The stock of Stepan Company (NYSE:SCL) reached all time high today, Nov, 24 and still has $86.15 target or 8.00% above today’s $79.77 share price. This indicates more upside for the $1.78 billion company. This technical setup was reported by Barchart.com. If the $86.15 PT is reached, the company will be worth $142.40M 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. The stock decreased 0.28% or $0.22 on November 23, hitting $79.77. Stepan Company (NYSE:SCL) has risen 34.47% since April 22, 2016 and is uptrending. It has outperformed by 29.06% 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 $15.40 million for 28.90 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. National Bank Canada upgraded the shares of SCL in a report on Monday, August 15 to “Outperform” rating.
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.
Envestnet Asset Mngmt last reported 0% of its portfolio in the stock. New York State Teachers Retirement Sys, a New York-based fund reported 40,885 shares. Great West Life Assurance Company Can owns 2,768 shares or 0% of their US portfolio. Bankshares Of Montreal Can has 40,211 shares for 0% of their US portfolio. Moreover, Ameriprise has 0% invested in Stepan Company (NYSE:SCL) for 139,684 shares. Millennium Mgmt Limited Liability has invested 0.01% of its portfolio in Stepan Company (NYSE:SCL). Brown Brothers Harriman & last reported 600 shares in the company. Texas Permanent School Fund last reported 13,995 shares in the company. Gemmer Asset Limited Company has invested 0% of its portfolio in Stepan Company (NYSE:SCL). Deutsche Fincl Bank Ag holds 0% or 31,393 shares in its portfolio. The Michigan-based Comerica Bancorporation has invested 0.01% in Stepan Company (NYSE:SCL). Schwab Charles Investment Mgmt holds 0.01% of its portfolio in Stepan Company (NYSE:SCL) for 122,694 shares. Of Vermont accumulated 60 shares or 0% of the stock. Voya Inv Mngmt Ltd Liability Corporation accumulated 0% or 12,829 shares. Tiaa Cref Investment Mngmt Ltd Com holds 99,376 shares or 0% of its portfolio.
Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 17 selling transactions for $5.06 million net activity. $88,000 worth of shares were sold by Servatius Gregory on Monday, July 18. PACHOLEC FRANK sold 1,500 shares worth $105,000. The insider STEPAN F QUINN JR sold $2.03 million. MASON SCOTT C sold 9,368 shares worth $600,489. Another trade for 2,438 shares valued at $170,232 was sold by Mergner Arthur W. Stefaniak Debra had sold 1,000 shares worth $77,632 on Friday, November 18.
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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