Oppenheimer Trims Sensata Technologies (NYSE:ST) Target Price to $47.00

Sensata Technologies (NYSE:ST) had its price objective decreased by Oppenheimer from $50.00 to $47.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the scientific and technical instruments company’s stock. Oppenheimer’s price target points to a potential upside of 23.29% from the stock’s previous close.

Several other research firms have also commented on ST. Evercore ISI upgraded shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $44.00 to $60.00 in a research note on Monday, May 6th. The Goldman Sachs Group reissued a “neutral” rating and set a $36.00 target price (down previously from $44.00) on shares of Sensata Technologies in a research note on Tuesday, April 9th. Robert W. Baird boosted their target price on Sensata Technologies from $37.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. Vertical Research started coverage on Sensata Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 price target for the company. Finally, Bank of America cut their price objective on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Sensata Technologies currently has an average rating of “Hold” and an average price target of $44.10.

Sensata Technologies Price Performance

Shares of ST stock opened at $38.12 on Wednesday. Sensata Technologies has a twelve month low of $30.56 and a twelve month high of $43.14. The company has a current ratio of 2.64, a quick ratio of 1.74 and a debt-to-equity ratio of 1.14. The stock has a fifty day simple moving average of $39.31 and a two-hundred day simple moving average of $37.21. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of -346.51, a P/E/G ratio of 1.09 and a beta of 1.26.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.49%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share. On average, analysts predict that Sensata Technologies will post 3.75 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Ali John Mirshekari purchased 73,137 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average price of $39.17 per share, with a total value of $2,864,776.29. Following the purchase, the director now directly owns 73,137 shares of the company’s stock, valued at $2,864,776.29. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Sensata Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Arizona State Retirement System grew its holdings in Sensata Technologies by 2.2% during the 4th quarter. Arizona State Retirement System now owns 42,609 shares of the scientific and technical instruments company’s stock valued at $1,601,000 after buying an additional 897 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Sensata Technologies in the 4th quarter valued at about $1,310,000. Kempner Capital Management Inc. boosted its stake in shares of Sensata Technologies by 99.8% during the 4th quarter. Kempner Capital Management Inc. now owns 85,823 shares of the scientific and technical instruments company’s stock worth $3,224,000 after purchasing an additional 42,867 shares during the last quarter. Fulton Bank N.A. grew its holdings in shares of Sensata Technologies by 6.7% during the fourth quarter. Fulton Bank N.A. now owns 25,595 shares of the scientific and technical instruments company’s stock worth $962,000 after buying an additional 1,608 shares in the last quarter. Finally, New York State Teachers Retirement System raised its position in shares of Sensata Technologies by 2.7% in the fourth quarter. New York State Teachers Retirement System now owns 23,100 shares of the scientific and technical instruments company’s stock valued at $868,000 after buying an additional 600 shares during the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Sensata Technologies Company Profile

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.