The Goldman Sachs Group Issues Pessimistic Forecast for Sensata Technologies (NYSE:ST) Stock Price

Sensata Technologies (NYSE:ST) had its target price lowered by stock analysts at The Goldman Sachs Group from $36.00 to $32.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the scientific and technical instruments company’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 13.31% from the company’s previous close.

A number of other brokerages have also issued reports on ST. Evercore ISI dropped their price target on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th. JPMorgan Chase & Co. decreased their price target on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 5th. Stifel Nicolaus cut their target price on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. UBS Group decreased their target price on Sensata Technologies from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, TD Cowen cut their target price on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.42.

Sensata Technologies Stock Up 0.2 %

Shares of NYSE ST traded up $0.07 during mid-day trading on Thursday, reaching $28.24. The company had a trading volume of 232,406 shares, compared to its average volume of 1,091,639. The firm has a 50 day simple moving average of $29.96 and a two-hundred day simple moving average of $34.28. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. Sensata Technologies has a 52-week low of $26.65 and a 52-week high of $43.14. The stock has a market cap of $4.22 billion, a P/E ratio of -52.30, a PEG ratio of 0.83 and a beta of 1.24.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results 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 negative net margin of 1.98% and a positive return on equity of 17.68%. The firm had revenue of $982.80 million during the quarter, compared to the consensus estimate of $983.93 million. During the same quarter in the prior year, the firm earned $0.91 EPS. Sensata Technologies’s revenue for the quarter was down 1.8% on a year-over-year basis. Sell-side analysts predict that Sensata Technologies will post 3.43 earnings per share for the current year.

Hedge Funds Weigh In On Sensata Technologies

Large investors have recently made changes to their positions in the business. Janus Henderson Group PLC raised its holdings in shares of Sensata Technologies by 0.5% during the third quarter. Janus Henderson Group PLC now owns 9,722,999 shares of the scientific and technical instruments company’s stock valued at $348,666,000 after acquiring an additional 45,513 shares during the period. State Street Corp grew its stake in Sensata Technologies by 0.4% during the 3rd quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock valued at $196,187,000 after acquiring an additional 23,946 shares in the last quarter. Millennium Management LLC increased its holdings in shares of 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 valued at $189,158,000 after purchasing an additional 2,321,782 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Sensata Technologies by 16.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company’s stock worth $173,627,000 after purchasing an additional 658,728 shares in the last quarter. Finally, FMR LLC grew its position in Sensata Technologies by 18.9% during the third quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company’s stock valued at $139,703,000 after purchasing an additional 618,202 shares in the last quarter. 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.