Sensient Technologies (SXT) Stock Rating Lowered by Zacks Investment Research

Sensient Technologies (NYSE:SXT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

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. “

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Other equities analysts have also issued reports about the company. Gabelli raised Sensient Technologies from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Monday, February 12th. TheStreet lowered Sensient Technologies from a “b” rating to a “c+” rating in a report on Thursday, February 8th. Finally, Off Wall Street began coverage on Sensient Technologies in a report on Monday, December 18th. They issued a “sell” rating for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $87.58.

Shares of Sensient Technologies stock traded up $1.12 on Friday, hitting $70.58. The company had a trading volume of 354,615 shares, compared to its average volume of 301,810. The company has a market cap of $3,046.21, a PE ratio of 20.64, a price-to-earnings-growth ratio of 2.31 and a beta of 0.94. Sensient Technologies has a 1 year low of $65.60 and a 1 year high of $84.98. The company has a quick ratio of 1.25, a current ratio of 3.39 and a debt-to-equity ratio of 0.71.

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

In other news, Director Gebhardt Deborah Mckeithan acquired 1,000 shares of Sensient Technologies stock in a transaction on Tuesday, February 20th. The stock was acquired at an average cost of $72.10 per share, with a total value of $72,100.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hank Brown sold 2,000 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 0.94% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Elkfork Partners LLC bought a new position in Sensient Technologies during the fourth quarter valued at $129,000. Flinton Capital Management LLC bought a new position in Sensient Technologies during the fourth quarter valued at $164,000. Advisor Group Inc. grew its holdings in Sensient Technologies by 89.6% during the fourth quarter. Advisor Group Inc. now owns 2,326 shares of the specialty chemicals company’s stock valued at $169,000 after purchasing an additional 1,099 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Sensient Technologies by 44.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,556 shares of the specialty chemicals company’s stock valued at $187,000 after purchasing an additional 782 shares during the period. Finally, Amundi Pioneer Asset Management Inc. bought a new position in Sensient Technologies during the fourth quarter valued at $208,000. 91.00% of the stock is owned by institutional investors and hedge funds.

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About Sensient Technologies

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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