Oppenheimer Maintains Service Corporation International to Outperform with Price Target $32.00

Brokerage firm Oppenheimer Maintains its rating on Service Corporation International(NYSE:SCI). In a research note issued to the investors, the brokerage major Raises the price-target to $32.00 per share. The shares have been rated Outperform. The rating by Oppenheimer was issued on Jul 28, 2016.

Service Corporation International (SCI) shares turned negative on Thursdays trading session with the shares closing down -0.15 points or -0.56% at a volume of 6,71,479. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $26.99. The peak price level was also seen at $26.99 while the days lowest was $26.67. Finally the shares closed at $26.68. The 52-week high of the shares is $32.02 while the 52-week low is $20.2057. According to the latest information available, the market cap of the company is $5,166 M.

Service Corporation International(SCI) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $751.71M. Analysts had an estimated revenue of $769.53M. Earnings per share were $0.28. Analysts had estimated an EPS of $0.29.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, W Blair Waltrip (director) sold 1,424 shares at $27.00 per share price.Also, On Jun 10, 2016, Steven A Tidwell (Sr.V.P. Sales & Merchandising) sold 69,100 shares at $27.20 per share price.On May 23, 2016, R L Waltrip (Founder & Chairman Emeritus) sold 122,000 shares at $26.43 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.

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