Oppenheimer Lowers Sensata Technologies (NYSE:ST) Price Target to $47.00

Sensata Technologies (NYSE:ST) had its price objective cut by stock analysts at Oppenheimer from $50.00 to $47.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the scientific and technical instruments company’s stock. Oppenheimer’s target price indicates a potential upside of 23.29% from the stock’s current price.

A number of other analysts have also recently issued reports on the stock. Evercore ISI raised shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $44.00 to $60.00 in a research note on Monday, May 6th. Bank of America lowered their target price on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday. Jefferies Financial Group began coverage on Sensata Technologies in a report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price target for the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 price objective (down from $44.00) on shares of Sensata Technologies in a research note on Tuesday, April 9th. Finally, Truist Financial lowered their price target on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Sensata Technologies currently has a consensus rating of “Hold” and a consensus price target of $44.10.

Sensata Technologies Trading Up 0.6 %

ST opened at $38.12 on Wednesday. The business has a 50 day moving average of $39.31 and a 200-day moving average of $37.21. 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 stock has a market cap of $5.74 billion, a PE ratio of -346.51, a PEG ratio of 1.09 and a beta of 1.26. Sensata Technologies has a 52 week low of $30.56 and a 52 week high of $43.14.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. Sensata Technologies had a return on equity of 17.49% and a net margin of 0.21%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the business earned $0.97 earnings per share. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. Equities research analysts predict that Sensata Technologies will post 3.75 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Ali John Mirshekari bought 73,137 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of $39.17 per share, with a total value of $2,864,776.29. Following the completion of the transaction, the director now directly owns 73,137 shares in the company, valued at $2,864,776.29. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by company insiders.

Institutional Trading of Sensata Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new position in shares of Sensata Technologies in the 4th quarter valued at $2,529,000. Olstein Capital Management L.P. raised its holdings in shares of Sensata Technologies by 11.4% during the fourth quarter. Olstein Capital Management L.P. now owns 341,000 shares of the scientific and technical instruments company’s stock worth $12,811,000 after acquiring an additional 35,000 shares during the period. Natixis Advisors L.P. lifted its position in Sensata Technologies by 39.0% in the 4th quarter. Natixis Advisors L.P. now owns 235,010 shares of the scientific and technical instruments company’s stock valued at $8,829,000 after acquiring an additional 65,911 shares in the last quarter. Foundry Partners LLC boosted its stake in Sensata Technologies by 11.8% in the 1st quarter. Foundry Partners LLC now owns 120,206 shares of the scientific and technical instruments company’s stock worth $4,416,000 after purchasing an additional 12,708 shares during the period. Finally, Sei Investments Co. increased its holdings in Sensata Technologies by 178.4% during the 1st quarter. Sei Investments Co. now owns 367,005 shares of the scientific and technical instruments company’s stock worth $13,484,000 after purchasing an additional 235,170 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

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.