Sensata Technologies (NYSE:ST) PT Raised to $46.00 at Truist Financial

Sensata Technologies (NYSE:ST) had its target price upped by equities research analysts at Truist Financial from $36.00 to $46.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the scientific and technical instruments company’s stock. Truist Financial’s price objective would suggest a potential upside of 17.98% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. Robert W. Baird boosted their price target on shares of Sensata Technologies from $37.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday. Jefferies Financial Group began coverage on shares of Sensata Technologies in a research note on Tuesday, April 9th. They set a “hold” rating and a $40.00 price objective on the stock. Oppenheimer raised shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Tuesday, January 30th. 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 research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. lowered shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $37.00 to $34.00 in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Sensata Technologies has a consensus rating of “Hold” and an average target price of $42.00.

Sensata Technologies Price Performance

ST stock opened at $38.99 on Tuesday. Sensata Technologies has a 12-month low of $30.56 and a 12-month high of $47.41. The company has a current ratio of 2.55, a quick ratio of 1.69 and a debt-to-equity ratio of 1.13. The firm’s 50-day moving average price is $35.28 and its two-hundred day moving average price is $34.69. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of -354.42, a PEG ratio of 0.87 and a beta of 1.37.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $986.51 million. During the same quarter in the previous year, the company earned $0.92 earnings per share. Sensata Technologies’s quarterly revenue was up .9% on a year-over-year basis. As a group, equities analysts predict that Sensata Technologies will post 3.72 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ST. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Sensata Technologies by 1,389.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock worth $28,000 after buying an additional 681 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Sensata Technologies in the fourth quarter worth approximately $29,000. Parkside Financial Bank & Trust lifted its stake in shares of Sensata Technologies by 761.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 784 shares in the last quarter. Covestor Ltd lifted its stake in shares of Sensata Technologies by 71.6% in the third quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock worth $47,000 after buying an additional 521 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its stake in shares of Sensata Technologies by 17,818.8% in the fourth quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company’s stock worth $108,000 after buying an additional 2,851 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.