Service Corporation International (SCI) is Upgraded by Credit Suisse to Outperform

Service Corporation International (SCI) was Upgraded by Credit Suisse to ” Outperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Apr 28, 2016.

Many Wall Street Analysts have commented on Service Corporation International. Service Corporation International was Initiated by Credit Suisse to “Neutral” on Mar 16, 2016. Shares were Reiterated by Oppenheimer on Feb 12, 2016 to “Outperform” and Lowered the Price Target to $ 27 from a previous price target of $29 .Shares were Reiterated by Oppenheimer on Feb 1, 2016 to “Outperform” and Lowered the Price Target to $ 29 from a previous price target of $31 .

On the company’s financial health, Service Corporation International reported $0.28 EPS for the quarter, based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus estimate of $0.28. The company had revenue of $749.27 million for the quarter, compared to analysts expectations of $715.75 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

Service Corporation International opened for trading at $25.95 and hit $26.33 on the upside on Wednesday, eventually ending the session at $26.25, with a gain of 0.85% or 0.22 points. The heightened volatility saw the trading volume jump to 15,51,467 shares. Company has a market cap of $5,116 M.

In a different news, on Dec 14, 2015, W Blair Waltrip (director) sold 2,000 shares at $26.19 per share price. According to the SEC, on Nov 19, 2015, Alan R Iii Buckwalter (director) sold 10,000 shares at $26.97 per share price. On Sep 3, 2015, Edward E Williams (director) sold 10,000 shares at $29.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Service Corporation International is a provider of death care products and services. The Company has a network of funeral service locations and cemeteries operating in the United States and Canada. Its funeral service and cemetery operations consist of funeral service locations cemeteries funeral service/cemetery combination locations crematoria and related businesses. The Company’s segments include Funeral and Cemetery. The Company’s brands include Dignity Memorial Dignity Planning National Cremation Society Advantage Funeraria Del Angel Making Everlasting Memories and Neptune Society/Trident Society. The Company sells cemetery property and funeral and cemetery merchandise and services at the time of need and on a pre-need basis. The Company provides professional services relating to funerals and cremations including the use of funeral facilities and motor vehicles and preparation and embalming services.

Service Corporation International

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