Service Corp. International (NYSE:SCI) finished Friday with an addition of $0.57 to close at $57.14, an upside of 1.01 percent. An average of 1,401,680 shares of common stock have been traded in the last five days. There was a fall of -$1.99 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 1,039,065 shares traded, while the 50-day average volume stands at 949,942.
SCI stock has decreased by -10.27% in the last month. The company shares reached their 1-month lowest point of $56.08 on 09/28/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $56.08 and a high of $74.66 in 52 weeks. It has reached a new high 10 times so far this year and lost -17.36% or -$12.00 in price. In spite of this, the price is down -23.47% from the 52-week high.
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Insider Transactions
SCI stock investors should be aware that Service Corp. International (SCI) stock had its last reported insider trading activity 54 days ago on Aug 07. In this transaction, the insider spent $65,309. President, CEO & Chairman, RYAN THOMAS L, disposed of 47,310 shares at a price of $65.37 on Aug 04. The insider now owns more than $3,092,623 worth of shares. Prior to that, President, CEO & Chairman RYAN THOMAS L went on to Sale 33 shares at $65.55 each on May 22. An amount of $2,163 was transacted.
Valuation Metrics
Service Corp. International (SCI) has a trailing price-to-earnings (P/E) ratio of 18.17. The stock’s beta is 0.79. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.13, the price-to-book (PB) ratio at 5.24, and the price-to-cash flow ratio at 26.77.
The company has a payout ratio of 28.89%. The company’s most recent quarterly dividend payment was $0.39 a share, representing a up of 44.44% from $0.27 last year. Its latest increase dividend $0.12 reported on Wednesday August 2 2023.
Financial Health
The quick ratio of Service Corp. International for the three months ended June 29 was 0.42, and the current ratio was 0.47, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.71 and a total debt to equity ratio of 2.74 for the quarter ending June 29. Its gross profit as reported stood at $1.15 billion compared to revenue of $4.11 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Service Corp. International’s return on assets was 3.23%.
Earnings Surprise
For the three-month period that ended June 29, Service Corp. International had $3.9 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $577.88 million in the quarter, while revenues were grew 87.75%. The analyst consensus anticipated Service Corp. International’s latest quarter earnings to come in at $0.81 per share, but it turned out to be $0.83, a 2.50% surprise. For the quarter, EBITDA amounted to $314.18 million. Shareholders own equity worth $150.86 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Service Corp. International (SCI) price momentum. RSI 9-day as of the close on 29 September was 26.79%, suggesting the stock is oversold, with historical volatility in this time frame at 16.36%.
As of today, SCI’s price is $57.38 -3.37% or -$1.99 from its 5-day moving average. SCI is currently trading -9.46% lower than its 20-day SMA and -12.84% lower than its 100-day SMA. However, the stock’s current price level is -15.34% below the SMA50 and -17.63% below the SMA200.
The stochastic %K and %D were 11.81% and 7.48%, respectively, and the average true range (ATR) was 1.10. With the 14-day stochastic at 18.89% and the average true range at 1.10, the RSI (14) stands at 29.26%. The stock has reached -1.63 on the 9-day MACD Oscillator while the 14-day reading was at -2.53.
Analyst Ratings
Truist launched coverage on Service Corp. International (NYSE: SCI) in its analyst report released on October 07, 2022. The firm assigned the stock a Buy rating. The consensus rating for Service Corp. International (SCI) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SCI, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 others rate it as a “buy”.
What is SCI’s price target for the next 12 months?
Analysts predict a range of price targets between $74.00 and $80.00, with a median target of $77.50. Taking a look at these predictions, the average price target given by analysts for Service Corp. International (SCI) stock is $77.25.
