UBS Analyst Raises Service International Price Target by 2.4% to $85

UBS's A.J. Rice raised their price target on Service International (NYSE: SCI) by 2.4% from $83 to $85 on 2024/05/17. The analyst maintained their Strong Buy rating on the stock.

Rice's decision to increase the price target reflects the positive outlook for Service International. The analyst highlighted several factors contributing to the company's growth potential. Rice stated that Service International is benefiting from "the incoming demographic lift, its positive acquisition pace, and the EPS upside afforded by selling direct via insurance."

It is worth noting that all top-rated analysts currently rate SCI as a Strong Buy or Buy. None of the analysts surveyed see it as a Hold, and none of them recommend or strongly recommend selling the stock. This consensus among analysts indicates a widespread optimism about the company's future prospects.

Since SCI's latest quarterly report on 2024/05/14, the stock price has increased by 1.1%. Moreover, the stock has demonstrated a year-over-year growth of 8.2%. However, it is important to mention that during this period, SCI has trailed behind the broader market, as the S&P 500 has recorded a substantial growth of 27.5%.

UBS analyst A.J. Rice holds a strong track record in the industry. According to WallStreetZen, Rice ranks in the top 10% out of 4,587 Wall Street analysts. With an average return of 7.8% and a 58.5% win rate, Rice's expertise lies in the Consumer Cyclical, Consumer Defensive, and Healthcare sectors. Investors may find Rice's analysis valuable due to their proven success in these areas.

Service Corporation International (SCI) is a prominent player in the funeral and cemetery industry. The company operates 1,470 funeral homes and 485 cemeteries across 45 U.S. states, eight Canadian provinces, and Puerto Rico. SCI offers a range of services, including funerals, cremations, memorialization, and catering. Established in 1962, SCI is headquartered in Houston, TX.

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