Brokerages Set $76.67 Target Price for Sensient Technologies Corp. (SXT)
Sensient Technologies Corp. (NYSE:SXT) has earned a consensus broker rating score of 2.33 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Sensient Technologies Corp.’s rating score has declined by 133% from 90 days ago as a result of a number of analysts’ ratings changes.
Analysts have set a 12-month consensus target price of $76.67 for the company and are anticipating that the company will post $0.81 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Sensient Technologies Corp. an industry rank of 103 out of 265 based on the ratings given to its competitors.
A number of research firms recently weighed in on SXT. Sidoti began coverage on shares of Sensient Technologies Corp. in a research note on Friday, September 2nd. They set a “neutral” rating for the company. Gabelli cut shares of Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Finally, Zacks Investment Research cut shares of Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th.
Sensient Technologies Corp. (NYSE:SXT) opened at 72.29 on Tuesday. Sensient Technologies Corp. has a 12-month low of $52.69 and a 12-month high of $76.15. The company has a market cap of $3.24 billion, a P/E ratio of 30.70 and a beta of 0.97. The stock’s 50 day moving average is $74.56 and its 200-day moving average is $70.66.
Sensient Technologies Corp. (NYSE:SXT) last posted its quarterly earnings results on Friday, July 22nd. The company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.05. The business earned $360.80 million during 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 previous year, the firm posted $0.80 earnings per share. Analysts predict that Sensient Technologies Corp. will post $3.23 earnings per share for the current fiscal year.
In other news, Director Essie Whitelaw sold 1,269 shares of the company’s stock in a transaction that occurred on 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 available at the SEC website. Corporate insiders own 1.87% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SXT. Tower Research Capital LLC TRC boosted its position in Sensient Technologies Corp. by 4,006.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,669 shares of the company’s stock valued at $190,000 after buying an additional 2,604 shares during the period. Gerstein Fisher bought a new position in Sensient Technologies Corp. during the second quarter valued at $201,000. Public Employees Retirement System of Ohio boosted its position in Sensient Technologies Corp. by 5.7% in the second quarter. Public Employees Retirement System of Ohio now owns 2,923 shares of the company’s stock valued at $208,000 after buying an additional 158 shares during the period. Cookson Peirce & Co. Inc. bought a new position in Sensient Technologies Corp. during the second quarter valued at $212,000. Finally, Boston Advisors LLC bought a new position in Sensient Technologies Corp. during the second quarter valued at $224,000. Institutional investors own 89.48% of the company’s stock.
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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