Stock Rating Upgrade
The Value Trend Rating for Service Corp International (NYSE: SCI) improved of late from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Service Corp International (NYSE: SCI) stock closed at $72.50 on 3/18/24 after a slight gain of 0.04%. However, below average trading volume at 81% of normal accompanied the advance. The stock has declined -4.0% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SCI is expected to continue to be a major Value Builder.
Service has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Service has a very low Appreciation Score of 13 but a good Power Rating of 77, and the Low Neutral Value Trend Rating results.
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