Sensata Technologies (NYSE:ST) Price Target Cut to $45.00 by Analysts at TD Cowen

Sensata Technologies (NYSE:ST) had its price objective lowered by stock analysts at TD Cowen from $50.00 to $45.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the scientific and technical instruments company’s stock. TD Cowen’s price objective indicates a potential upside of 35.26% from the company’s previous close.

A number of other brokerages have also recently commented on ST. Oppenheimer reduced their price objective on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. reduced their price objective on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday. Robert W. Baird reduced their price objective on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday. The Goldman Sachs Group reduced their price objective on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Finally, Evercore ISI reduced their price objective on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Sensata Technologies has an average rating of “Hold” and a consensus target price of $41.18.

Sensata Technologies Trading Up 5.4 %

Shares of NYSE:ST traded up $1.69 during midday trading on Wednesday, reaching $33.27. The company’s stock had a trading volume of 653,492 shares, compared to its average volume of 1,861,345. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of -61.61, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. Sensata Technologies has a 1 year low of $30.56 and a 1 year high of $43.14. The business has a 50 day moving average price of $35.52 and a 200 day moving average price of $37.68.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.86. Sensata Technologies had a positive return on equity of 17.63% and a negative net margin of 1.98%. 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 previous year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. Research analysts forecast that Sensata Technologies will post 3.55 EPS for the current year.

Institutional Trading of Sensata Technologies

Several institutional investors and hedge funds have recently bought and sold shares of ST. GAMMA Investing LLC grew its holdings in shares of Sensata Technologies by 399.0% during the second quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 774 shares during the last quarter. Versant Capital Management Inc bought a new position in Sensata Technologies in the 2nd quarter worth approximately $37,000. Quarry LP grew its holdings in Sensata Technologies by 227.1% in the 2nd quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock worth $40,000 after buying an additional 738 shares in the last quarter. SageView Advisory Group LLC bought a new position in Sensata Technologies in the 1st quarter worth approximately $85,000. Finally, First Horizon Advisors Inc. grew its holdings in Sensata Technologies by 57.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock worth $95,000 after buying an additional 927 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

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.