In a report issued on July 25, Ghansham Panjabi from Robert W. Baird maintained a Hold rating on Sensient Technologies (SXT – Research Report), with a price target of $90.00. The company’s shares closed last Tuesday at $83.10.
According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 7.5% and a 58.2% success rate. Panjabi covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and H.B. Fuller Company.
Currently, the analyst consensus on Sensient Technologies is a Hold with an average price target of $90.00.
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Based on Sensient Technologies’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $372 million and net profit of $38.65 million. In comparison, last year the company earned revenue of $336 million and had a net profit of $25.94 million.
Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SXT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Sensient Technologies Corp. engages in the manufacture of colors, flavors, and fragrances. It operates through the following segments: Flavors and Fragrances Group; Color Group; and Asia Pacific Group segments. The Flavors and Fragrances segment includes beverage flavors, bionutrients, savory flavors, sweet flavors, natural ingredients, and fragrance compounds and ingredients. The Color segment comprises of natural and synthetic color solutions for the food and beverage, cosmetic, pharmaceutical, and industrial markets. The Asia Pacific segment markets product lines in the Pacific Rim under the Sensient name. The company was founded in 1882 and is headquartered in Milwaukee, WI.
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