Sensient Technologies (SXT) Earns Outperform Rating from Analysts at Exane BNP Paribas

Exane BNP Paribas started coverage on shares of Sensient Technologies (NYSE:SXT) in a report issued on Friday, The Fly reports. The firm issued an outperform rating on the specialty chemicals company’s stock.

Several other research firms also recently commented on SXT. Zacks Investment Research upgraded shares of Sensient Technologies from a sell rating to a hold rating in a research report on Friday, September 21st. TheStreet upgraded shares of Sensient Technologies from a c+ rating to a b rating in a research report on Tuesday, September 18th. ValuEngine upgraded shares of Sensient Technologies from a sell rating to a hold rating in a research report on Wednesday, October 31st. KeyCorp cut 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. Finally, Berenberg Bank set a $82.00 target price on shares of Sensient Technologies and gave the stock a buy rating in a research report on Monday, October 22nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $80.20.

NYSE:SXT opened at $60.19 on Friday. 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 has a one year low of $51.93 and a one year high of $78.40. The company has a market cap of $2.44 billion, a P/E ratio of 17.60 and a beta of 1.00.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, October 19th. The specialty chemicals company reported $0.95 EPS for the quarter, hitting the consensus estimate of $0.95. Sensient Technologies had a net margin of 9.92% and a return on equity of 18.43%. The business had revenue of $342.73 million for the quarter. During the same quarter in the prior year, the business earned $0.89 earnings per share. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. On average, analysts expect that Sensient Technologies will post 3.55 earnings per share for the current fiscal year.

In related news, Director Gebhardt Deborah Mckeithan acquired 2,000 shares of the stock in a transaction dated Monday, October 22nd. The stock was bought at an average price of $64.02 per share, for a total transaction of $128,040.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.94% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in Sensient Technologies by 1,383.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 45,750 shares of the specialty chemicals company’s stock valued at $204,000 after purchasing an additional 42,666 shares in the last quarter. Handelsinvest Investeringsforvaltning increased its stake in Sensient Technologies by 4.2% during the 3rd quarter. Handelsinvest Investeringsforvaltning now owns 125,000 shares of the specialty chemicals company’s stock valued at $9,564,000 after purchasing an additional 5,000 shares in the last quarter. American International Group Inc. boosted its holdings in Sensient Technologies by 1.1% during the 3rd quarter. American International Group Inc. now owns 113,406 shares of the specialty chemicals company’s stock worth $8,677,000 after acquiring an additional 1,261 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Sensient Technologies by 4.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 510,497 shares of the specialty chemicals company’s stock worth $39,058,000 after acquiring an additional 19,972 shares during the last quarter. Finally, Gryphon Financial Partners LLC purchased a new position in Sensient Technologies during the 3rd quarter worth $302,000. Institutional investors own 99.74% of the company’s stock.

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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Analyst Recommendations for Sensient Technologies (NYSE:SXT)

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