In a report released yesterday, Vincent Anderson from Stifel Nicolaus maintained a Buy rating on Stepan Company (SCL – Research Report), with a price target of $104.00. The company’s shares closed yesterday at $85.58.
According to TipRanks, Anderson is a 4-star analyst with an average return of 7.3% and a 47.25% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Eastman Chemical, Mosaic Co, and Cf Industries Holdings.
Currently, the analyst consensus on Stepan Company is a Moderate Buy with an average price target of $104.00.
The company has a one-year high of $99.17 and a one-year low of $63.04. Currently, Stepan Company has an average volume of 75.02K.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2024, Quinn F. Jr. Stepan, a Director at SCL sold 10,000.00 shares for a total of $897,706.63.
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Stepan Company (SCL) Company Description:
Stepan Co. engages in the manufacture and sale of specialty and intermediate chemicals. It operates through the following segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers a range of surfactant chemicals such as anionic, cationic, nonionic, and amphoteric surfactants. The Polymers segment produces polyester polyols and phthalic anhydride. The Specialty Products are chemicals used in food, flavoring, nutritional supplement and pharmaceutical applications. The company was founded by Alfred C. Stepan Jr. in 1932 and is headquartered in Northfield, IL.
