Breaking: What’s Stepan Company Upside After Reaching All Time High?

Breaking: What's Stepan Company Upside After Reaching All Time High?

The stock of Stepan Company (NYSE:SCL) reached all time high today, Oct, 10 and still has $123.16 target or 67.00% above today’s $73.75 share price. This indicates more upside for the $1.62 billion company. This technical setup was reported by If the $123.16 PT is reached, the company will be worth $1.09 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 42,145 shares traded hands. Stepan Company (NYSE:SCL) has risen 35.67% since March 7, 2016 and is uptrending. It has outperformed by 28.08% the S&P500.

Analysts await Stepan Company (NYSE:SCL) to report earnings on October, 19. They expect $0.97 EPS, up 5.43% or $0.05 from last year’s $0.92 per share. SCL’s profit will be $21.31M for 19.01 P/E if the $0.97 EPS becomes a reality. After $1.31 actual EPS reported by Stepan Company for the previous quarter, Wall Street now forecasts -25.95% negative EPS growth.

Stepan Company (NYSE:SCL) Ratings Coverage

Out of 5 analysts covering Stepan Co (NYSE:SCL), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Stepan Co has been the topic of 6 analyst reports since August 26, 2015 according to StockzIntelligence Inc. National Bank Canada upgraded the shares of SCL in a report on Monday, August 15 to “Outperform” rating. On Wednesday, August 24 the stock rating was maintained by Seaport Global with “Neutral”.

According to Zacks Investment Research, “Stepan Company produces specialty and intermediate chemicals which are sold to other manufacturers and then made into a variety of end products. They have three reportable segments: surfactants, polymers and specialty products.”

Insitutional Activity: The institutional sentiment increased to 1.31 in 2016 Q2. Its up 0.22, from 1.09 in 2016Q1. The ratio is positive, as 16 funds sold all Stepan Company shares owned while 46 reduced positions. 16 funds bought stakes while 65 increased positions. They now own 13.20 million shares or 0.73% more from 13.10 million shares in 2016Q1.
Tudor Et Al holds 11,980 shares or 0.02% of its portfolio. Raymond James Assoc holds 0% or 13,956 shares in its portfolio. First Tru Lp has 24,436 shares for 0% of their US portfolio. Citigroup Inc accumulated 9,609 shares or 0% of the stock. Blackrock Institutional Tru Na holds 0.01% or 639,048 shares in its portfolio. Da Davidson Co holds 400 shares or 0% of its portfolio. Arrowstreet Cap Lp holds 131,272 shares or 0.03% of its portfolio. Zpr Invest Mngmt accumulated 23,865 shares or 2.69% of the stock. Matarin Capital Management Lc owns 100,988 shares or 0% of their US portfolio. Royal Commercial Bank Of Canada reported 5,263 shares or 0% of all its holdings. The United Kingdom-based Gsa Partners Limited Liability Partnership has invested 0.08% in Stepan Company (NYSE:SCL). Moreover, New York State Common Retirement Fund has 0% invested in Stepan Company (NYSE:SCL) for 30,674 shares. Hillsdale Investment Mngmt owns 7,070 shares or 0.12% of their US portfolio. Susquehanna Grp Llp accumulated 0% or 18,000 shares. Prudential has 268,674 shares for 0.03% of their US portfolio.

Insider Transactions: Since April 14, 2016, the stock had 0 buys, and 18 insider sales for $7.43 million net activity. Another trade for 1,500 shares valued at $108,000 was made by PACHOLEC FRANK on Wednesday, September 7. STEPAN F QUINN JR had sold 31,538 shares worth $1.84M. Servatius Gregory sold $361,855 worth of stock or 5,438 shares. Mergner Arthur W also sold $275,315 worth of Stepan Company (NYSE:SCL) on Friday, April 29. 9,368 shares were sold by MASON SCOTT C, worth $600,489 on Tuesday, July 26. STEPAN F QUINN sold $835,088 worth of stock or 13,400 shares.

More notable recent Stepan Company (NYSE:SCL) news were published by: which released: “Stepan to present at the KeyBanc Capital Markets Basic Materials & Packaging …” on September 06, 2016, also with their article: “Why Earnings Season Could Be Great for Stepan Company (SCL)” published on July 19, 2016, published: “Stepan Company Announces Appointment of New Company Director” on October 21, 2015. More interesting news about Stepan Company (NYSE:SCL) were released by: and their article: “Stepan Signs Long-Term Surfactant Supply Agreement and Asset Purchase Agreement” published on July 09, 2015 as well as‘s news article titled: “Stepan Completes Purchase of Sulfonation Production Facility in Brazil” with publication date: June 15, 2015.

SCL Company Profile

Stepan Company, incorporated on February 19, 1959, produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a variety of end products. The Firm has three divisions: 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, plastics, furniture, automotive equipment, insulation and refrigeration.

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