Price Don’t Lie: After Touching 52-Week High, Is Sensient Technologies Corporation’s Near-Term Analysis Positive?

Price Don't Lie: After Touching 52 Week High, Is Sensient Technologies Corporation's Near Term Analysis Positive?

The stock of Sensient Technologies Corporation (NYSE:SXT) hit a new 52-week high and has $82.94 target or 7.00% above today’s $77.51 share price. The 8 months bullish chart indicates low risk for the $3.49 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $82.94 price target is reached, the company will be worth $244.30 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 52,814 shares traded hands. Sensient Technologies Corporation (NYSE:SXT) has risen 15.13% since April 21, 2016 and is uptrending. It has outperformed by 9.80% the S&P500.

Analysts await Sensient Technologies Corporation (NYSE:SXT) to report earnings on February, 2. They expect $0.78 earnings per share, up 9.86% or $0.07 from last year’s $0.71 per share. SXT’s profit will be $35.12M for 24.84 P/E if the $0.78 EPS becomes a reality. After $0.83 actual earnings per share 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 turned negative, 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.
Rothschild Invest Corporation Il holds 0.03% or 3,308 shares in its portfolio. Wells Fargo And Mn last reported 0.01% of its portfolio in the stock. Envestnet Asset Management last reported 1,659 shares in the company. Burnham Asset Mngmt holds 7,800 shares or 0.15% of its portfolio. The New York-based Mutual Of America Management Ltd Liability Corp has invested 0.05% in Sensient Technologies Corporation (NYSE:SXT). South Dakota Invest Council reported 2,900 shares or 0% of all its holdings. Calvert Inv Mgmt Inc accumulated 0.02% or 5,838 shares. New York State Common Retirement Fund last reported 59,150 shares in the company. Bnp Paribas Invest Prtnrs Sa accumulated 0.01% or 8,402 shares. Boston Advsr Lc owns 3,150 shares or 0.01% of their US portfolio. Private Na accumulated 6,410 shares or 0.12% of the stock. Gru has 110,987 shares for 0% of their US portfolio. The New York-based Echo Street Cap Mgmt Limited Com has invested 0.06% in Sensient Technologies Corporation (NYSE:SXT). Ghp Investment Advsr accumulated 21,893 shares or 0.34% of the stock. Mesirow Management accumulated 1.49% or 359,507 shares.

Insider Transactions: Since August 5, 2016, the stock had 0 buys, and 2 sales for $242,886 net activity. 1,269 shares were sold by WHITELAW ESSIE, worth $93,906. The insider CLYDESDALE FERGUS M sold $148,980.

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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