Stepan Company Common Stock (NYSE:SCL):
Stepan Company Announces Changes to Board of Directors.
The company is up since yesterday’s close of $70.17.
Additionally Stepan Company Common Stock announced a dividend that will be paid on Thursday the 15th of December 2016. The dividend payment will be $0.205 per share for the quarter or $0.82 annualized. The dividend yield will be $1.16. The ex-dividend date will be on Monday August 29th, 2016.
Shares of the company are trading at $70.21 a tad under the 50 day moving average which is $71.69 and a tad above the 200 day moving average of $64.64. The 50 day moving average went down $-1.48 or -2.07% and the 200 day average went up $5.57 or +8.62%.
The company currently has a P/E ratio of 18.13 and the market value is 1.60B. As of the last earnings report the EPS was $3.87 and is expected to be $4.35 for the current year with 22,819,000 shares outstanding. Analysts expect next quarter’s EPS will be $1.18 with next year’s EPS projected to be $4.44.
Investment firms have issued ratings on the company recently. On June 4 analysts at Global Hunter issued its first research report on the stock setting a rating of “Accumulate” and establishing a price target of $57.00. On October 14, 2014 Guggenheim Securities initiated coverage on the stock giving it an initial rating of “Buy” and a price target of $70.00.
KeyBanc added the stock to its research portfolio by announcing an initial rating of “Buy” and projecting a price target of $80.00.