Sensient Technologies Corp. (SXT) Given Average Rating of “Buy” by Analysts
Shares of Sensient Technologies Corp. (NYSE:SXT) have received a consensus broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Sensient Technologies Corp.’s rating score has declined by 133% in the last 90 days as a result of various analysts’ ratings changes.
Brokers have set a 1 year consensus price objective of $76.67 for the company, according to Zacks. Zacks has also given Sensient Technologies Corp. an industry rank of 97 out of 265 based on the ratings given to related companies.
A number of brokerages have issued reports on SXT. Sidoti began coverage on shares of Sensient Technologies Corp. in a research note on Friday, September 2nd. They set a “neutral” rating on the stock. Zacks Investment Research upgraded shares of Sensient Technologies Corp. from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Wednesday, July 27th. Finally, Gabelli downgraded shares of Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 25th.
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Shares of Sensient Technologies Corp. (NYSE:SXT) traded down 1.92% on Tuesday, reaching $73.19. 90,830 shares of the company were exchanged. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 31.08 and a beta of 0.96. The company’s 50-day moving average price is $74.65 and its 200 day moving average price is $70.54. Sensient Technologies Corp. has a 12 month low of $52.69 and a 12 month high of $76.15.
Sensient Technologies Corp. (NYSE:SXT) last announced its quarterly earnings data on Friday, July 22nd. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. The firm had revenue of $360.80 million for the quarter, compared to the consensus estimate of $348.80 million. Sensient Technologies Corp. had a net margin of 7.65% and a return on equity of 16.08%. During the same period in the prior year, the company posted $0.80 earnings per share. On average, equities research analysts expect that Sensient Technologies Corp. will post $3.23 EPS for the current year.
In other news, Director Essie Whitelaw sold 1,269 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $74.00, for a total value of $93,906.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.87% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Sensient Technologies Corp. by 2.3% in the first quarter. Geode Capital Management LLC now owns 305,210 shares of the company’s stock worth $19,368,000 after buying an additional 6,968 shares during the period. State Street Corp raised its position in shares of Sensient Technologies Corp. by 0.4% in the first quarter. State Street Corp now owns 1,415,860 shares of the company’s stock worth $89,848,000 after buying an additional 5,611 shares during the period. Miles Capital Inc. acquired a new position in shares of Sensient Technologies Corp. during the first quarter worth about $259,000. M&T Bank Corp acquired a new position in shares of Sensient Technologies Corp. during the first quarter worth about $400,000. Finally, Royce & Associates LP raised its position in shares of Sensient Technologies Corp. by 5.9% in the first quarter. Royce & Associates LP now owns 49,849 shares of the company’s stock worth $3,163,000 after buying an additional 2,761 shares during the period. 89.48% of the stock is owned by hedge funds and other institutional investors.
Sensient Technologies Corp. Company Profile
Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.
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