Stifel Nicolaus analyst Vincent Anderson maintained a Buy rating on Stepan Company (SCL – Research Report) yesterday and set a price target of $116.00. The company’s shares closed yesterday at $95.82.
Anderson covers the Basic Materials sector, focusing on stocks such as Mosaic Co, CF Holdings, and Nutrien. According to TipRanks, Anderson has an average return of 16.6% and a 58.57% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Stepan Company with a $124.00 average price target.
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The company has a one-year high of $115.11 and a one-year low of $86.77. Currently, Stepan Company has an average volume of 137.8K.
Based on the recent corporate insider activity of 52 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.
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