BidaskClub Downgrades Sensient Technologies Corporation (SXT) to Strong Sell
Sensient Technologies Corporation (NYSE:SXT) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Thursday.
Separately, Zacks Investment Research raised Sensient Technologies Corporation from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Friday, June 23rd.
Sensient Technologies Corporation (NYSE SXT) traded up 0.93% during mid-day trading on Thursday, hitting $74.49. 155,338 shares of the company traded hands. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 30.00 and a beta of 1.07. Sensient Technologies Corporation has a one year low of $68.51 and a one year high of $84.98. The company’s 50-day moving average price is $79.89 and its 200 day moving average price is $79.75.
Sensient Technologies Corporation (NYSE:SXT) last posted its earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.87. Sensient Technologies Corporation had a return on equity of 17.15% and a net margin of 8.16%. The business had revenue of $338.48 million during the quarter. On average, analysts anticipate that Sensient Technologies Corporation will post $3.41 earnings per share for the current fiscal year.
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In other Sensient Technologies Corporation news, Director Joseph Carleone bought 1,000 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was acquired at an average cost of $75.32 per share, with a total value of $75,320.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.95% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of SXT. Horan Securities Inc. acquired a new stake in Sensient Technologies Corporation during the first quarter worth about $124,000. Tower Research Capital LLC TRC boosted its stake in Sensient Technologies Corporation by 5,636.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,721 shares of the specialty chemicals company’s stock worth $136,000 after buying an additional 1,691 shares during the last quarter. Airain ltd acquired a new stake in Sensient Technologies Corporation during the first quarter worth about $202,000. Scout Investments Inc. acquired a new stake in Sensient Technologies Corporation during the first quarter worth about $210,000. Finally, World Asset Management Inc boosted its stake in Sensient Technologies Corporation by 0.4% in the first quarter. World Asset Management Inc now owns 2,739 shares of the specialty chemicals company’s stock worth $217,000 after buying an additional 11 shares during the last quarter. 88.98% of the stock is owned by institutional investors and hedge funds.
About Sensient Technologies Corporation
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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