Sensient Technologies Corporation (SXT) Research Coverage Started at Berenberg Bank
Analysts at Berenberg Bank initiated coverage on shares of Sensient Technologies Corporation (NYSE:SXT) in a report released on Friday. The brokerage set a “buy” rating on the specialty chemicals company’s stock.
Several other research firms have also recently issued reports on SXT. BidaskClub cut Sensient Technologies Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Zacks Investment Research raised Sensient Technologies Corporation from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Friday, June 2nd. Finally, KeyCorp reaffirmed a “buy” rating and issued a $90.00 price target on shares of Sensient Technologies Corporation in a report on Thursday, August 24th.
Sensient Technologies Corporation (NYSE SXT) opened at 75.90 on Friday. Sensient Technologies Corporation has a 52-week low of $68.51 and a 52-week high of $84.98. The firm’s 50-day moving average price is $73.46 and its 200 day moving average price is $78.57. The stock has a market cap of $3.33 billion, a P/E ratio of 30.57 and a beta of 1.08.
Sensient Technologies Corporation (NYSE:SXT) last posted its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.87. The company had revenue of $338.48 million for the quarter. Sensient Technologies Corporation had a return on equity of 17.15% and a net margin of 8.16%. Equities analysts predict that Sensient Technologies Corporation will post $3.41 earnings per share for the current year.
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In related news, Director Joseph Carleone purchased 1,000 shares of the company’s stock in a transaction on Monday, July 24th. The shares were bought at an average price of $75.32 per share, with a total value of $75,320.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.95% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its holdings in shares of 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 valued at $136,000 after buying an additional 1,691 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Sensient Technologies Corporation by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,774 shares of the specialty chemicals company’s stock valued at $143,000 after purchasing an additional 139 shares during the period. Airain ltd acquired a new stake in Sensient Technologies Corporation during the 1st quarter valued at $202,000. Acrospire Investment Management LLC raised its stake in Sensient Technologies Corporation by 118.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,584 shares of the specialty chemicals company’s stock valued at $208,000 after purchasing an additional 1,400 shares during the period. Finally, World Asset Management Inc raised its stake in Sensient Technologies Corporation by 0.4% during the 1st quarter. World Asset Management Inc now owns 2,739 shares of the specialty chemicals company’s stock valued at $217,000 after purchasing an additional 11 shares during the period. 88.96% of the stock is currently owned by institutional investors.
Sensient Technologies Corporation 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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