In a report released yesterday, Scott Schneeberger from Oppenheimer assigned a Buy rating to Service International (SCI – Research Report), with a price target of $56.00. The company’s shares closed last Friday at $51.09, close to its 52-week high of $52.99.
According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 10.8% and a 63.5% success rate. Schneeberger covers the Services sector, focusing on stocks such as Fleetcor Technologies, Target Hospitality, and Stericycle.
Service International has an analyst consensus of Strong Buy, with a price target consensus of $54.67.
Based on Service International’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $918 million and net profit of $127 million. In comparison, last year the company earned revenue of $769 million and had a net profit of $70.79 million.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is neutral on the stock.
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Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery business segments. The Funeral segment offers professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, cremations, memorialization, and catering. The Cemetery segment provides cemetery property interment rights, including developed lots, lawn crypts, mausoleum spaces, niches, and other cremation memorialization and interment options. The company was founded by Robert L. Waltrip in July 1962 and is headquartered in Houston, TX.