Sensata Technologies (NYSE:ST) Price Target Lowered to $38.00 at Stifel Nicolaus

Sensata Technologies (NYSE:ST) had its price target dropped by stock analysts at Stifel Nicolaus from $43.00 to $38.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the scientific and technical instruments company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 20.06% from the company’s previous close.

Several other research firms have also recently weighed in on ST. Robert W. Baird lowered their target price on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday. Truist Financial dropped their price objective on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a research note on Tuesday. Vertical Research initiated coverage on shares of Sensata Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $55.00 target price for the company. The Goldman Sachs Group cut their price objective on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Finally, Evercore ISI dropped their target price on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Sensata Technologies has an average rating of “Hold” and a consensus target price of $41.30.

Sensata Technologies Trading Down 5.9 %

Shares of NYSE ST traded down $1.99 during mid-day trading on Tuesday, hitting $31.65. 797,597 shares of the company traded hands, compared to its average volume of 1,855,271. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. Sensata Technologies has a 1 year low of $30.56 and a 1 year high of $43.14. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 791.45, a PEG ratio of 1.36 and a beta of 1.25. The business has a 50 day moving average of $35.65 and a two-hundred day moving average of $37.70.

Sensata Technologies (NYSE:ST) last announced its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting the consensus estimate of $0.86. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The company had revenue of $982.80 million during the quarter, compared to analysts’ expectations of $983.93 million. During the same period last year, the company posted $0.91 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, sell-side analysts anticipate that Sensata Technologies will post 3.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sensata Technologies

A number of institutional investors have recently made changes to their positions in the business. Texas Permanent School Fund Corp grew its position in Sensata Technologies by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 132,464 shares of the scientific and technical instruments company’s stock worth $4,867,000 after purchasing an additional 1,732 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Sensata Technologies by 8.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 14,366 shares of the scientific and technical instruments company’s stock worth $528,000 after buying an additional 1,174 shares in the last quarter. Quantbot Technologies LP increased its stake in Sensata Technologies by 90.3% during the first quarter. Quantbot Technologies LP now owns 93,470 shares of the scientific and technical instruments company’s stock valued at $3,434,000 after acquiring an additional 44,358 shares during the period. Empowered Funds LLC acquired a new position in Sensata Technologies in the 1st quarter valued at approximately $258,000. Finally, SG Americas Securities LLC lifted its position in shares of Sensata Technologies by 2,624.2% in the 1st quarter. SG Americas Securities LLC now owns 918,082 shares of the scientific and technical instruments company’s stock worth $33,730,000 after acquiring an additional 884,381 shares during the period. 99.42% of the stock is currently owned by 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.