The stock of Stepan Company (NYSE:SCL) hit a new 52-week high and has $86.66 target or 8.00% above today’s $80.24 share price. The 9 months bullish chart indicates low risk for the $1.84B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $86.66 price target is reached, the company will be worth $147.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 25,365 shares traded hands. Stepan Company (NYSE:SCL) has risen 36.57% since April 21, 2016 and is uptrending. It has outperformed by 31.24% the S&P500.
Analysts await Stepan Company (NYSE:SCL) to report earnings on February, 22. They expect $0.69 earnings per share, down 6.76% or $0.05 from last year’s $0.74 per share. SCL’s profit will be $15.82M for 29.07 P/E if the $0.69 EPS becomes a reality. After $1.06 actual earnings per share reported by Stepan Company for the previous quarter, Wall Street now forecasts -34.91% 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. Seaport Global maintained the stock with “Neutral” rating in Wednesday, August 24 report. The rating was upgraded by National Bank Canada on Monday, August 15 to “Outperform”.
According to Zacks Investment Research, “Stepan Company produces specialty and intermediate chemicals which are sold to other manufacturers and then made into a variety of end products. They have three reportable segments: surfactants, polymers and specialty products.”
Insitutional Activity: The institutional sentiment increased to 1.75 in Q2 2016. Its up 0.44, from 1.31 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.
Art Advsrs Ltd Liability Com accumulated 0.04% or 14,348 shares. Blackrock Fund owns 1.23 million shares or 0.02% of their US portfolio. The Connecticut-based Zebra Capital Mgmt has invested 0.36% in Stepan Company (NYSE:SCL). Ny State Common Retirement Fund accumulated 30,674 shares or 0% of the stock. Metropolitan Life Ins Communication Ny holds 0.01% or 13,732 shares in its portfolio. Acadian Asset Mngmt Ltd Liability Corporation last reported 168,262 shares in the company. Systematic Financial Mgmt Lp has invested 0.02% of its portfolio in Stepan Company (NYSE:SCL). New Amsterdam Prtn Ltd Liability Com New York last reported 0.72% of its portfolio in the stock. Pnc Service Grp Incorporated holds 1,293 shares or 0% of its portfolio. Voya Management Limited Liability Co has 0% invested in the company for 12,829 shares. Teachers Retirement Sys Of The State Of Kentucky has 0.01% invested in the company for 7,900 shares. Cornercap Inv Counsel has invested 0.11% of its portfolio in Stepan Company (NYSE:SCL). Gsa Cap Prtn Llp has invested 0.08% of its portfolio in Stepan Company (NYSE:SCL). Stevens Capital Management L P owns 7,652 shares or 0.02% of their US portfolio. Wellington Mngmt Gru Ltd Liability Partnership holds 0% of its portfolio in Stepan Company (NYSE:SCL) for 67,521 shares.
Insider Transactions: Since June 8, 2016, the stock had 0 insider purchases, and 17 insider sales for $5.06 million net activity. 1,750 Stepan Company (NYSE:SCL) shares with value of $114,080 were sold by PACHOLEC FRANK. $61,400 worth of Stepan Company (NYSE:SCL) shares were sold by Servatius Gregory. 9,368 Stepan Company (NYSE:SCL) shares with value of $600,489 were sold by MASON SCOTT C. $77,632 worth of Stepan Company (NYSE:SCL) was sold by Stefaniak Debra. Another trade for 2,438 shares valued at $170,232 was sold by Mergner Arthur W. $2.03M worth of Stepan Company (NYSE:SCL) shares were sold by STEPAN F QUINN JR.
More important recent Stepan Company (NYSE:SCL) news were published by: Prnewswire.com which released: “Stepan Company Announces Changes to Board of Directors” on October 20, 2016, also Prnewswire.com published article titled: “Stepan Increases Quarterly Cash Dividend, Marking the Forty-Ninth Consecutive …”, Reuters.com published: “BRIEF-Stepan company announces changes to board of directors” on October 20, 2016. More interesting news about Stepan Company (NYSE:SCL) was released by: Prnewswire.com and their article: “Stepan Company Announces Appointment of New Company Director” with publication date: October 21, 2015.
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.
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