The stock of Sensient Technologies Corporation (NYSE:SXT) reached all time high today, Nov, 24 and still has $84.01 target or 8.00% above today’s $77.79 share price. This indicates more upside for the $3.51B company. This technical setup was reported by Barchart.com. If the $84.01 PT is reached, the company will be worth $280.80 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.04% or $0.03 on November 23, hitting $77.79. About 110,491 shares traded hands. Sensient Technologies Corporation (NYSE:SXT) has risen 14.72% since April 22, 2016 and is uptrending. It has outperformed by 9.31% the S&P500.
Analysts await Sensient Technologies Corporation (NYSE:SXT) to report earnings on February, 2. They expect $0.78 EPS, up 9.86% or $0.07 from last year’s $0.71 per share. SXT’s profit will be $35.19M for 24.93 P/E if the $0.78 EPS becomes a reality. After $0.83 actual EPS reported by Sensient Technologies Corporation for the previous quarter, Wall Street now forecasts -6.02% negative EPS growth.
According to Zacks Investment Research, “Sensient Technologies Corporation is a leading global supplier of colors, flavors and fragrances. Using sophisticated technologies at facilities around the world, the Company develops unique formulations and ingredients that bring life to its customers’ products. Sensient manufactures a full range of ink-jet inks, cosmetic and pharmaceutical additives, as well as colors and flavors for many of the world’s best-known brands. (Press Release)”
Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q2. Its down 0.07, from 1.06 in 2016Q1. The ratio worsened, as 12 funds sold all Sensient Technologies Corporation shares owned while 77 reduced positions. 21 funds bought stakes while 73 increased positions. They now own 38.58 million shares or 0.39% more from 38.43 million shares in 2016Q1.
Bnp Paribas Arbitrage Sa, a New York-based fund reported 20,102 shares. Henderson Group Public Ltd Com, a United Kingdom-based fund reported 394,782 shares. State Common Retirement Fund accumulated 59,150 shares or 0.01% of the stock. Credit Suisse Ag has 0.01% invested in the company for 66,874 shares. Tributary Mgmt Ltd Limited Liability Company last reported 1.27% of its portfolio in the stock. Blackrock Japan Ltd owns 341 shares or 0% of their US portfolio. Teachers Advsr reported 223,622 shares or 0.03% of all its holdings. Boston Advsrs Limited Liability Corporation, a Massachusetts-based fund reported 3,150 shares. Ironbridge Capital L P holds 221,993 shares or 0.69% of its portfolio. California Public Employees Retirement System last reported 0.01% of its portfolio in the stock. Hgk Asset reported 3,795 shares or 0.04% of all its holdings. First State Bank Of Omaha reported 11,125 shares or 0.06% of all its holdings. Paradigm Cap Management Ny owns 46,650 shares or 0.4% of their US portfolio. Asset has 0.02% invested in the company for 13,120 shares. Rice Hall James And Assoc Limited Liability Company accumulated 268,389 shares or 1.1% of the stock.
Insider Transactions: Since August 5, 2016, the stock had 0 buys, and 2 sales for $242,886 net activity. 1,269 Sensient Technologies Corporation (NYSE:SXT) shares with value of $93,906 were sold by WHITELAW ESSIE. CLYDESDALE FERGUS M sold $148,980 worth of stock.
More notable recent Sensient Technologies Corporation (NYSE:SXT) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on April 21, 2011, also Finance.Yahoo.com with their article: “Sensient Technologies Corporation Reports Results for the Quarter Ended …” published on October 20, 2016, Forbes.com published: “Sensient Technologies Becomes Oversold” on October 21, 2016. More interesting news about Sensient Technologies Corporation (NYSE:SXT) were released by: Businesswire.com and their article: “Sensient Technologies Corporation Elects Paul Manning Chairman” published on February 05, 2016 as well as Nasdaq.com‘s news article titled: “Sensient Technologies Corporation (SXT) Ex-Dividend Date Scheduled for …” with publication date: November 02, 2016.
SXT Company Profile
Sensient Technologies Corporation, incorporated on December 7, 1882, is a maker and marketer of colors, flavors and fragrances. The Firm 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. The Company’s divisions are the Flavors & Fragrances Group and the Color Group, which are managed on a product-and-services basis, and the Asia Pacific Group, which is managed on a geographic basis. The Company’s clients include international manufacturers. The Company’s products include flavors, flavor enhancers and bionutrients; fragrances, aroma chemicals and essential oils; natural ingredients, including dehydrated vegetables and other food ingredients; natural and synthetic food and beverage colors; cosmetic colors and ingredients and pharmaceutical excipients and ingredients, and technical colors, specialty inks and colors, and specialty dyes and pigments.
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