National Bank Financial Boosts Stepan Company (SCL) Price Target to $36.00
Stepan Company (NYSE:SCL) had its price objective upped by investment analysts at National Bank Financial from $35.00 to $36.00 in a report issued on Monday. National Bank Financial’s price target would indicate a potential downside of 54.69% from the company’s current price.
A number of other brokerages have also weighed in on SCL. Wellington Shields lowered shares of Stepan from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research lowered shares of Stepan from a “hold” rating to a “sell” rating in a report on Friday, October 20th. TD Securities reissued a “buy” rating and set a $33.00 price objective on shares of Stepan in a report on Sunday, September 24th. BidaskClub lowered shares of Stepan from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, BMO Capital Markets dropped their price objective on shares of Stepan from $42.00 to $36.00 in a report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $36.50.
Stepan (NYSE:SCL) traded down $0.44 during midday trading on Monday, reaching $79.45. 50,400 shares of the company’s stock traded hands, compared to its average volume of 73,866. 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 fifty-two week low of $68.51 and a fifty-two week high of $92.97. The stock has a market capitalization of $1,789.42, a price-to-earnings ratio of 19.28 and a beta of 1.28.
Stepan (NYSE:SCL) last announced its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The company had revenue of $487.81 million for 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%. Stepan’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned $1.06 earnings per share. analysts forecast that Stepan will post 4.3 EPS for the current year.
In related news, VP Frank Pacholec sold 1,500 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $81.60, for a total transaction of $122,400.00. Following the completion of the transaction, the vice president now directly owns 48,597 shares in the company, valued at $3,965,515.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Arthur W. Mergner sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $81.16, for a total transaction of $81,160.00. Following the transaction, the vice president now owns 2,960 shares of the company’s stock, valued at $240,233.60. The disclosure for this sale can be found here. Insiders have sold 22,371 shares of company stock valued at $1,778,037 over the last 90 days. 13.10% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. Advisor Group Inc. raised its position 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 acquiring an additional 965 shares during the period. Acrospire Investment Management LLC raised its position 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 acquiring an additional 1,100 shares during the period. Victory Capital Management Inc. raised its position 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 acquiring an additional 337 shares during the period. Amalgamated Bank raised its position 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 acquiring an additional 104 shares during the period. Finally, Suntrust Banks Inc. raised its position 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 acquiring an additional 146 shares during the period. Institutional investors and hedge funds 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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