News articles about Sensient Technologies (NYSE:SXT) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sensient Technologies earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the specialty chemicals company an impact score of 46.0986601495012 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Berenberg Bank assumed coverage on shares of Sensient Technologies in a research report on Friday, September 22nd. They set a “buy” rating and a $88.30 price target on the stock. Off Wall Street started coverage on shares of Sensient Technologies in a research report on Monday, December 18th. They set a “sell” rating on the stock. Finally, KeyCorp reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Sensient Technologies in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $89.15.
Shares of Sensient Technologies (NYSE:SXT) traded up $0.36 on Friday, hitting $73.35. 221,700 shares of the stock traded hands, compared to its average volume of 165,950. The firm has a market cap of $3,220.00, a PE ratio of 30.19, a P/E/G ratio of 2.29 and a beta of 1.08. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.59 and a quick ratio of 1.42. Sensient Technologies has a 12 month low of $71.21 and a 12 month high of $84.98.
Sensient Technologies declared that its board has authorized a stock repurchase program on Thursday, October 19th that permits the company to repurchase 3,000,000 outstanding shares. This repurchase authorization permits the specialty chemicals company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.
In related news, Director Fergus M. Clydesdale sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $76.00, for a total transaction of $152,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 4,187 shares of company stock worth $316,125. 0.95% of the stock is currently owned by insiders.
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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