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

Sensient Technologies (NYSE:SXT - Get Free Report) had its target price upped by research analysts at Robert W. Baird from $85.00 to $93.00 in a report issued on Monday,Benzinga reports. The firm currently has an "outperform" rating on the specialty chemicals company's stock. Robert W. Baird's price objective would suggest a potential upside of 2.15% from the stock's previous close.

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

Sensient Technologies Stock Up 13.6 %

SXT stock opened at $91.04 on Monday. Sensient Technologies has a twelve month low of $66.15 and a twelve month high of $91.50. The company has a current ratio of 3.55, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $3.86 billion, a P/E ratio of 30.97 and a beta of 0.63. The firm has a 50 day simple moving average of $73.30 and a 200-day simple moving average of $74.80.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. The business had revenue of $392.33 million during the quarter, compared to the consensus estimate of $387.70 million. On average, equities research analysts predict that Sensient Technologies will post 3.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sensient Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. boosted its stake in Sensient Technologies by 29.9% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 31,759 shares of the specialty chemicals company's stock valued at $2,364,000 after purchasing an additional 7,310 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in Sensient Technologies during the 1st quarter valued at $224,000. GAMMA Investing LLC boosted its position in Sensient Technologies by 132.6% during the 1st quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock worth $32,000 after acquiring an additional 248 shares during the period. Portside Wealth Group LLC bought a new position in shares of Sensient Technologies in the first quarter worth $280,000. Finally, Congress Asset Management Co. bought a new stake in shares of Sensient Technologies during the first quarter valued at about $49,984,000. 90.86% of the stock is currently owned by institutional investors.

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.

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