Sensient Technologies (NYSE:SXT) Given New $93.00 Price Target at Robert W. Baird

Sensient Technologies (NYSE:SXT - Get Free Report) had its target price lifted by research analysts at Robert W. Baird from $85.00 to $93.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "outperform" rating on the specialty chemicals company's stock. Robert W. Baird's target price would indicate a potential downside of 1.13% from the company's previous close.

Separately, StockNews.com lowered shares of Sensient Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, March 22nd.

Sensient Technologies Trading Down 0.3 %

Shares of SXT stock traded down $0.28 on Monday, hitting $94.06. 1,021,607 shares of the stock traded hands, compared to its average volume of 211,671. The firm's 50-day moving average price is $74.69 and its two-hundred day moving average price is $75.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 3.55. The stock has a market capitalization of $3.99 billion, a PE ratio of 31.99 and a beta of 0.63. Sensient Technologies has a twelve month low of $66.15 and a twelve month high of $94.74.

Sensient Technologies (NYSE:SXT - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. The company had revenue of $392.33 million for the quarter, compared to analyst estimates of $387.70 million. Sensient Technologies had a net margin of 8.01% and a return on equity of 11.93%. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. As a group, analysts anticipate that Sensient Technologies will post 3.1 EPS for the current year.

Institutional Trading of Sensient Technologies

Several institutional investors and hedge funds have recently bought and sold shares of SXT. Freemont Capital Pte Ltd acquired a new stake in shares of Sensient Technologies during the 4th quarter worth approximately $449,288,000. Congress Asset Management Co. acquired a new stake in Sensient Technologies during the 1st quarter worth about $49,984,000. Norges Bank acquired a new stake in Sensient Technologies during the 4th quarter worth about $45,757,000. Marshall Wace LLP purchased a new position in Sensient Technologies during the 4th quarter valued at about $24,490,000. Finally, Wealthfront Advisers LLC purchased a new position in Sensient Technologies during the 4th quarter valued at about $7,270,000. Institutional investors and hedge funds own 90.86% of the company's stock.

Sensient Technologies Company Profile

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.