Bank of America Securities analyst Joanna Gajuk maintained a Buy rating on Service International today and set a price target of $98.00.
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Joanna Gajuk’s rating is based on several positive indicators for Service International’s performance. The company has shown a notable sequential increase in visitations at its locations, particularly in October, which surpassed historical trends. This improvement in traffic is a positive sign for their cemetery pre-need sales, suggesting potential revenue growth.
Moreover, Service International benefits from solid cash flows and capital deployment opportunities, alongside a promising long-term growth outlook. The company is also positioned favorably with a customer base that includes higher-income consumers, who are maintaining better spending levels compared to lower-income groups. These factors combined contribute to the Buy rating, with a price objective set at $98.00, reflecting confidence in the company’s future performance.
In another report released on October 31, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $94.00 price target.
Based on the recent corporate insider activity of 55 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.