Stepan Company (SCL)’s Trend Up, Especially After Forming a Bullish Wedge Up

July 18, 2017 - By Dolores Ford

Investors sentiment decreased to 0.81 in 2016 Q4. Its down 0.94, from 1.75 in 2016Q3. It turned negative, as 15 investors sold Stepan Company shares while 73 reduced holdings. 24 funds opened positions while 47 raised stakes. 13.59 million shares or 0.02% less from 13.59 million shares in 2016Q3 were reported.
New Amsterdam Ltd Liability Co stated it has 59,346 shares. Principal Grp Inc holds 0.02% of its portfolio in Stepan Company (NYSE:SCL) for 156,838 shares. Virginia Retirement Et Al has 0.02% invested in Stepan Company (NYSE:SCL). Cap Fincl Advisers accumulated 2,802 shares. Citigroup Inc holds 0% in Stepan Company (NYSE:SCL) or 41,224 shares. Hsbc Hldg Plc invested in 0% or 4,278 shares. 2,110 are owned by State Of Alaska Department Of Revenue. Blackrock Mgmt Ltd Limited Liability Company invested 0.01% in Stepan Company (NYSE:SCL). Prelude Cap Lc, New York-based fund reported 4,643 shares. California Pub Employees Retirement System has 0.01% invested in Stepan Company (NYSE:SCL). Gemmer Asset Limited Liability reported 90 shares or 0% of all its holdings. Voya Investment Mngmt Llc stated it has 20,828 shares. Moreover, Capstone Asset Co has 0.01% invested in Stepan Company (NYSE:SCL). Profund Advisors Limited Liability holds 3,747 shares or 0.01% of its portfolio. Northern Trust Corp reported 262,816 shares stake.

Since February 21, 2017, it had 1 buying transaction, and 10 sales for $3.03 million activity. 14,348 shares were sold by STEPAN F QUINN JR, worth $1.23 million. 1,623 shares valued at $125,387 were sold by Behrens Scott R. on Tuesday, March 7. Another trade for 734 shares valued at $57,997 was made by Stefaniak Debra on Wednesday, March 1. The insider Mergner Arthur W sold $211,980. Another trade for 1,400 shares valued at $98,700 was made by Hale Jennifer Ansbro on Friday, February 24.

The stock of Stepan Company (SCL) formed an up wedge with $92.36 target or 4.00 % above today’s $88.81 share price. The 9 months wedge indicates low risk for the $2.01 billion company. If the $92.36 price target is reached, the company will be worth $80.40 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.85% or $0.75 on July 17, reaching $88.81. About shares traded. Stepan Company (NYSE:SCL) has risen 47.84% since July 18, 2016 and is uptrending. It has outperformed by 31.14% the S&P500.

Investors wait Stepan Company (NYSE:SCL) to report on July, 19. its quarterly earnings Wall Street analysts expect $1.34 EPS, up $0.03 or 2.29 % from last year’s $1.31 same quarter earnings. This translates into $30.33 million profit for SCL giving the stock a 16.57 P/E. This is assuming the current $1.34 EPS is accurate. Stepan Company’s Wall Street analysts see -1.47 % negative EPS growth, taking into account the $1.36 EPS reproted in the previous quarter,

Stepan Company (NYSE:SCL) Ratings Coverage

Among 6 analysts covering Stepan Co (NYSE:SCL), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Stepan Co had 10 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of Stepan Company (NYSE:SCL) earned “Neutral” rating by Seaport Global on Wednesday, August 24. National Bank Canada upgraded the shares of SCL in report on Monday, August 15 to “Outperform” rating. The stock of Stepan Company (NYSE:SCL) earned “Strong Buy” rating by Industrial Alliance Securities on Monday, May 29.

More important recent Stepan Company (NYSE:SCL) news were published by: Seekingalpha.com which released: “Stepan Company: An Unknown Opportunity” on May 15, 2017, also Prnewswire.com published article titled: “Stepan Reports Record Quarterly Earnings”, Prnewswire.com published: “Stepan Announces Agreement to Acquire a Surfactant Production Facility and a …” on June 13, 2017. More interesting news about Stepan Company (NYSE:SCL) was released by: Fool.com and their article: “Shares of Stepan Company Popped 9% After Record First-Quarter” with publication date: April 25, 2017.

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