Robert W. Baird Forecasts Strong Price Appreciation for Sensient Technologies (NYSE:SXT) Stock

Sensient Technologies (NYSE:SXT - Get Free Report) had its target price raised by stock analysts at Robert W. Baird from $85.00 to $93.00 in a research report issued 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 suggest a potential downside of 0.88% from the stock's previous close.

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

Sensient Technologies Price Performance

Sensient Technologies stock traded up $1.17 during midday trading on Monday, hitting $93.83. 252,027 shares of the company's stock were exchanged, compared to its average volume of 213,604. The stock has a 50-day moving average price of $75.62 and a two-hundred day moving average price of $75.37. Sensient Technologies has a 52-week low of $66.15 and a 52-week high of $94.79. The company has a market cap of $3.98 billion, a P/E ratio of 31.91 and a beta of 0.63. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 3.55.

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

Institutional Trading of Sensient Technologies

Institutional investors have recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC purchased a new stake in Sensient Technologies during the 4th quarter valued at $25,000. GAMMA Investing LLC boosted its holdings in shares of Sensient Technologies by 132.6% during the first quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock worth $32,000 after purchasing an additional 248 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Sensient Technologies by 18,766.7% in the fourth quarter. Jones Financial Companies Lllp now owns 566 shares of the specialty chemicals company's stock worth $40,000 after purchasing an additional 563 shares during the last quarter. Quarry LP purchased a new position in Sensient Technologies during the 4th quarter valued at about $50,000. Finally, R Squared Ltd purchased a new stake in Sensient Technologies in the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors 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.