The stock of Stepan Company (NYSE:SCL) reached all time high today, Nov, 16 and still has $106.65 target or 35.00% above today’s $79.00 share price. This indicates more upside for the $1.79B company. This technical setup was reported by Barchart.com. If the $106.65 PT is reached, the company will be worth $626.50M 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 36,741 shares traded hands. Stepan Company (NYSE:SCL) has risen 35.62% since April 14, 2016 and is uptrending. It has outperformed by 30.93% the S&P500.
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. Seaport Global maintained Stepan Company (NYSE:SCL) rating on Wednesday, August 24. Seaport Global has “Neutral” rating and $70 price target. National Bank Canada upgraded it to “Outperform” rating and $37 target price in Monday, August 15 report.
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 Q2 2016. Its up 0.22, from 1.09 in 2016Q1. The ratio increased, 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.
Employees Retirement System Of Texas accumulated 62,800 shares or 0.05% of the stock. Blackrock Institutional Tru Com Na, a California-based fund reported 639,048 shares. Us Savings Bank De holds 0% or 6,321 shares in its portfolio. The Delaware-based Dupont Cap Corporation has invested 0.01% in Stepan Company (NYSE:SCL). Barclays Plc, a United Kingdom-based fund reported 36 shares. Blackrock Inv Ltd accumulated 0.01% or 88,063 shares. Moreover, Tiaa Cref Investment Management Ltd Co has 0% invested in Stepan Company (NYSE:SCL) for 99,376 shares. Comerica Comml Bank has invested 0.01% of its portfolio in Stepan Company (NYSE:SCL). Zebra Capital Management Llc has 17,620 shares for 0.36% of their US portfolio. First Citizens Financial Bank And has 10,590 shares for 0.06% of their US portfolio. Wellington Mngmt Gru Llp holds 0% of its portfolio in Stepan Company (NYSE:SCL) for 67,521 shares. Nationwide Fund Advisors holds 0.01% of its portfolio in Stepan Company (NYSE:SCL) for 49,946 shares. Teachers Advisors last reported 0% of its portfolio in the stock. Susquehanna Intl Grp Ltd Liability Partnership holds 0% of its portfolio in Stepan Company (NYSE:SCL) for 18,000 shares. Blackrock Japan Limited last reported 1,516 shares in the company.
Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 16 selling transactions for $4.98 million net activity. 2,000 shares were sold by PACHOLEC FRANK, worth $130,000 on Thursday, July 21. Shares for $2.03M were sold by STEPAN F QUINN JR on Thursday, July 21. Another trade for 5,438 shares valued at $361,855 was sold by Servatius Gregory. 2,438 shares were sold by Mergner Arthur W, worth $170,232. MASON SCOTT C sold $600,489 worth of Stepan Company (NYSE:SCL) on Tuesday, July 26.
More notable recent Stepan Company (NYSE:SCL) news were published by: Prnewswire.com which released: “Stepan Company Announces Changes to Board of Directors” on October 20, 2016, also Prnewswire.com with their article: “Stepan Increases Quarterly Cash Dividend, Marking the Forty-Ninth Consecutive …” published on October 18, 2016, Prnewswire.com published: “Stepan Company Announces Appointment of New Company Director” on October 21, 2015. More interesting news about Stepan Company (NYSE:SCL) were released by: Reuters.com and their article: “BRIEF-Stepan company announces changes to board of directors” published on October 20, 2016 as well as Prnewswire.com‘s news article titled: “Stepan Announces Agreement to Acquire a Commercial Business and Sulfonation …” with publication date: July 20, 2016.
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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