National Bank Financial Increases Stepan Company (SCL) Price Target to $36.00
Stepan Company (NYSE:SCL) had its target price increased by investment analysts at National Bank Financial from $35.00 to $36.00 in a research report issued to clients and investors on Monday. National Bank Financial’s price target indicates a potential downside of 54.44% from the company’s current price.
Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Stepan from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. BidaskClub downgraded shares of Stepan from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. TD Securities restated a “buy” rating and set a $33.00 price objective on shares of Stepan in a report on Sunday, September 24th. BMO Capital Markets decreased their price objective on shares of Stepan from $42.00 to $36.00 in a report on Monday, August 14th. Finally, Wellington Shields downgraded shares of Stepan from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $35.60.
Shares of Stepan (NYSE:SCL) opened at $79.02 on Monday. The company has a market cap of $1,802.03, a PE ratio of 19.42 and a beta of 1.28. The company has a quick ratio of 2.08, a current ratio of 2.64 and a debt-to-equity ratio of 0.38. Stepan has a 1-year low of $68.51 and a 1-year high of $92.97.
Stepan (NYSE:SCL) last announced its earnings results on Wednesday, October 25th. The basic materials company reported $0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.17). The firm had revenue of $487.81 million during the quarter, compared to analysts’ expectations of $469.75 million. Stepan had a net margin of 4.81% and a return on equity of 13.98%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 EPS. sell-side analysts expect that Stepan will post 4.3 EPS for the current year.
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In related news, VP Frank Pacholec sold 1,500 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $80.10, for a total transaction of $120,150.00. Following the completion of the sale, the vice president now owns 49,014 shares in the company, valued at $3,926,021.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Arthur W. Mergner sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $81.16, for a total transaction of $81,160.00. Following the sale, the vice president now owns 2,960 shares of the company’s stock, valued at approximately $240,233.60. The disclosure for this sale can be found here. Insiders have sold 6,371 shares of company stock valued at $509,657 in the last 90 days. 13.10% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of SCL. Advisor Group Inc. increased its stake in shares of Stepan by 455.2% in the second quarter. Advisor Group Inc. now owns 1,177 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 965 shares in the last quarter. Acrospire Investment Management LLC increased its stake in shares of Stepan by 224.9% in the second quarter. Acrospire Investment Management LLC now owns 1,589 shares of the basic materials company’s stock worth $138,000 after purchasing an additional 1,100 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Stepan by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,254 shares of the basic materials company’s stock worth $196,000 after purchasing an additional 337 shares in the last quarter. Amalgamated Bank increased its stake in shares of Stepan by 3.9% in the second quarter. Amalgamated Bank now owns 2,757 shares of the basic materials company’s stock worth $240,000 after purchasing an additional 104 shares in the last quarter. Finally, Suntrust Banks Inc. increased its stake in shares of Stepan by 4.7% in the second quarter. Suntrust Banks Inc. now owns 3,275 shares of the basic materials company’s stock worth $285,000 after purchasing an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 61.91% of the company’s stock.
Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a range of end products. The Company operates through three segments: 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 and plastics.
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