Sensient Technologies (NYSE:SXT) Upgraded to Buy at StockNews.com – MarketBeat
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Sensient Technologies (NYSE:SXT – Get Rating) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.
Sensient Technologies Stock Down 1.3 %
Shares of NYSE:SXT traded down $0.96 during midday trading on Wednesday, reaching $72.27. The company’s stock had a trading volume of 105,657 shares, compared to its average volume of 219,411. The firm has a 50 day moving average of $79.86 and a 200-day moving average of $81.54. The firm has a market capitalization of $3.04 billion, a P/E ratio of 22.24 and a beta of 0.90. The company has a quick ratio of 1.40, a current ratio of 3.11 and a debt-to-equity ratio of 0.52. Sensient Technologies has a 12-month low of $69.13 and a 12-month high of $106.32.
Sensient Technologies (NYSE:SXT – Get Rating) last released its earnings results on Friday, July 22nd. The specialty chemicals company reported $0.92 earnings per share for the quarter. The firm had revenue of $371.70 million for the quarter, compared to the consensus estimate of $358.70 million. Sensient Technologies had a net margin of 9.69% and a return on equity of 14.96%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 EPS.
Hedge Funds Weigh In On Sensient Technologies
Hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp increased its holdings in Sensient Technologies by 5.1% in the 1st quarter. Mackenzie Financial Corp now owns 2,573 shares of the specialty chemicals company’s stock worth $216,000 after acquiring an additional 124 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in Sensient Technologies by 2.0% in the 1st quarter. Panagora Asset Management Inc. now owns 6,516 shares of the specialty chemicals company’s stock worth $547,000 after acquiring an additional 127 shares in the last quarter. CWM LLC grew its holdings in Sensient Technologies by 16.4% during the 2nd quarter. CWM LLC now owns 936 shares of the specialty chemicals company’s stock valued at $75,000 after buying an additional 132 shares in the last quarter. First Republic Investment Management Inc. grew its holdings in Sensient Technologies by 2.4% during the 1st quarter. First Republic Investment Management Inc. now owns 6,678 shares of the specialty chemicals company’s stock valued at $561,000 after buying an additional 156 shares in the last quarter. Finally, Ellevest Inc. grew its holdings in Sensient Technologies by 22.6% during the 1st quarter. Ellevest Inc. now owns 1,027 shares of the specialty chemicals company’s stock valued at $86,000 after buying an additional 189 shares in the last quarter. Institutional investors own 88.92% of the company’s stock.
About Sensient Technologies
(Get Rating)
Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Extracts Group, Color Group, and Asia Pacific Group.
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