Stifel Nicolaus analyst Vincent Anderson maintained a Buy rating on Stepan Company (SCL – Research Report) yesterday and set a price target of $141.00. The company’s shares closed yesterday at $112.12.
According to TipRanks, Anderson is a 5-star analyst with an average return of 22.3% and a 65.12% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Huntsman, Mosaic Co, and AdvanSix.
The analyst consensus on Stepan Company is currently a Hold rating.
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Based on Stepan Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $719.19 million and a net profit of $39.38 million. In comparison, last year the company earned a revenue of $602.69 million and had a net profit of $36.92 million
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SCL in relation to earlier this year.
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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.
