Price Action to Note: Is Buying All-time Stock Like Stepan Company a Winning Strategy?

Price Action to Note: Is Buying All time Stock Like Stepan Company a Winning Strategy?

The stock of Stepan Company (NYSE:SCL) reached all time high today, Nov, 29 and still has $84.66 target or 4.00% above today’s $81.40 share price. This indicates more upside for the $1.80B company. This technical setup was reported by Barchart.com. If the $84.66 PT is reached, the company will be worth $72.00M 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 66,395 shares traded hands. Stepan Company (NYSE:SCL) has risen 26.48% since April 26, 2016 and is uptrending. It has outperformed by 21.22% 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 $15.26M for 29.49 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. The firm earned “Outperform” rating on Monday, August 15 by National Bank Canada. The firm has “Neutral” rating given on Wednesday, August 24 by Seaport Global.

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.
Goldman Sachs Inc last reported 81,637 shares in the company. Cornerstone Cap Management Lc has 0.03% invested in the company for 54,758 shares. Cornercap Counsel Incorporated accumulated 9,345 shares or 0.11% of the stock. Franklin Resources owns 289,610 shares or 0.01% of their US portfolio. Aqr Capital Mgmt Ltd Liability Corp has 0.01% invested in the company for 55,213 shares. Vanguard Grp Inc accumulated 0.01% or 1.88M shares. Blackrock Fund Advsrs last reported 0.02% of its portfolio in the stock. Zebra Management Ltd Company has 0.36% invested in the company for 17,620 shares. Parametric Associate Llc holds 59,281 shares or 0.01% of its portfolio. Quantum Cap Management Ltd Liability Corporation Nj last reported 3,363 shares in the company. Martingale Asset Management Lp, a Massachusetts-based fund reported 34,085 shares. New York State Teachers Retirement Sys has 0.01% invested in the company for 40,885 shares. Moreover, Aperio Limited Com has 0.01% invested in Stepan Company (NYSE:SCL) for 10,805 shares. Tudor Inv Corp Et Al last reported 11,980 shares in the company. Legal & General Gru Public Lc last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 8, 2016, the stock had 0 buys, and 17 insider sales for $5.06 million net activity. Servatius Gregory had sold 1,466 shares worth $90,692 on Tuesday, July 12. 1,500 shares were sold by PACHOLEC FRANK, worth $108,000 on Wednesday, September 7. Shares for $170,232 were sold by Mergner Arthur W on Tuesday, November 1. MASON SCOTT C had sold 9,368 shares worth $600,489. 1,000 shares were sold by Stefaniak Debra, worth $77,632 on Friday, November 18. STEPAN F QUINN JR also sold $2.03 million worth of Stepan Company (NYSE:SCL) on Thursday, July 21.

More news for Stepan Company (NYSE:SCL) were recently published by: Prnewswire.com, which released: “Stepan Company Announces Changes to Board of Directors” on October 20, 2016. Reuters.com‘s article titled: “BRIEF-Stepan company announces changes to board of directors” and published on October 20, 2016 is yet another important article.

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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