Sensata Technologies (NYSE:ST) Raised to Outperform at Evercore ISI

Sensata Technologies (NYSE:ST) was upgraded by stock analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage presently has a $60.00 price objective on the scientific and technical instruments company’s stock, up from their previous price objective of $44.00. Evercore ISI’s price objective would suggest a potential upside of 49.74% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Bank of America downgraded shares of Sensata Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $46.00 to $38.00 in a research report on Wednesday, February 7th. JPMorgan Chase & Co. cut shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $37.00 to $34.00 in a research note on Monday, January 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price objective (down from $44.00) on shares of Sensata Technologies in a research note on Tuesday, April 9th. Jefferies Financial Group started coverage on shares of Sensata Technologies in a research note on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price objective on the stock. Finally, Stifel Nicolaus boosted their price objective on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.78.

Sensata Technologies Stock Up 1.7 %

Shares of NYSE:ST opened at $40.07 on Monday. The firm has a 50 day simple moving average of $35.49 and a 200-day simple moving average of $34.71. Sensata Technologies has a twelve month low of $30.56 and a twelve month high of $47.41. The company has a market capitalization of $6.03 billion, a PE ratio of -364.24, a P/E/G ratio of 0.97 and a beta of 1.32. The company has a current ratio of 2.64, a quick ratio of 1.74 and a debt-to-equity ratio of 1.14.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 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 17.58%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $986.51 million. During the same quarter in the prior year, the firm earned $0.92 EPS. Sensata Technologies’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts predict that Sensata Technologies will post 3.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Sensata Technologies

Several institutional investors and hedge funds have recently made changes to their positions in ST. Cary Street Partners Investment Advisory LLC lifted its holdings in Sensata Technologies by 1,389.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock valued at $28,000 after purchasing an additional 681 shares in the last quarter. Principal Securities Inc. purchased a new position in Sensata Technologies in the 4th quarter valued at about $29,000. Parkside Financial Bank & Trust lifted its holdings in shares of Sensata Technologies by 761.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 784 shares during the period. Covestor Ltd lifted its holdings in shares of Sensata Technologies by 71.6% during the 3rd quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock worth $47,000 after acquiring an additional 521 shares during the period. Finally, TFO Wealth Partners LLC lifted its holdings in shares of Sensata Technologies by 17,818.8% during the 4th quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company’s stock worth $108,000 after acquiring an additional 2,851 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

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.