Zacks: Sensient Technologies Co. (SXT) Given $80.00 Average Price Target by Analysts

Sensient Technologies Co. (NYSE:SXT) has received an average broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating. Sensient Technologies’ rating score has improved by 40.1% in the last three months as a result of various analysts’ upgrades and downgrades.

Brokerages have set a twelve-month consensus target price of $80.00 for the company and are anticipating that the company will post $0.90 EPS for the current quarter, according to Zacks. Zacks has also given Sensient Technologies an industry rank of 209 out of 265 based on the ratings given to its competitors.

A number of equities analysts have weighed in on the stock. TheStreet downgraded shares of Sensient Technologies from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Gabelli raised shares of Sensient Technologies from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Monday. KeyCorp reaffirmed a “buy” rating and issued a $90.00 target price on shares of Sensient Technologies in a research note on Friday, November 3rd. Finally, Off Wall Street assumed coverage on shares of Sensient Technologies in a research note on Monday, December 18th. They issued a “sell” rating for the company.

Shares of Sensient Technologies (NYSE SXT) traded down $0.06 during midday trading on Friday, hitting $69.46. 169,802 shares of the company’s stock were exchanged, compared to its average volume of 375,086. Sensient Technologies has a one year low of $65.60 and a one year high of $84.98. The company has a market capitalization of $2,960.27, a P/E ratio of 34.25, a PEG ratio of 2.10 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.25 and a current ratio of 3.39.

Sensient Technologies (NYSE:SXT) last announced its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.84 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.84. Sensient Technologies had a net margin of 6.58% and a return on equity of 17.37%. The company had revenue of $328.87 million during the quarter. research analysts expect that Sensient Technologies will post 3.78 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 6th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Monday, February 5th. Sensient Technologies’s dividend payout ratio (DPR) is 65.02%.

Sensient Technologies announced that its board has authorized a share buyback program on Thursday, October 19th that allows the company to buyback 3,000,000 shares. This buyback authorization allows the specialty chemicals company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

In related news, Director Essie Whitelaw sold 667 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $75.15, for a total transaction of $50,125.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.95% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 worth $187,000 after buying an additional 782 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Sensient Technologies by 4.4% during the second quarter. Public Employees Retirement System of Ohio now owns 2,825 shares of the specialty chemicals company’s stock worth $227,000 after buying an additional 119 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Sensient Technologies during the third quarter worth approximately $221,000. FDx Advisors Inc. bought a new stake in shares of Sensient Technologies during the third quarter worth approximately $231,000. Finally, Oakbrook Investments LLC bought a new stake in shares of Sensient Technologies during the fourth quarter worth approximately $234,000. 88.12% 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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