Analyst Rating Update on Service Corporation International (SCI)

Service Corporation International (NYSE:SCI) : 2 brokerage houses believe that Service Corporation International (NYSE:SCI) is a Strong Buy at current levels. Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 2 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.

Service Corporation International (NYSE:SCI) : The highest short term price target forecast on Service Corporation International (NYSE:SCI) is $33 and the lowest target price is $29. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $31.33 with a standard deviation of $2.08.

For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Credit Suisse upgrades its ratings on Service Corporation International (NYSE:SCI). In the latest research report, Credit Suisse raises the target price from $25 per share to $32 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on April 28, 2016.

Service Corporation International (NYSE:SCI): stock turned positive on Tuesday. Though the stock opened at $26.07, the bulls momentum made the stock top out at $26.325 level for the day. The stock recorded a low of $25.95 and closed the trading day at $26.05, in the green by 0.70%. The total traded volume for the day was 1,265,172. The stock had closed at $25.87 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Waltrip W Blair, director of Service Corporation International, had unloaded 1,424 shares at an average price of $27 in a transaction dated on June 10, 2016. The total value of the transaction was worth $38,448.

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 Companys segments include Funeral and Cemetery. The Companys 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.

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