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

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

Several other research firms have also issued reports on ST. UBS Group lowered their target price on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday. The Goldman Sachs Group reduced their price target on Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Truist Financial dropped their price objective on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Evercore ISI reduced their target price on Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered their target price 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Sensata Technologies has a consensus rating of “Hold” and an average price target of $39.08.

Sensata Technologies Price Performance

Shares of 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 market capitalization of $4.34 billion, a P/E ratio of -53.68, a PEG ratio of 0.77 and a beta of 1.23. Sensata Technologies has a 1 year low of $24.91 and a 1 year high of $43.14. 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’s 50-day moving average is $28.03 and its two-hundred day moving average is $32.63.

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 positive return on equity of 17.68% and a negative net margin of 1.98%. On average, equities analysts anticipate that Sensata Technologies will post 3.44 EPS for the current fiscal year.

Institutional Trading of Sensata Technologies

Hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. raised its position in shares of Sensata Technologies by 738.7% in the 4th quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock worth $26,000 after acquiring an additional 820 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in Sensata Technologies in the fourth quarter valued at about $27,000. Quarry LP raised its holdings in 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 worth $61,000 after purchasing an additional 651 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Sensata Technologies by 67.6% during 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 buying an additional 817 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Sensata Technologies by 48.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company’s stock valued at $69,000 after buying an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

About Sensata Technologies

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.