International (SCI) Receives Average Rating of "Buy" from Brokerages

Angelo Anderson
April 18, 2018

The stock increased 1.15% or $0.44 during the last trading session, reaching $38.64.

A number of equities analysts have issued reports on the stock. Oppenheimer has "Buy" rating and $39.0 target. Credit Suisse maintained Service Corporation International (NYSE:SCI) rating on Monday, February 5.

Service Co. International announced that its Board of Directors has approved a share buyback plan on Tuesday, February 13th that allows the company to buyback $298.00 million in shares. The stock of Service Corporation International (NYSE:SCI) earned "Buy" rating by Deutsche Bank on Thursday, February 15. Global in a report on Thursday, January 18th. A rating of 4 or 5 would specify a mean Sell opinion. Bank of America upped their price objective on shares of Service Co. Worldwide from $46.00 to $48.00 and gave the company a "buy" rating in a report on Wednesday, February 21st. Zacks Investment Research cut Service Co. Dynamic Technology Lab Private Ltd acquired a new position in Service Co. Moreover, Bowling Portfolio Management Llc has 0.22% invested in the company for 20,360 shares. Northwestern Mutual Wealth Company owns 5,061 shs. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional investors have recently made changes to their positions in the company. Clough Capital Partners Ltd Partnership has 163,868 shares for 0.51% of their portfolio. Global during the third quarter worth approximately $223,000. Wright Investors Service Inc. purchased a new stake in Service Co. Worldwide in the fourth quarter worth about $243,000. Global in the fourth quarter worth about $283,000. 26,404 were reported by Cubist Systematic Strategies Ltd. Global by 649.3% in the third quarter. Consolidated Invest Grp Limited Co reported 0.75% stake. Global by 284.8% in the 3rd quarter. It has ranged in price between $37.97-$38.44 after having started the session at $38.42 as compared to the previous trading day's close of $38.19. Sanmina Corporation (SANM) negotiated the trading capacity of 494359 shares and observing the average volume of last three months the stock traded 890.06K shares. Taking a look at the daily price change trend and size of price movement it is recorded that SANM spotted a negative behavior with drift of -1.05%. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.58 and a quick ratio of 0.55. Service Co. International has a 1 year low of $30.85 and a 1 year high of $40.28. Reliance Of Delaware invested 0.06% of its capital in Service Corporation International (NYSE:SCI). The hedge fund run by Matthew Tewksbury held 53,003 shares of the other consumer services company at the end of 2017Q4, valued at $1.98 million, down from 117,507 at the end of the previous reported quarter. The business had revenue of $812.73 million during the quarter, compared to the consensus estimate of $823.66 million. The average volume was noted at 1066.46K shares while its relative volume was seen at 0.75. Worldwide to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. The ex-dividend date of this dividend is Wednesday, March 14th. Massachusetts-based Amundi Pioneer Asset Mngmt Incorporated has invested 0% in Service Corporation International (NYSE:SCI).

The gap presently is 0.26%, while the 52-week low and the 52-week high are 26.32% and -4.07%, respectively. Service Co. International had a return on equity of 23.68% and a net margin of 17.66%. Lpl Fincl Ltd Liability Com owns 50,646 shares. The firm's stock has a market capitalization of $7.15 bln. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

ILLEGAL ACTIVITY NOTICE: This news story was originally posted by Macon Daily and is the property of of Macon Daily. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of USA & global copyright legislation. The correct version of this news story can be viewed at Homrich Berg stated it has 0.02% in Service Corporation International (NYSE:SCI). The firm operates through Funeral and Cemetery divisions. It conducts both funeral and cemetery operations in the United States and Canada. The Company's funeral service and cemetery activities comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and related businesses.

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