Wall Street Analyst Downgrade Service Corporation International [SCI]. What else is Wall St. saying

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Service Corporation International [NYSE: SCI] gained 6.42% or 3.74 points to close at $61.99 with a heavy trading volume of 1998850 shares. The company report on July 29, 2021 that Service Corporation International Announces Second Quarter 2021 Financial Results And Increases 2021 Guidance.

Conference call on Thursday, July 29, 2021, at 8:00 a.m. Central Time.

Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, reported results for the second quarter of 2021.

It opened the trading session at $59.80, the shares rose to $62.84 and dropped to $59.07, the range by which the price of stock traded the whole day. The daily chart for SCI points out that the company has recorded 22.68% gains over the past six months. However, it is still -58.75% lower than its most recent low trading price.

If we look at the average trading volume of 875.55K shares, SCI reached to a volume of 1998850 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Service Corporation International [SCI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SCI shares is $62.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SCI stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Raymond James have made an estimate for Service Corporation International shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 20, 2019. While these analysts kept the previous recommendation, BofA/Merrill raised their target price to Buy. The new note on the price target was released on September 30, 2016, representing the official price target for Service Corporation International stock.

The Average True Range (ATR) for Service Corporation International is set at 1.17, with the Price to Sales ratio for SCI stock in the period of the last 12 months amounting to 2.72. The Price to Book ratio for the last quarter was 5.69, with the Price to Cash per share for the same quarter was set at 1.47. Price to Free Cash Flow for SCI in the course of the last twelve months was 18.01 with Quick ratio for the last quarter at 0.40.

Trading performance analysis for SCI stock

Service Corporation International [SCI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.26. With this latest performance, SCI shares gained by 15.61% in over the last four-week period, additionally plugging by 22.68% over the last 6 months – not to mention a rise of 50.57% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SCI stock in for the last two-week period is set at 84.97, with the RSI for the last a single of trading hit 91.74, and the three-weeks RSI is set at 78.63 for Service Corporation International [SCI]. The present Moving Average for the last 50 days of trading for this stock 54.37, while it was recorded at 58.83 for the last single week of trading, and 51.07 for the last 200 days.

Service Corporation International [SCI]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Service Corporation International [SCI] shares currently have an operating margin of +23.80 and a Gross Margin at +27.82. Service Corporation International’s Net Margin is presently recorded at +14.69.

Return on Total Capital for SCI is now 15.10, given the latest momentum, and Return on Invested Capital for the company is 9.64. Return on Equity for this stock inclined to 28.85, with Return on Assets sitting at 3.66. When it comes to the capital structure of this company, Service Corporation International [SCI] has a Total Debt to Total Equity ratio set at 218.64. Additionally, SCI Total Debt to Total Capital is recorded at 68.62, with Total Debt to Total Assets ending up at 26.40. Long-Term Debt to Equity for the company is recorded at 203.27, with the Long-Term Debt to Total Capital now at 63.79.

Reflecting on the efficiency of the workforce at the company, Service Corporation International [SCI] managed to generate an average of $21,376 per employee. Receivables Turnover for the company is 38.12 with a Total Asset Turnover recorded at a value of 0.25.Service Corporation International’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.50.

Service Corporation International [SCI]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SCI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Service Corporation International go to 4.11%.

An analysis of insider ownership at Service Corporation International [SCI]

There are presently around $8,897 million, or 89.90% of SCI stock, in the hands of institutional investors. The top three institutional holders of SCI stocks are: VANGUARD GROUP INC with ownership of 16,682,992, which is approximately 5.599% of the company’s market cap and around 2.20% of the total institutional ownership; BLACKROCK INC., holding 14,819,115 shares of the stock with an approximate value of $918.64 million in SCI stocks shares; and SELECT EQUITY GROUP, L.P., currently with $705.72 million in SCI stock with ownership of nearly -13.08% of the company’s market capitalization.

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Positions in Service Corporation International stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 168 institutional holders increased their position in Service Corporation International [NYSE:SCI] by around 9,400,752 shares. Additionally, 210 investors decreased positions by around 9,067,815 shares, while 91 investors held positions by with 125,060,117 shares. The mentioned changes placed institutional holdings at 143,528,684 shares, according to the latest SEC report filing. SCI stock had 39 new institutional investments in for a total of 696,998 shares, while 46 institutional investors sold positions of 1,109,523 shares during the same period.

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