Sensata Technologies (NYSE:ST) PT Lowered to $41.00

Sensata Technologies (NYSE:ST) had its price objective cut by equities researchers at Bank of America from $44.00 to $41.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the scientific and technical instruments company’s stock. Bank of America‘s price target indicates a potential upside of 5.16% from the company’s previous close.

Several other analysts have also weighed in on ST. Robert W. Baird lifted their price objective 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 began coverage on Sensata Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price objective on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $36.00 price objective (down previously from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Jefferies Financial Group began coverage on Sensata Technologies in a report on Tuesday, April 9th. They set a “hold” rating and a $40.00 price objective on the stock. Finally, Stifel Nicolaus lifted their price objective on Sensata Technologies from $36.00 to $43.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Sensata Technologies has an average rating of “Hold” and an average price target of $44.10.

Sensata Technologies Stock Performance

Shares of NYSE ST opened at $38.99 on Tuesday. The company has a quick ratio of 1.74, a current ratio of 2.64 and a debt-to-equity ratio of 1.14. The business’s 50 day moving average is $39.25 and its two-hundred day moving average is $37.23. The company has a market cap of $5.87 billion, a P/E ratio of -354.45, a P/E/G ratio of 1.09 and a beta of 1.26. Sensata Technologies has a 12 month low of $30.56 and a 12 month high of $43.14.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. Sensata Technologies had a return on equity of 17.49% and a net margin of 0.21%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 EPS. On average, equities analysts expect that Sensata Technologies will post 3.75 EPS for the current year.

Hedge Funds Weigh In On Sensata Technologies

Institutional investors have recently bought and sold shares of the business. Principal Securities Inc. bought a new stake in shares of Sensata Technologies during the fourth quarter worth $29,000. Parkside Financial Bank & Trust raised its position in shares of Sensata Technologies by 761.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 784 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Sensata Technologies by 399.0% during the second quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 774 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Sensata Technologies during the second quarter worth $37,000. Finally, SageView Advisory Group LLC bought a new stake in shares of Sensata Technologies during the first quarter worth $85,000. 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.