Last Updated: 18 Sep 2024
Executive Summary
Service Corporation International (SCI) is a leading provider of death care products and services in the United States and Canada. The company has a strong market position, with a large network of funeral homes and cemeteries. SCI's financial performance has been solid in recent years, with revenue and earnings growing steadily. The company's stock price has performed well over the past year, outperforming the broader market.
Company Overview
SCI is headquartered in Houston, Texas. The company operates a network of over 1,500 funeral homes and cemeteries in the United States and Canada. SCI also provides a range of other death care products and services, such as cremation, burial insurance, and funeral planning.
Fundamental Analysis
SCI's financial performance has been solid in recent years. Revenue has grown steadily, from $3.8 billion in 2018 to $4.1 billion in 2022. Earnings per share have also grown, from $2.72 in 2018 to $3.44 in 2022.
SCI's financial ratios are also healthy. The company has a strong balance sheet, with low levels of debt and a high level of cash. SCI also has a strong track record of profitability, with a profit margin of over 10%.
Technical Analysis
SCI's stock price has performed well over the past year, outperforming the broader market. The stock price has risen from a low of $52.04 in March 2023 to a high of $81.32 in July 2023. The stock price is currently trading at $80.56.
The technical indicators are also bullish for SCI. The stock price is above its 50-day and 200-day moving averages. The relative strength index (RSI) is also above 50, indicating that the stock is in a bullish trend.
Short Term Outlook
The short-term outlook for SCI is positive. The company's financial performance is solid, and the stock price is in a bullish trend. The stock price is expected to continue to rise in the short term.
Long Term Outlook
The long-term outlook for SCI is also positive. The company is a leader in the death care industry, and the demand for its products and services is expected to grow in the coming years. The stock price is expected to continue to rise in the long term.
Analyst Recommendations
Analysts are bullish on SCI. The consensus recommendation is a buy, with a target price of $83.03. Two analysts have a strong buy rating, four analysts have a buy rating, and no analysts have a hold, sell, or strong sell rating.
