Shares of Stepan (NYSE:SCL) have been assigned an average rating of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $35.60.
A number of research firms have recently issued reports on SCL. Zacks Investment Research upgraded shares of Stepan from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 2nd. National Bank Financial boosted their price target on shares of Stepan from $35.00 to $36.00 in a report on Monday, November 13th. Finally, Scotiabank upgraded shares of Stepan from an “underperform” rating to a “sector perform” rating and set a $32.00 price target on the stock in a report on Tuesday, November 14th.
Stepan (NYSE SCL) traded up $1.57 during mid-day trading on Friday, hitting $71.09. 85,242 shares of the stock were exchanged, compared to its average volume of 85,842. Stepan has a twelve month low of $68.51 and a twelve month high of $92.97. 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 firm has a market capitalization of $1,640.00, a price-to-earnings ratio of 18.09 and a beta of 1.23.
In other Stepan news, VP Debra Stefaniak sold 818 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $82.66, for a total value of $67,615.88. Following the transaction, the vice president now owns 6,616 shares in the company, valued at approximately $546,878.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 13.10% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. increased its stake in Stepan by 455.2% in the 2nd quarter. Advisor Group Inc. now owns 1,177 shares of the basic materials company’s stock valued at $102,000 after buying an additional 965 shares during the period. CIBC Asset Management Inc acquired a new position in Stepan in the 4th quarter valued at approximately $209,000. Amalgamated Bank increased its stake in Stepan by 3.9% in the 2nd quarter. Amalgamated Bank now owns 2,757 shares of the basic materials company’s stock valued at $240,000 after buying an additional 104 shares during the period. Suntrust Banks Inc. increased its stake in Stepan by 4.7% in the 2nd quarter. Suntrust Banks Inc. now owns 3,275 shares of the basic materials company’s stock valued at $285,000 after buying an additional 146 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in Stepan by 42.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 3,759 shares of the basic materials company’s stock valued at $314,000 after buying an additional 1,111 shares during the period. Hedge funds and other institutional investors own 63.23% of the company’s stock.
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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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