Sensient Technologies Co. (NYSE:SXT) has been given an average rating of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $83.00.
A number of research firms recently issued reports on SXT. ValuEngine upgraded shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. Zacks Investment Research downgraded shares of Sensient Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 24th. Berenberg Bank set a $82.00 target price on shares of Sensient Technologies and gave the company a “buy” rating in a research report on Monday, October 22nd. TheStreet upgraded shares of Sensient Technologies from a “c+” rating to a “b” rating in a research report on Tuesday, September 18th. Finally, KeyCorp dropped their target price on shares of Sensient Technologies from $80.00 to $73.00 and set an “overweight” rating on the stock in a research report on Monday, October 22nd.
In related news, Director Gebhardt Deborah Mckeithan bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 22nd. The shares were bought at an average price of $64.02 per share, for a total transaction of $128,040.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.94% of the stock is owned by insiders.
Shares of NYSE SXT opened at $61.42 on Friday. The company has a market capitalization of $2.63 billion, a PE ratio of 17.96 and a beta of 0.91. Sensient Technologies has a 52-week low of $60.49 and a 52-week high of $78.40. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.80 and a current ratio of 4.30.
Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Friday, October 19th. The specialty chemicals company reported $0.95 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.95. The firm had revenue of $342.73 million for the quarter. Sensient Technologies had a net margin of 9.92% and a return on equity of 18.43%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 EPS. On average, equities research analysts expect that Sensient Technologies will post 3.55 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, November 5th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Friday, November 2nd. This is an increase from Sensient Technologies’s previous quarterly dividend of $0.33. Sensient Technologies’s payout ratio is presently 42.11%.
Sensient Technologies Company Profile
Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.
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