Stepan (SCL) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Stepan (NYSE:SCL) from a hold rating to a buy rating in a report published on Friday morning.

Separately, Zacks Investment Research cut shares of Stepan from a hold rating to a sell rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Stepan currently has a consensus rating of Hold and an average price target of $35.60.

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Shares of Stepan stock opened at $87.62 on Friday. The firm has a market cap of $1,935.31, a PE ratio of 18.84 and a beta of 1.09. Stepan has a 1-year low of $68.75 and a 1-year high of $92.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.92 and a current ratio of 2.46.

Stepan (NYSE:SCL) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.39. The business had revenue of $473.82 million for the quarter, compared to analysts’ expectations of $457.95 million. Stepan had a net margin of 4.76% and a return on equity of 15.20%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 EPS. equities analysts expect that Stepan will post 5.17 EPS for the current fiscal year.

In related news, VP Arthur W. Mergner sold 1,734 shares of Stepan stock in a transaction on Friday, March 9th. The shares were sold at an average price of $85.00, for a total transaction of $147,390.00. Following the transaction, the vice president now owns 11,567 shares in the company, valued at approximately $983,195. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Jennifer Ansbro Hale sold 2,044 shares of Stepan stock in a transaction on Monday, February 26th. The shares were sold at an average price of $77.25, for a total transaction of $157,899.00. Following the transaction, the vice president now owns 6,131 shares in the company, valued at approximately $473,619.75. The disclosure for this sale can be found here. Insiders have sold a total of 48,023 shares of company stock worth $3,958,109 in the last quarter. Corporate insiders own 12.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. OxFORD Asset Management LLP lifted its stake in shares of Stepan by 71.1% during the 3rd quarter. OxFORD Asset Management LLP now owns 5,612 shares of the basic materials company’s stock valued at $470,000 after buying an additional 2,333 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Stepan by 33.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 97,933 shares of the basic materials company’s stock valued at $8,224,000 after buying an additional 24,579 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Stepan by 6.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 84,180 shares of the basic materials company’s stock valued at $6,648,000 after buying an additional 5,400 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Stepan by 14.6% during the 4th quarter. Rhumbline Advisers now owns 51,681 shares of the basic materials company’s stock valued at $4,081,000 after buying an additional 6,598 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of Stepan by 8.4% during the 4th quarter. Two Sigma Advisers LP now owns 29,567 shares of the basic materials company’s stock valued at $2,335,000 after buying an additional 2,300 shares in the last quarter. Institutional investors own 65.65% of the company’s stock.

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Stepan Company Profile

Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide. The company operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used as principal ingredients in consumer and industrial cleaning products, including detergents for washing clothes, dishes, carpets, and floors and walls, as well as shampoos and body washes; and other applications, such as fabric softeners, germicidal quaternary compounds, and lubricating ingredients.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Stepan (NYSE:SCL)

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