The stock of Stepan Company (NYSE:SCL) reached all time high today, Oct, 18 and still has $122.78 target or 61.00% above today’s $76.26 share price. This indicates more upside for the $1.69B company. This technical setup was reported by Barchart.com. If the $122.78 PT is reached, the company will be worth $1.03 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 59,396 shares traded hands. Stepan Company (NYSE:SCL) has risen 31.47% since March 15, 2016 and is uptrending. It has outperformed by 25.99% the S&P500.
Analysts await Stepan Company (NYSE:SCL) to report earnings on October, 19. They expect $0.97 EPS, up 5.43% or $0.05 from last year’s $0.92 per share. SCL’s profit will be $21.50M for 19.65 P/E if the $0.97 EPS becomes a reality. After $1.31 actual EPS reported by Stepan Company for the previous quarter, Wall Street now forecasts -25.95% negative EPS growth.
Stepan Company (NYSE:SCL) Ratings Coverage
Out of 5 analysts covering Stepan Co (NYSE:SCL), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Stepan Co has been the topic of 6 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, August 24 by Seaport Global. The rating was upgraded by National Bank Canada to “Outperform” on Monday, August 15.
Insitutional Activity: The institutional sentiment increased to 1.31 in Q2 2016. Its up 0.22, from 1.09 in 2016Q1. The ratio increased, as 16 funds sold all Stepan Company shares owned while 46 reduced positions. 16 funds bought stakes while 65 increased positions. They now own 13.20 million shares or 0.73% more from 13.10 million shares in 2016Q1.
Jacobs Levy Equity Mgmt Incorporated holds 0.05% of its portfolio in Stepan Company (NYSE:SCL) for 39,835 shares. Guggenheim Capital Ltd accumulated 0% or 26,542 shares. Kennedy Capital Mngmt owns 27,999 shares or 0.03% of their US portfolio. Moreover, Tudor Corp Et Al has 0.02% invested in Stepan Company (NYSE:SCL) for 11,980 shares. Prudential Inc accumulated 0.03% or 268,674 shares. The Mississippi-based Hancock has invested 0.04% in Stepan Company (NYSE:SCL). Cornercap Invest Counsel holds 9,345 shares or 0.11% of its portfolio. Arizona State Retirement System holds 0.01% or 9,545 shares in its portfolio. Moreover, Us Comml Bank De has 0% invested in Stepan Company (NYSE:SCL) for 6,321 shares. Metropolitan Life Insurance Com Ny has invested 0.01% of its portfolio in Stepan Company (NYSE:SCL). Citadel Ltd Liability reported 65,714 shares or 0% of all its holdings. Envestnet Asset Management has invested 0% of its portfolio in Stepan Company (NYSE:SCL). Profund Advisors Ltd Company last reported 0.02% of its portfolio in the stock. Moreover, Franklin Res Incorporated has 0.01% invested in Stepan Company (NYSE:SCL) for 289,610 shares. Grace And White Inc Ny owns 161,756 shares or 2.17% of their US portfolio.
Insider Transactions: Since April 28, 2016, the stock had 0 insider buys, and 16 selling transactions for $5.56 million net activity. Servatius Gregory had sold 1,400 shares worth $88,000. Shares for $275,315 were sold by Mergner Arthur W. PACHOLEC FRANK had sold 1,500 shares worth $108,000 on Wednesday, September 7. $2.03 million worth of Stepan Company (NYSE:SCL) was sold by STEPAN F QUINN JR. STEPAN F QUINN also sold $835,088 worth of Stepan Company (NYSE:SCL) on Thursday, April 28. MASON SCOTT C had sold 9,368 shares worth $600,489.
More important recent Stepan Company (NYSE:SCL) news were published by: Prnewswire.com which released: “Stepan Increases Quarterly Cash Dividend, Marking the Forty-Ninth Consecutive …” on October 18, 2016, also Benzinga.com published article titled: “Mid-Morning Market Update: Markets Open Higher; Goldman Sachs Beats Q3 …”, Prnewswire.com published: “Stepan Company Announces Appointment of New Company Director” on October 21, 2015. More interesting news about Stepan Company (NYSE:SCL) was released by: Zacks.com and their article: “Why Earnings Season Could Be Great for Stepan Company (SCL)” with publication date: July 19, 2016.
Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a variety of end products. The company has a market cap of $1.69 billion. The Firm has three divisions: Surfactants, Polymers and Specialty Products. It has a 18.71 P/E ratio. The Company’s Surfactants segment offers products, which are principal ingredients in consumer and industrial cleaning products, such as detergents for washing clothes, dishes, carpets, floors and walls, as well as shampoos and body washes.
SCL Company Profile
Stepan Company, incorporated on February 19, 1959, produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a variety of end products. The Firm has three divisions: Surfactants, Polymers and Specialty Products. The Company’s principal markets include manufacturers of cleaning and washing compounds (including detergents, shampoos, fabric softeners, toothpastes and household cleaners), paints, cosmetics, food, beverages, nutritional supplements, agricultural products, plastics, furniture, automotive equipment, insulation and refrigeration.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.