That’s why I Feel Comfortable With Sensient Technologies Corp’s (SXT) Future

Currently, Sensient Technologies Corp [SXT] is trading at $90.99, up 13.54%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SXT shares have gain 22.04% over the last week, with a monthly amount glided 24.17%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Sensient Technologies Corp [NYSE: SXT] stock has seen the most recent analyst activity on October 17, 2023, when Robert W. Baird upgraded its rating to a Outperform but kept the price target unchanged to $70 for it. Previously, Sidoti upgraded its rating to Buy on October 10, 2022, and kept the price target unchanged to $92. On May 27, 2021, Robert W. Baird initiated with a Neutral rating and assigned a price target of $90 on the stock. Stephens started tracking the stock assigning a Overweight rating and suggested a price target of $70 on July 10, 2020. Seaport Global Securities downgraded its rating to a Neutral. In a note dated February 19, 2019, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.

This stock has fluctuated between a low of $66.14 and a high of $82.99 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $85 within the next 12 months. Sensient Technologies Corp [NYSE: SXT] shares were valued at $90.99 at the most recent close of the market. An investor can expect a potential drop of -6.58% based on the average SXT price forecast.

Analyzing the SXT fundamentals

Trailing Twelve Months sales for Sensient Technologies Corp [NYSE:SXT] were 1.56B which represents 1.99% growth. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 44.8, Equity is 0.09 and Total Capital is 76.38. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.34.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 83.61 points at the first support level, and at 76.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 94.75, and for the 2nd resistance point, it is at 98.52.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Sensient Technologies Corp [NYSE:SXT] is 4.34. Further, the Quick Ratio stands at 1.74, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 2.47, the price to book ratio is 3.62 and price to earnings (TTM) ratio is 30.12.

Transactions by insiders

Recent insider trading involved Geraghty Michael C, President, Color Group, that happened on Nov 06 ’24 when 4000.0 shares were sold. Officer, Geraghty Michael C completed a deal on Nov 06 ’24 to buy 4000.0 shares. Meanwhile, Director McKeithan Gebhardt Deborah sold 2000.0 shares on Aug 14 ’24.

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