Buy Rating for Service International: Strong Fundamentals and Promising Growth Outlook

Joanna Gajuk, an analyst from Bank of America Securities, reiterated the Buy rating on Service International (SCI – Research Report). The associated price target remains the same with $98.00.

Joanna Gajuk has given her Buy rating due to a combination of factors including solid fundamentals, strong cash flows, and a promising long-term growth outlook driven by aging demographics. Despite a slight decrease in daily visitations in April, the overall performance of Service International is tracking better than previous quarters, with a notable rebound in March and improved trends in key locations like Rose Hills.
Moreover, the visitation trends in California showed a positive increase, outperforming the overall average for SCI’s locations. This regional strength, along with the company’s strategic positioning and financial health, supports the Buy rating. The price objective of $98.00 USD further underscores the potential upside from the current price level, reflecting confidence in the company’s future performance.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SCI in relation to earlier this year.