Brokerages Set Stepan (SCL) PT at $35.60

Shares of Stepan (NYSE:SCL) have been given a consensus rating of “Hold” by the ten research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $35.60.

SCL has been the subject of several recent analyst reports. Scotiabank upgraded Stepan from an “underperform” rating to a “sector perform” rating and set a $32.00 price objective for the company in a research report on Tuesday, November 14th. Zacks Investment Research downgraded Stepan from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. National Bank Financial upgraded Stepan from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $27.00 to $35.00 in a research report on Wednesday, October 11th. Finally, TD Securities reiterated a “buy” rating and issued a $33.00 target price on shares of Stepan in a research report on Sunday, September 24th.

In other news, VP Debra Stefaniak sold 818 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $82.66, for a total transaction of $67,615.88. Following the completion of the transaction, the vice president now directly owns 6,616 shares in the company, valued at $546,878.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Frank Pacholec sold 832 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $80.55, for a total value of $67,017.60. Following the transaction, the vice president now owns 49,429 shares of the company’s stock, valued at $3,981,505.95. The disclosure for this sale can be found here. Insiders sold 2,650 shares of company stock valued at $215,793 over the last quarter. Corporate insiders own 13.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of SCL. Advisor Group Inc. raised its position in shares of Stepan by 455.2% during 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 last quarter. Acrospire Investment Management LLC raised its position in shares of Stepan by 224.9% during 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 last quarter. Victory Capital Management Inc. raised its position in shares of Stepan by 17.6% during 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 last quarter. Amalgamated Bank grew its stake in Stepan by 3.9% during 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 during the period. Finally, Suntrust Banks Inc. grew its stake in Stepan by 4.7% during 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 during the period. Institutional investors own 63.19% of the company’s stock.

Shares of Stepan (NYSE SCL) traded down $0.44 during mid-day trading on Tuesday, hitting $79.31. The company had a trading volume of 156,380 shares, compared to its average volume of 73,540. The company has a current ratio of 2.64, a quick ratio of 2.08 and a debt-to-equity ratio of 0.38. Stepan has a twelve month low of $68.51 and a twelve month high of $92.97. The company has a market cap of $1,790.00, a P/E ratio of 20.18 and a beta of 1.30.

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 the consensus estimate of $1.09 by ($0.17). Stepan had a return on equity of 13.98% and a net margin of 4.81%. The business had revenue of $487.81 million for the quarter, compared to the consensus estimate of $469.75 million. During the same quarter in the prior year, the company earned $1.06 earnings per share. Stepan’s quarterly revenue was up 9.6% compared to the same quarter last year. analysts anticipate that Stepan will post 4.3 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This is an increase from Stepan’s previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a yield of 1.13%. Stepan’s dividend payout ratio (DPR) is currently 22.90%.

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Stepan Company Profile

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.

Analyst Recommendations for Stepan (NYSE:SCL)

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