Sensata Technologies (NYSE:ST) Price Target Lowered to $40.00 at Oppenheimer

Sensata Technologies (NYSE:ST) had its price target reduced by equities research analysts at Oppenheimer from $44.00 to $40.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the scientific and technical instruments company’s stock. Oppenheimer’s target price would suggest a potential upside of 37.98% from the stock’s previous close.

ST has been the subject of several other reports. TD Cowen lowered their price objective on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. UBS Group lowered their price target on Sensata Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday. Truist Financial cut their price objective on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a report on Tuesday, November 5th. Evercore ISI reduced their price objective on Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Finally, Robert W. Baird dropped their target price on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $39.08.

Sensata Technologies Stock Up 3.5 %

NYSE:ST traded up $0.98 during mid-day trading on Thursday, hitting $28.99. 821,748 shares of the company’s stock traded hands, compared to its average volume of 1,588,054. The company has a fifty day moving average of $28.03 and a 200 day moving average of $32.63. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60. Sensata Technologies has a twelve month low of $24.91 and a twelve month high of $43.14. The company has a market capitalization of $4.34 billion, a P/E ratio of -53.68, a P/E/G ratio of 0.77 and a beta of 1.23.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. On average, analysts forecast that Sensata Technologies will post 3.44 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of Sensata Technologies by 738.7% during the 4th quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock valued at $26,000 after acquiring an additional 820 shares during the period. Brown Brothers Harriman & Co. purchased a new position in Sensata Technologies during the fourth quarter worth approximately $27,000. Venturi Wealth Management LLC grew its holdings in Sensata Technologies by 67.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company’s stock valued at $56,000 after purchasing an additional 817 shares during the period. Quarry LP increased its position in shares of Sensata Technologies by 61.2% in the third quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company’s stock valued at $61,000 after buying an additional 651 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Sensata Technologies by 48.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company’s stock worth $69,000 after buying an additional 820 shares during the period. Hedge funds and other institutional investors 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.