Sensata Technologies (NYSE:ST) Upgraded by The Goldman Sachs Group to Buy Rating

Sensata Technologies (NYSE:ST) was upgraded by research analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The firm currently has a $27.00 target price on the scientific and technical instruments company’s stock, down from their prior target price of $31.00. The Goldman Sachs Group’s target price indicates a potential upside of 38.75% from the stock’s previous close.

ST has been the topic of several other research reports. Oppenheimer decreased their price objective on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. UBS Group dropped their price target on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Finally, Evercore ISI downgraded shares of Sensata Technologies from an “outperform” rating to an “inline” rating and decreased their price objective for the company from $40.00 to $27.00 in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $37.36.

Sensata Technologies Stock Performance

Shares of Sensata Technologies stock traded down $1.42 during trading hours on Thursday, reaching $19.46. 443,452 shares of the stock traded hands, compared to its average volume of 1,778,189. Sensata Technologies has a one year low of $17.32 and a one year high of $43.14. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 1.25 and a beta of 1.12. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average price of $26.31 and a 200 day moving average price of $29.71.

Sensata Technologies (NYSE:ST) last announced its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. On average, equities research analysts expect that Sensata Technologies will post 3.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sensata Technologies

Several large investors have recently bought and sold shares of the business. Tidal Investments LLC increased its holdings in shares of Sensata Technologies by 1.1% in the 3rd quarter. Tidal Investments LLC now owns 29,346 shares of the scientific and technical instruments company’s stock worth $1,052,000 after buying an additional 314 shares during the last quarter. Franklin Resources Inc. raised its position in Sensata Technologies by 3.7% during the third quarter. Franklin Resources Inc. now owns 11,442 shares of the scientific and technical instruments company’s stock valued at $418,000 after purchasing an additional 403 shares during the period. Arizona State Retirement System lifted its stake in shares of Sensata Technologies by 0.9% in the 4th quarter. Arizona State Retirement System now owns 43,810 shares of the scientific and technical instruments company’s stock valued at $1,200,000 after purchasing an additional 405 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Sensata Technologies by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 65,706 shares of the scientific and technical instruments company’s stock worth $1,800,000 after purchasing an additional 420 shares during the period. Finally, Cullen Capital Management LLC raised its holdings in Sensata Technologies by 1.9% during the 4th quarter. Cullen Capital Management LLC now owns 31,111 shares of the scientific and technical instruments company’s stock valued at $852,000 after buying an additional 590 shares during the period. Institutional investors own 99.42% of the company’s stock.

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.