Evercore ISI Lowers Sensata Technologies (NYSE:ST) Price Target to $40.00

Sensata Technologies (NYSE:ST) had its price target dropped by research analysts at Evercore ISI from $43.00 to $40.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the scientific and technical instruments company’s stock. Evercore ISI’s price objective indicates a potential upside of 39.69% from the stock’s previous close.

A number of other analysts also recently commented on the company. JPMorgan Chase & Co. decreased their price target on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a research report on Tuesday, November 5th. Oppenheimer decreased their target price on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. The Goldman Sachs Group cut their price target on shares of Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday. TD Cowen decreased their price objective on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, Robert W. Baird lowered their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $39.58.

Sensata Technologies Stock Up 1.3 %

Sensata Technologies stock traded up $0.36 during trading on Friday, hitting $28.64. 61,170 shares of the company were exchanged, compared to its average volume of 1,068,370. Sensata Technologies has a 52 week low of $26.65 and a 52 week high of $43.14. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $4.28 billion, a P/E ratio of -53.05, a PEG ratio of 0.83 and a beta of 1.24. The business’s 50 day moving average is $29.86 and its 200 day moving average is $34.24.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.86. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The company had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. During the same period last year, the firm earned $0.91 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. Analysts predict that Sensata Technologies will post 3.43 earnings per share for the current year.

Institutional Investors Weigh In On Sensata Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC boosted its position in shares of Sensata Technologies by 0.5% in the third quarter. Janus Henderson Group PLC now owns 9,722,999 shares of the scientific and technical instruments company’s stock valued at $348,666,000 after acquiring an additional 45,513 shares during the period. State Street Corp lifted its stake in Sensata Technologies by 0.4% in the 3rd quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock worth $196,187,000 after purchasing an additional 23,946 shares in the last quarter. Millennium Management LLC grew its position in shares of Sensata Technologies by 84.8% during the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock valued at $189,158,000 after purchasing an additional 2,321,782 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Sensata Technologies by 16.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company’s stock worth $173,627,000 after purchasing an additional 658,728 shares during the period. Finally, FMR LLC raised its position in shares of Sensata Technologies by 18.9% in the third quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company’s stock worth $139,703,000 after buying an additional 618,202 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors.

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.