Sensient Technologies (SXT) Upgraded by Zacks Investment Research to “Buy”

Sensient Technologies (NYSE:SXT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage currently has a $78.00 target price on the specialty chemicals company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 11.67% from the stock’s previous close.

According to Zacks, “Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors and fragrances. Sensient employ advanced technologies to develop specialty food and beverage systems, cosmetic ingredients, pharmaceutical excipients, inkjet and specialty inks and colors, and other specialty and fine chemicals. Sensient uses advanced proprietary technologies to produce a broad range of innovative products. Sensient is a global developer, manufacturer and supplier of flavor and fragrance systems for the food, beverage, personal care and household-products industries. Sensient is a developer, manufacturer and supplier of colors for businesses worldwide. Sensient provides natural and synthetic color systems for use in foods, beverages and pharmaceuticals; colors and other ingredients for cosmetics, such as active ingredients, solubilizers and surface treated pigments; pharmaceutical excipients, such as colors, flavors and coatings; specialty inks; and technical colors for industrial applications. “

SXT has been the topic of several other research reports. Off Wall Street started coverage on Sensient Technologies in a research report on Monday, December 18th. They set a “sell” rating on the stock. Gabelli upgraded Sensient Technologies from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Monday, February 12th. Finally, TheStreet downgraded Sensient Technologies from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Two analysts have rated the stock with a sell rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $87.58.



Shares of NYSE:SXT traded up $0.08 during trading on Thursday, hitting $69.85. 11,094 shares of the company were exchanged, compared to its average volume of 346,062. The company has a market cap of $3,023.33, a P/E ratio of 20.42, a P/E/G ratio of 2.29 and a beta of 0.93. Sensient Technologies has a 52-week low of $65.60 and a 52-week high of $84.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.39 and a quick ratio of 1.25.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.84. The firm had revenue of $328.87 million for the quarter. Sensient Technologies had a return on equity of 17.37% and a net margin of 6.58%. analysts expect that Sensient Technologies will post 3.83 earnings per share for the current fiscal year.

In other news, Director Hank Brown sold 2,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $71.78, for a total value of $143,560.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gebhardt Deborah Mckeithan purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was purchased at an average cost of $72.10 per share, for a total transaction of $72,100.00. The disclosure for this purchase can be found here. Corporate insiders own 0.94% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Elkfork Partners LLC bought a new position in shares of Sensient Technologies in the fourth quarter worth $129,000. Flinton Capital Management LLC bought a new position in shares of Sensient Technologies in the fourth quarter worth $164,000. Advisor Group Inc. increased its holdings in shares of Sensient Technologies by 89.6% in the fourth quarter. Advisor Group Inc. now owns 2,326 shares of the specialty chemicals company’s stock worth $169,000 after purchasing an additional 1,099 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Sensient Technologies by 44.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,556 shares of the specialty chemicals company’s stock worth $187,000 after purchasing an additional 782 shares during the period. Finally, Amundi Pioneer Asset Management Inc. bought a new position in shares of Sensient Technologies in the fourth quarter worth $208,000. 90.99% of the stock is currently owned by hedge funds and other institutional investors.

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Sensient Technologies 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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