Sensient Technologies (NYSE:SXT) was upgraded by investment analysts at TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Monday, TheStreetRatingsTable reports.

Separately, Stephens assumed coverage on Sensient Technologies in a report on Thursday, July 9th. They set an “overweight” rating and a $70.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $65.50.

NYSE:SXT opened at $58.53 on Monday. The business’s 50-day moving average price is $55.15 and its two-hundred day moving average price is $49.75. Sensient Technologies has a twelve month low of $38.24 and a twelve month high of $69.43. The stock has a market cap of $2.48 billion, a P/E ratio of 37.52 and a beta of 1.07. The company has a quick ratio of 1.64, a current ratio of 3.46 and a debt-to-equity ratio of 0.62.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Friday, July 17th. The specialty chemicals company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.04. Sensient Technologies had a return on equity of 13.58% and a net margin of 5.06%. The firm had revenue of $323.10 million for the quarter, compared to analysts’ expectations of $316.90 million. During the same quarter last year, the firm posted $0.81 EPS. The company’s revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts expect that Sensient Technologies will post 2.67 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of SXT. Nordea Investment Management AB grew its position in Sensient Technologies by 144.5% during the 2nd quarter. Nordea Investment Management AB now owns 2,638,668 shares of the specialty chemicals company’s stock worth $136,552,000 after acquiring an additional 1,559,642 shares during the last quarter. Bank of America Corp DE grew its position in shares of Sensient Technologies by 361.2% in the 2nd quarter. Bank of America Corp DE now owns 1,398,235 shares of the specialty chemicals company’s stock worth $72,933,000 after buying an additional 1,095,064 shares during the last quarter. Marshall Wace North America L.P. grew its position in shares of Sensient Technologies by 17,750.1% in the 2nd quarter. Marshall Wace North America L.P. now owns 502,838 shares of the specialty chemicals company’s stock worth $26,229,000 after buying an additional 500,021 shares during the last quarter. Balyasny Asset Management LLC lifted its stake in shares of Sensient Technologies by 2,430.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 465,227 shares of the specialty chemicals company’s stock valued at $24,266,000 after purchasing an additional 446,839 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in shares of Sensient Technologies by 218.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 533,650 shares of the specialty chemicals company’s stock valued at $27,835,000 after purchasing an additional 366,245 shares during the period. Institutional investors and hedge funds own 88.94% of the company’s stock.

About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and fragrances in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group.

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