Evercore ISI Increases Sensata Technologies (NYSE:ST) Price Target to $44.00

Sensata Technologies (NYSE:ST) had its target price upped by Evercore ISI from $36.00 to $44.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “in-line” rating on the scientific and technical instruments company’s stock. Evercore ISI’s price objective would suggest a potential upside of 12.85% from the stock’s current price.

Several other research analysts have also recently issued reports on ST. JPMorgan Chase & Co. cut shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $37.00 to $34.00 in a report on Monday, January 8th. Stifel Nicolaus upped their target price on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a report on Tuesday. The Goldman Sachs Group restated a “neutral” rating and issued a $36.00 target price (down previously from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Jefferies Financial Group began coverage on shares of Sensata Technologies in a report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 target price for the company. Finally, Bank of America cut shares of Sensata Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $46.00 to $38.00 in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Sensata Technologies presently has a consensus rating of “Hold” and an average target price of $42.00.

Sensata Technologies Trading Up 1.8 %

Shares of ST stock opened at $38.99 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.69 and a current ratio of 2.55. The stock has a market capitalization of $5.87 billion, a P/E ratio of -354.42, a price-to-earnings-growth ratio of 0.87 and a beta of 1.37. The company has a 50 day moving average price of $35.28 and a 200 day moving average price of $34.69. Sensata Technologies has a fifty-two week low of $30.56 and a fifty-two week high of $47.41.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.86 by $0.03. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.35%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $986.51 million. During the same quarter in the previous year, the business posted $0.92 EPS. The firm’s revenue was up .9% on a year-over-year basis. Equities research analysts predict that Sensata Technologies will post 3.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Sensata Technologies

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Sensata Technologies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 14,910,505 shares of the scientific and technical instruments company’s stock worth $560,188,000 after purchasing an additional 69,837 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Sensata Technologies by 1.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,084,921 shares of the scientific and technical instruments company’s stock worth $192,312,000 after purchasing an additional 62,468 shares during the last quarter. Shapiro Capital Management LLC boosted its stake in shares of Sensata Technologies by 4.5% during the 3rd quarter. Shapiro Capital Management LLC now owns 4,358,416 shares of the scientific and technical instruments company’s stock worth $164,835,000 after purchasing an additional 186,627 shares during the last quarter. Kodai Capital Management LP acquired a new stake in shares of Sensata Technologies during the 4th quarter worth about $133,156,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Sensata Technologies by 15.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,415,576 shares of the scientific and technical instruments company’s stock worth $128,325,000 after purchasing an additional 455,237 shares during the last quarter. 99.42% of the stock is 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.