Stepan Co. (SCL) Given Consensus Rating of “Hold” by Analysts
Shares of Stepan Co. (NYSE:SCL) have been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the company. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $44.50.
SCL has been the subject of several research reports. National Bank Financial upgraded shares of Stepan from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $32.00 to $37.00 in a report on Monday, August 15th. Zacks Investment Research upgraded shares of Stepan from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Friday, July 8th. TD Securities decreased their price objective on shares of Stepan from $39.00 to $37.00 and set a “buy” rating for the company in a report on Friday, August 12th. Finally, Seaport Global Securities upped their price objective on shares of Stepan from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, August 24th.
In related news, VP Gregory Servatius sold 1,400 shares of the stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $62.86, for a total value of $88,004.00. Following the completion of the transaction, the vice president now directly owns 24,731 shares in the company, valued at approximately $1,554,590.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO F Quinn Stepan, Jr. sold 32,000 shares of the stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $63.46, for a total transaction of $2,030,720.00. Following the completion of the transaction, the chief executive officer now owns 157,247 shares of the company’s stock, valued at $9,978,894.62. The disclosure for this sale can be found here. 14.40% of the stock is currently owned by corporate insiders.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/18/stepan-co-scl-given-consensus-rating-of-hold-by-analysts.html
Hedge funds and other institutional investors have recently modified their holdings of the company. Foundry Partners LLC acquired a new position in shares of Stepan during the second quarter valued at about $6,704,000. Vanguard Group Inc. increased its stake in shares of Stepan by 5.5% in the second quarter. Vanguard Group Inc. now owns 1,880,554 shares of the company’s stock valued at $111,951,000 after buying an additional 98,079 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Stepan by 19.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 578,114 shares of the company’s stock valued at $31,964,000 after buying an additional 93,432 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Stepan by 126.7% in the second quarter. JPMorgan Chase & Co. now owns 140,378 shares of the company’s stock valued at $8,357,000 after buying an additional 78,442 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Stepan by 6.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,030,940 shares of the company’s stock valued at $61,371,000 after buying an additional 65,529 shares during the period. Institutional investors own 59.68% of the company’s stock.
Stepan (NYSE:SCL) traded up 10.35% on Tuesday, reaching $77.40. 109,598 shares of the company traded hands. The company has a market capitalization of $1.73 billion, a PE ratio of 19.01 and a beta of 1.17. The stock’s 50 day moving average price is $71.43 and its 200 day moving average price is $63.68. Stepan has a one year low of $41.42 and a one year high of $77.62.
Stepan (NYSE:SCL) last announced its quarterly earnings results on Tuesday, October 18th. The company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $1.15. The business earned $445.03 million during the quarter, compared to analysts’ expectations of $444.65 million. Stepan had a net margin of 5.29% and a return on equity of 16.78%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 EPS. On average, equities research analysts predict that Stepan will post $4.30 EPS for the current fiscal year.
Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a variety of end products. The Company has three segments: Surfactants, Polymers and Specialty Products. 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.
Receive News & Ratings for Stepan Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stepan Co. and related companies with MarketBeat.com's FREE daily email newsletter.