Oppenheimer Issues Pessimistic Forecast for Sensata Technologies (NYSE:ST) Stock Price

Sensata Technologies (NYSE:ST) had its target price reduced by investment analysts at Oppenheimer from $47.00 to $44.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the scientific and technical instruments company’s stock. Oppenheimer’s price target points to a potential upside of 31.50% from the stock’s previous close.

Several other equities analysts also recently issued reports on ST. Bank of America cut their price objective on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Stifel Nicolaus decreased their price target on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday. The Goldman Sachs Group lowered their price objective on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Truist Financial cut their target price on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, Wolfe Research initiated coverage on Sensata Technologies in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.00.

Sensata Technologies Stock Up 6.0 %

Shares of Sensata Technologies stock opened at $33.46 on Tuesday. Sensata Technologies has a 52-week low of $30.56 and a 52-week high of $43.14. The firm’s 50 day moving average price is $35.44 and its 200-day moving average price is $37.65. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. The company has a market cap of $5.05 billion, a P/E ratio of -61.96, a PEG ratio of 1.33 and a beta of 1.25.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. Sensata Technologies had a positive return on equity of 17.63% and a negative net margin of 1.98%. The firm had revenue of $982.80 million during the quarter, compared to analyst estimates of $983.93 million. During the same quarter in the prior year, the business posted $0.91 EPS. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, sell-side analysts predict that Sensata Technologies will post 3.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Sensata Technologies

Hedge funds have recently modified their holdings of the company. Millennium Management LLC raised its holdings in Sensata Technologies by 84.8% in the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock worth $189,158,000 after purchasing an additional 2,321,782 shares during the period. SG Americas Securities LLC raised its stake in shares of Sensata Technologies by 2,624.2% during 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 buying an additional 884,381 shares during the period. Eminence Capital LP lifted its position in shares of Sensata Technologies by 31.8% during the 2nd quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock valued at $127,998,000 after buying an additional 826,353 shares in the last quarter. Capitolis Liquid Global Markets LLC purchased a new position in shares of Sensata Technologies during the 1st quarter valued at approximately $28,969,000. Finally, Victory Capital Management Inc. grew its stake in Sensata Technologies by 64.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company’s stock valued at $69,350,000 after acquiring an additional 727,521 shares during the period. 99.42% of the stock is 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.