Analysts Set $90.00 Price Target for Sensient Technologies Corporation (SXT)
Sensient Technologies Corporation (NYSE:SXT) has earned an average broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and two have given a strong buy rating to the company. Sensient Technologies Corporation’s rating score has improved by 28.3% in the last three months as a result of various analysts’ upgrades and downgrades.
Analysts have set a twelve-month consensus target price of $90.00 for the company and are anticipating that the company will post $0.84 EPS for the current quarter, according to Zacks. Zacks has also assigned Sensient Technologies Corporation an industry rank of 71 out of 265 based on the ratings given to related companies.
Several research firms have weighed in on SXT. KeyCorp reissued a “buy” rating and issued a $90.00 target price on shares of Sensient Technologies Corporation in a report on Friday. Zacks Investment Research raised Sensient Technologies Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Berenberg Bank began coverage on Sensient Technologies Corporation in a report on Friday, September 22nd. They issued a “buy” rating and a $88.30 target price on the stock. Finally, BidaskClub lowered Sensient Technologies Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd.
In other news, Director Fergus M. Clydesdale sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $76.00, for a total value of $152,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. 0.95% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Susquehanna International Group LLP purchased a new stake in shares of Sensient Technologies Corporation in the second quarter valued at $1,448,000. Tributary Capital Management LLC lifted its position in shares of Sensient Technologies Corporation by 11.1% in the third quarter. Tributary Capital Management LLC now owns 238,051 shares of the specialty chemicals company’s stock valued at $18,311,000 after acquiring an additional 23,809 shares in the last quarter. Eagle Asset Management Inc. lifted its position in shares of Sensient Technologies Corporation by 58.8% in the second quarter. Eagle Asset Management Inc. now owns 537,892 shares of the specialty chemicals company’s stock valued at $43,316,000 after acquiring an additional 199,123 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Sensient Technologies Corporation by 6.3% in the first quarter. Prudential Financial Inc. now owns 31,227 shares of the specialty chemicals company’s stock valued at $2,475,000 after acquiring an additional 1,840 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Sensient Technologies Corporation by 14.6% in the first quarter. Legal & General Group Plc now owns 42,448 shares of the specialty chemicals company’s stock valued at $3,364,000 after acquiring an additional 5,408 shares in the last quarter. Institutional investors and hedge funds own 88.02% of the company’s stock.
Shares of Sensient Technologies Corporation (NYSE:SXT) opened at $74.93 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.59 and a quick ratio of 1.42. The firm has a market capitalization of $3,286.91, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 2.56 and a beta of 1.08. Sensient Technologies Corporation has a twelve month low of $71.21 and a twelve month high of $84.98.
Sensient Technologies Corporation (NYSE:SXT) last posted its earnings results on Thursday, October 19th. The specialty chemicals company reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.01. The company had revenue of $353.52 million for the quarter. Sensient Technologies Corporation had a return on equity of 17.34% and a net margin of 7.89%. During the same period last year, the company posted $0.83 EPS. equities research analysts forecast that Sensient Technologies Corporation will post 3.41 EPS for the current fiscal year.
Sensient Technologies Corporation announced that its Board of Directors has initiated a stock buyback plan on Thursday, October 19th that authorizes the company to repurchase 3,000,000 outstanding shares. This repurchase authorization authorizes the specialty chemicals company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 6th will be given a $0.33 dividend. This is an increase from Sensient Technologies Corporation’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, November 3rd. Sensient Technologies Corporation’s dividend payout ratio is currently 54.55%.
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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