The Goldman Sachs Group Lowers Sensata Technologies (NYSE:ST) Price Target to $32.00

Sensata Technologies (NYSE:ST) had its price objective reduced by equities researchers at The Goldman Sachs Group from $36.00 to $32.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the scientific and technical instruments company’s stock. The Goldman Sachs Group’s price target points to a potential upside of 13.31% from the company’s current price.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. reduced their price objective on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. Stifel Nicolaus lowered their price target on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. UBS Group cut their price objective on Sensata Technologies from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. 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 report on Tuesday, November 5th. Finally, TD Cowen cut their price target on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.42.

Sensata Technologies Stock Up 0.2 %

ST traded up $0.07 during midday trading on Thursday, hitting $28.24. 232,406 shares of the company’s stock traded hands, compared to its average volume of 1,091,639. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76. The company has a market cap of $4.22 billion, a PE ratio of -52.30, a price-to-earnings-growth ratio of 0.83 and a beta of 1.24. The stock’s fifty day simple moving average is $29.96 and its 200-day simple moving average is $34.28. Sensata Technologies has a one year low of $26.65 and a one year high of $43.14.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.86. The company had revenue of $982.80 million during the quarter, compared to analysts’ expectations of $983.93 million. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share. As a group, equities analysts anticipate that Sensata Technologies will post 3.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sensata Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. boosted its position in Sensata Technologies by 31.2% in the second quarter. Federated Hermes Inc. now owns 16,593 shares of the scientific and technical instruments company’s stock valued at $620,000 after buying an additional 3,948 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Sensata Technologies by 30.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 722,793 shares of the scientific and technical instruments company’s stock worth $27,025,000 after acquiring an additional 170,600 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Sensata Technologies by 16.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company’s stock valued at $173,627,000 after purchasing an additional 658,728 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Sensata Technologies in the second quarter worth $3,821,000. Finally, Moors & Cabot Inc. increased its stake in shares of Sensata Technologies by 146.4% in the second quarter. Moors & Cabot Inc. now owns 14,979 shares of the scientific and technical instruments company’s stock valued at $560,000 after buying an additional 8,900 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

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.