Service Corporation International (SCI)’s Trend Up, Especially After Today’s 52-Week High Milestone

January 17, 2018 - By Marguerite Chambers

Investors sentiment increased to 1.23 in Q3 2017. Its up 0.17, from 1.06 in 2017Q2. It is positive, as 14 investors sold Service Corporation International shares while 99 reduced holdings. 47 funds opened positions while 92 raised stakes. 153.11 million shares or 0.62% less from 154.07 million shares in 2017Q2 were reported.
Moreover, Tctc Ltd Limited Liability Company has 0.02% invested in Service Corporation International (NYSE:SCI) for 8,500 shares. Aqr Capital Mgmt Ltd Liability invested 0.01% of its portfolio in Service Corporation International (NYSE:SCI). Dudley & Shanley Limited Com invested 1.6% of its portfolio in Service Corporation International (NYSE:SCI). Shelton Management, California-based fund reported 16,700 shares. Robeco Institutional Asset Management Bv reported 344,000 shares or 0.07% of all its holdings. Teachers Retirement Systems Of The State Of Kentucky holds 0.02% or 40,010 shares in its portfolio. Teacher Retirement Systems Of Texas, a Texas-based fund reported 15,520 shares. California Employees Retirement Systems holds 0.02% in Service Corporation International (NYSE:SCI) or 400,204 shares. Cipher Lp has invested 0.08% in Service Corporation International (NYSE:SCI). Deutsche National Bank & Trust Ag holds 0.01% or 612,630 shares in its portfolio. D E Shaw has 0.01% invested in Service Corporation International (NYSE:SCI). Susquehanna Group Inc Ltd Liability Partnership holds 0% or 30,915 shares. Advsrs Asset Management Incorporated accumulated 0% or 1,019 shares. Brandywine Invest Mgmt Limited Liability Company invested in 38,954 shares. Brown Brothers Harriman And Communication holds 989 shares.

Since September 6, 2017, it had 0 insider purchases, and 7 insider sales for $24.32 million activity. WALTRIP W BLAIR had sold 2,000 shares worth $70,146 on Tuesday, September 12. Another trade for 100,000 shares valued at $3.49M was sold by RYAN THOMAS L. $3.21M worth of Service Corporation International (NYSE:SCI) was sold by WALTRIP R L. 187,100 shares were sold by TANZBERGER ERIC D, worth $6.53 million on Wednesday, September 6. WEBB MICHAEL R sold $7.01 million worth of stock or 202,000 shares. $2.56M worth of Service Corporation International (NYSE:SCI) was sold by Sangalis Gregory T.

The stock of Service Corporation International (NYSE:SCI) hit a new 52-week high and has $40.03 target or 4.00 % above today’s $38.49 share price. The 7 months bullish chart indicates low risk for the $7.22 billion company. The 1-year high was reported on Jan, 17 by Barchart.com. If the $40.03 price target is reached, the company will be worth $288.64M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.03% or $0.01 during the last trading session, reaching $38.49. About 192,117 shares traded. Service Corporation International (NYSE:SCI) has risen 20.29% since January 17, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Analysts await Service Corporation International (NYSE:SCI) to report earnings on February, 12. They expect $0.45 earnings per share, down 4.26 % or $0.02 from last year’s $0.47 per share. SCI’s profit will be $84.36 million for 21.38 P/E if the $0.45 EPS becomes a reality. After $0.33 actual earnings per share reported by Service Corporation International for the previous quarter, Wall Street now forecasts 36.36 % EPS growth.

Service Corporation International (NYSE:SCI) Ratings Coverage

Among 5 analysts covering Service Corporation International (NYSE:SCI), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Service Corporation International had 13 analyst reports since October 29, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, November 3 by Credit Suisse. The rating was maintained by Oppenheimer on Wednesday, July 26 with “Buy”. The rating was initiated by Wells Fargo with “Market Perform” on Tuesday, August 2. As per Thursday, August 17, the company rating was maintained by Oppenheimer. Oppenheimer maintained the shares of SCI in report on Monday, July 17 with “Buy” rating. The firm has “Outperform” rating by Oppenheimer given on Wednesday, November 11. The stock of Service Corporation International (NYSE:SCI) earned “Buy” rating by Oppenheimer on Wednesday, June 21. The firm has “Buy” rating given on Thursday, November 2 by Oppenheimer. Oppenheimer maintained Service Corporation International (NYSE:SCI) rating on Tuesday, September 26. Oppenheimer has “Buy” rating and $39.0 target. The stock of Service Corporation International (NYSE:SCI) earned “Outperform” rating by Oppenheimer on Friday, February 12.

Service Corporation International, together with its subsidiaries, provides deathcare services and products in the United States and Canada. The company has market cap of $7.22 billion. The firm operates through Funeral and Cemetery divisions. It has a 20.26 P/E ratio. 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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