealth Group LLC now owns a total of 32,147 shares of the company following the purchase of 192 additional shares during the last quarter. The company’s shares are valued at a combined total of $2,220,000. The company’s equity held directly by the institutions amounts to 84.40% of the total.
Service Corporation International provides goods and services associated with afterlife care in the United States of America and Canada. Both countries are members of the organization. Businesses associated with cemeteries and funerals make up the segments of the business. It consists of crematoria, cemeteries, funeral homes, funeral homes that are also cemeteries, and other businesses associated with funerals and cemeteries.