Stepan (NYSE:SCL) Receives $38.75 Average Price Target from Analysts

Shares of Stepan (NYSE:SCL) have been assigned an average rating of “Hold” from the six research firms that are currently covering the stock, reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $38.75.

Several research firms have recently weighed in on SCL. BMO Capital Markets dropped their target price on shares of Stepan from $28.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Scotiabank downgraded shares of Stepan to a “sector underperform” rating and set a $20.00 price target for the company. in a research report on Tuesday, August 13th. Finally, Zacks Investment Research lowered shares of Stepan from a “hold” rating to a “sell” rating in a research note on Friday, October 25th.

In other Stepan news, Director Gregory E. Lawton sold 1,290 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $99.75, for a total value of $128,677.50. Following the transaction, the director now owns 16,025 shares in the company, valued at approximately $1,598,493.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Arthur W. Mergner sold 3,803 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $99.20, for a total transaction of $377,257.60. Insiders have sold 9,437 shares of company stock worth $932,361 over the last three months. 11.40% of the stock is owned by insiders.

Several large investors have recently modified their holdings of SCL. Point72 Asset Management L.P. purchased a new position in shares of Stepan during the 2nd quarter valued at $28,000. FMR LLC raised its holdings in shares of Stepan by 189.0% during the first quarter. FMR LLC now owns 341 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 223 shares in the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Stepan during the second quarter worth $58,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Stepan during the second quarter worth $66,000. Finally, Point72 Hong Kong Ltd boosted its position in Stepan by 51.9% during the second quarter. Point72 Hong Kong Ltd now owns 770 shares of the basic materials company’s stock valued at $71,000 after purchasing an additional 263 shares during the last quarter. 73.99% of the stock is owned by institutional investors.

SCL traded up $0.79 during trading on Friday, reaching $97.78. The company had a trading volume of 80,904 shares, compared to its average volume of 82,450. The firm’s 50-day simple moving average is $97.49 and its 200 day simple moving average is $94.26. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 20.04 and a beta of 1.29. Stepan has a 12-month low of $69.17 and a 12-month high of $101.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.03 and a current ratio of 2.72.

Stepan (NYSE:SCL) last posted its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. Stepan had a net margin of 5.75% and a return on equity of 14.10%. The company had revenue of $451.60 million during the quarter, compared to analyst estimates of $489.40 million. During the same period in the prior year, the firm earned $1.11 earnings per share. The business’s quarterly revenue was down 11.1% on a year-over-year basis. On average, sell-side analysts expect that Stepan will post 4.89 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.275 per share. This is an increase from Stepan’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, November 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.12%. Stepan’s payout ratio is currently 22.54%.

About Stepan

Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products in North America, Europe, Latin America, and Asia. The company operates through three segments: Surfactants, Polymers, and Specialty Products.

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