Stifel Nicolaus Has Lowered Expectations for Sensata Technologies (NYSE:ST) Stock Price

Sensata Technologies (NYSE:ST) had its price objective reduced by research analysts at Stifel Nicolaus from $43.00 to $38.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the scientific and technical instruments company’s stock. Stifel Nicolaus’ target price points to a potential upside of 13.57% from the company’s previous close.

Several other equities research analysts have also recently commented on ST. Bank of America decreased their target price on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Evercore ISI reduced their price objective on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. Vertical Research began coverage on shares of Sensata Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 target price on the stock. The Goldman Sachs Group cut their target price on shares of 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, Truist Financial decreased their price target on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $41.00.

Sensata Technologies Stock Performance

NYSE:ST opened at $33.46 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.31 and a current ratio of 1.77. Sensata Technologies has a fifty-two week low of $30.56 and a fifty-two week high of $43.14. The company has a 50 day simple moving average of $35.44 and a two-hundred day simple moving average of $37.65. The company has a market capitalization of $5.05 billion, a PE ratio of -61.96, a P/E/G ratio of 1.33 and a beta of 1.25.

Sensata Technologies (NYSE:ST) last announced its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.86. The business had revenue of $982.80 million during the quarter, compared to the consensus estimate of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.63%. Sensata Technologies’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share. Research analysts anticipate that Sensata Technologies will post 3.55 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ST. Texas Permanent School Fund Corp lifted its stake in Sensata Technologies by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 132,464 shares of the scientific and technical instruments company’s stock valued at $4,867,000 after acquiring an additional 1,732 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Sensata Technologies by 8.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 14,366 shares of the scientific and technical instruments company’s stock worth $528,000 after purchasing an additional 1,174 shares during the last quarter. Quantbot Technologies LP grew its position in Sensata Technologies by 90.3% in the 1st quarter. Quantbot Technologies LP now owns 93,470 shares of the scientific and technical instruments company’s stock worth $3,434,000 after purchasing an additional 44,358 shares in the last quarter. Empowered Funds LLC purchased a new stake in Sensata Technologies in the 1st quarter valued at about $258,000. Finally, SG Americas Securities LLC lifted its position in shares of Sensata Technologies by 2,624.2% during the 1st quarter. SG Americas Securities LLC now owns 918,082 shares of the scientific and technical instruments company’s stock worth $33,730,000 after buying an additional 884,381 shares in the last quarter. Hedge funds and other institutional investors 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.