Analysts Set Stepan (SCL) Price Target at $35.60
Stepan (NYSE:SCL) has earned a consensus rating of “Hold” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $35.60.
Several analysts have commented on SCL shares. Zacks Investment Research downgraded shares of Stepan from a “hold” rating to a “sell” rating in a research report on Thursday, February 1st. Scotiabank raised shares of Stepan from an “underperform” rating to a “sector perform” rating and set a $32.00 price objective for the company in a report on Tuesday, November 14th. Finally, National Bank Financial upped their price objective on shares of Stepan from $35.00 to $36.00 in a report on Monday, November 13th.
Stepan (NYSE SCL) traded up $1.57 during mid-day trading on Friday, reaching $71.09. 85,242 shares of the company’s stock traded hands, compared to its average volume of 85,842. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.64 and a quick ratio of 2.08. The company has a market capitalization of $1,640.00, a P/E ratio of 18.09 and a beta of 1.23. Stepan has a 12 month low of $68.51 and a 12 month high of $92.97.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. boosted its holdings in shares of Stepan by 455.2% during the 2nd quarter. Advisor Group Inc. now owns 1,177 shares of the basic materials company’s stock worth $102,000 after buying an additional 965 shares during the period. CIBC Asset Management Inc bought a new stake in shares of Stepan during the 4th quarter worth $209,000. Amalgamated Bank boosted its holdings in shares of Stepan by 3.9% during the 2nd quarter. Amalgamated Bank now owns 2,757 shares of the basic materials company’s stock worth $240,000 after buying an additional 104 shares during the period. Suntrust Banks Inc. boosted its holdings in shares of Stepan by 4.7% during the 2nd quarter. Suntrust Banks Inc. now owns 3,275 shares of the basic materials company’s stock worth $285,000 after buying an additional 146 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Stepan by 42.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 3,759 shares of the basic materials company’s stock worth $314,000 after buying an additional 1,111 shares during the period. 63.23% of the stock is owned by institutional investors and hedge funds.
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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.
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