Service Co. International (NYSE:SCI) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

SCI has been the topic of several other reports. Zacks Investment Research cut Service Co. International from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Deutsche Bank AG assumed coverage on Service Co. International in a report on Monday, May 1st. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $37.00 price objective (up from $34.00) on shares of Service Co. International in a report on Friday, July 21st. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Service Co. International has a consensus rating of “Buy” and a consensus target price of $37.00.

Shares of Service Co. International (NYSE SCI) opened at 35.36 on Friday. The stock has a market capitalization of $6.62 billion, a P/E ratio of 19.17 and a beta of 0.93. The company has a 50 day moving average price of $34.41 and a 200-day moving average price of $32.09. Service Co. International has a 52-week low of $24.90 and a 52-week high of $35.89.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Service Co. International had a return on equity of 23.03% and a net margin of 8.87%. The company had revenue of $773.20 million for the quarter, compared to analysts’ expectations of $769.57 million. During the same period in the previous year, the firm posted $0.28 EPS. Service Co. International’s revenue was up 2.9% compared to the same quarter last year. On average, analysts predict that Service Co. International will post $1.47 earnings per share for the current fiscal year.

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In other Service Co. International news, CEO Thomas L. Ryan sold 51,394 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $32.55, for a total value of $1,672,874.70. Following the transaction, the chief executive officer now directly owns 1,119,503 shares of the company’s stock, valued at approximately $36,439,822.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward E. Williams sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $32.12, for a total transaction of $321,200.00. Following the completion of the transaction, the director now directly owns 165,372 shares in the company, valued at $5,311,748.64. The disclosure for this sale can be found here. Insiders sold a total of 210,000 shares of company stock worth $6,725,578 over the last three months. Corporate insiders own 6.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCI. BlackRock Inc. raised its position in Service Co. International by 13,931.4% in the first quarter. BlackRock Inc. now owns 16,407,111 shares of the company’s stock worth $506,652,000 after buying an additional 16,290,180 shares during the period. Vanguard Group Inc. raised its position in Service Co. International by 4.1% in the first quarter. Vanguard Group Inc. now owns 14,875,922 shares of the company’s stock worth $459,368,000 after buying an additional 583,346 shares during the period. State Street Corp raised its position in Service Co. International by 0.4% in the second quarter. State Street Corp now owns 4,961,421 shares of the company’s stock worth $165,957,000 after buying an additional 20,669 shares during the period. First Manhattan Co. raised its position in Service Co. International by 17.6% in the first quarter. First Manhattan Co. now owns 4,616,040 shares of the company’s stock worth $122,509,000 after buying an additional 691,037 shares during the period. Finally, Clearbridge Investments LLC raised its position in Service Co. International by 0.6% in the first quarter. Clearbridge Investments LLC now owns 3,384,622 shares of the company’s stock worth $104,517,000 after buying an additional 19,578 shares during the period. 86.66% of the stock is currently owned by institutional investors and hedge funds.

About Service Co. International

Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.

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