What’s Stepan Company (SCL) Upside After Forming Bullish Wedge Up Pattern?

July 18, 2017 - By Vivian Currie

Investors sentiment decreased to 0.81 in 2016 Q4. Its down 0.94, from 1.75 in 2016Q3. It is negative, as 15 investors sold Stepan Company shares while 73 reduced holdings. 24 funds opened positions while 47 raised stakes. 13.59 million shares or 0.02% less from 13.59 million shares in 2016Q3 were reported.
The New York-based New Amsterdam Prtn Lc New York has invested 1.1% in Stepan Company (NYSE:SCL). Matarin Cap Mngmt Ltd Liability Com holds 0% or 110,677 shares. Ubs Asset Mngmt Americas reported 0% in Stepan Company (NYSE:SCL). Deutsche Bank & Trust Ag has 0% invested in Stepan Company (NYSE:SCL) for 14,927 shares. Zacks Inv Mngmt reported 35,978 shares. Moreover, Parkside Financial Bank And Trust has 0% invested in Stepan Company (NYSE:SCL). Moreover, Profund Advisors Ltd Co has 0.01% invested in Stepan Company (NYSE:SCL) for 3,747 shares. Retail Bank Of America De stated it has 0% in Stepan Company (NYSE:SCL). Prudential Financial reported 0.03% stake. Apriem reported 22 shares or 0% of all its holdings. The New York-based Sg Americas Secs Limited Liability Company has invested 0% in Stepan Company (NYSE:SCL). Bnp Paribas Arbitrage reported 0% of its portfolio in Stepan Company (NYSE:SCL). Royal Bancorporation Of Canada has 5,924 shares for 0% of their portfolio. Mason Street Advisors Limited Liability reported 4,259 shares or 0.01% of all its holdings. Blackrock holds 0% in Stepan Company (NYSE:SCL) or 4,766 shares.

Since February 21, 2017, it had 1 insider buy, and 10 selling transactions for $3.03 million activity. 1,400 shares were bought by Hale Jennifer Ansbro, worth $98,700. $43,069 worth of Stepan Company (NYSE:SCL) was sold by Behrens Scott R. on Thursday, March 9. Mergner Arthur W also sold $211,980 worth of Stepan Company (NYSE:SCL) shares. STEPAN F QUINN JR sold 14,348 shares worth $1.23M. Stefaniak Debra sold $57,997 worth of stock or 734 shares.

The stock of Stepan Company (SCL) formed an up wedge with $92.36 target or 4.00 % above today’s $88.81 share price. The 9 months wedge indicates low risk for the $2.01 billion company. If the $92.36 price target is reached, the company will be worth $80.40 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.85% or $0.75 on July 17, reaching $88.81. About shares traded. Stepan Company (NYSE:SCL) has risen 47.84% since July 18, 2016 and is uptrending. It has outperformed by 31.14% the S&P500.

Analysts await Stepan Company (NYSE:SCL) to report earnings on July, 19. They expect $1.34 EPS, up 2.29 % or $0.03 from last year’s $1.31 per share. SCL’s profit will be $30.33M for 16.57 P/E if the $1.34 EPS becomes a reality. After $1.36 actual EPS reported by Stepan Company for the previous quarter, Wall Street now forecasts -1.47 % negative EPS growth.

Stepan Company (NYSE:SCL) Ratings Coverage

Among 6 analysts covering Stepan Co (NYSE:SCL), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Stepan Co had 10 analyst reports since August 26, 2015 according to SRatingsIntel. Industrial Alliance Securities upgraded the shares of SCL in report on Monday, May 29 to “Strong Buy” rating. On Monday, August 15 the stock rating was upgraded by National Bank Canada to “Outperform”. As per Wednesday, August 24, the company rating was maintained by Seaport Global.

More important recent Stepan Company (NYSE:SCL) news were published by: Prnewswire.com which released: “Stepan Announces Agreement to Acquire a Surfactant Production Facility and a …” on June 13, 2017, also Seekingalpha.com published article titled: “Stepan Company: An Unknown Opportunity”, Prnewswire.com published: “Stepan Reports Record Quarterly Earnings” on April 25, 2017. More interesting news about Stepan Company (NYSE:SCL) was released by: Fool.com and their article: “Shares of Stepan Company Popped 9% After Record First-Quarter” with publication date: April 25, 2017.

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