Service Corporation International (SCI) : Analyst Rating Update

Service Corporation International (SCI) : The consensus on Service Corporation International (SCI) based on 2 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.

Service Corporation International (SCI) : The consensus price target for Service Corporation International (SCI) is $31.33 for the short term with a standard deviation of $2.08. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $33, however, the pessimist price target for the company is $29.

Service Corporation International (NYSE:SCI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.47 and $26.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.97, notching a gain of 1.58% for the day. The total traded volume was 1,299,376 . The stock had closed at $26.55 on the previous day.

Also, Brokerage firm Credit Suisse upgrades its rating on Service Corporation International (NYSE:SCI). As per the latest information, the brokerage house raises the price target to $32 per share from a prior target of $25. The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on April 28, 2016. The company shares have dropped -7.72% from its 1 Year high price. On Aug 19, 2015, the shares registered one year high at $32.02 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $26.85 and the 200 Day Moving Average price is recorded at $25.16.

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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