Sensata Technologies (NYSE:ST) Price Target Raised to $47.00 at Robert W. Baird

Sensata Technologies (NYSE:ST) had its target price raised by Robert W. Baird from $37.00 to $47.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the scientific and technical instruments company’s stock. Robert W. Baird’s target price would suggest a potential upside of 20.82% from the company’s current price.

Several other research analysts have also weighed in on ST. Truist Financial lowered their target price on shares of Sensata Technologies from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, February 7th. JPMorgan Chase & Co. lowered shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $37.00 to $34.00 in a research report on Monday, January 8th. Jefferies Financial Group initiated coverage on shares of Sensata Technologies in a research report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price target on the stock. Stifel Nicolaus increased their price target on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Evercore ISI raised their target price on shares of Sensata Technologies from $36.00 to $44.00 and gave the stock an “in-line” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sensata Technologies currently has an average rating of “Hold” and a consensus price target of $40.89.

Sensata Technologies Stock Performance

NYSE ST traded up $3.14 during trading hours on Tuesday, hitting $38.90. 7,449,306 shares of the stock were exchanged, compared to its average volume of 2,044,521. The company has a market cap of $5.85 billion, a price-to-earnings ratio of -779.64, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37. Sensata Technologies has a 12-month low of $30.56 and a 12-month high of $47.41. The stock has a 50-day moving average of $35.10 and a 200 day moving average of $34.65. The company has a quick ratio of 1.69, a current ratio of 2.55 and a debt-to-equity ratio of 1.13.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.03. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $986.51 million. Sensata Technologies had a negative net margin of 0.10% and a positive return on equity of 17.47%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. As a group, equities research analysts forecast that Sensata Technologies will post 3.72 earnings per share for the current year.

Institutional Investors Weigh In On Sensata Technologies

A number of large investors have recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC grew its holdings in Sensata Technologies by 1,389.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock worth $28,000 after acquiring an additional 681 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Sensata Technologies in the 4th quarter valued at about $29,000. Parkside Financial Bank & Trust raised its stake in shares of Sensata Technologies by 761.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock valued at $33,000 after purchasing an additional 784 shares in the last quarter. Covestor Ltd raised its stake in shares of Sensata Technologies by 71.6% in the 3rd quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock valued at $47,000 after purchasing an additional 521 shares in the last quarter. Finally, TFO Wealth Partners LLC raised its stake in shares of Sensata Technologies by 17,818.8% in the 4th quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company’s stock valued at $108,000 after purchasing an additional 2,851 shares in 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.