Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Service Corp International (NYSE: SCI) improved of late. SCI’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Service Corp International (NYSE: SCI) stock closed at $74.72 on 8/1/24 after a large decline of -6.5%. Moreover, this decline was accompanied by exceptionally high trading volume at 415% of normal. The stock has been strong relative to the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above 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, leading to the Low Neutral Value Trend Rating.
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