Sensata Technologies (NYSE:ST) Price Target Cut to $34.00 by Analysts at JPMorgan Chase & Co.

Sensata Technologies (NYSE:ST) had its target price cut by stock analysts at JPMorgan Chase & Co. from $35.00 to $34.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “underweight” rating on the scientific and technical instruments company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 2.58% from the stock’s current price.

Several other research firms have also commented on ST. Vertical Research initiated coverage on shares of Sensata Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 price target on the stock. Wolfe Research started coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. The Goldman Sachs Group lowered their price target on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Oppenheimer reduced their price objective on Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Finally, Truist Financial lowered their target price on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $44.40.

Sensata Technologies Stock Performance

NYSE:ST opened at $34.90 on Friday. Sensata Technologies has a fifty-two week low of $30.56 and a fifty-two week high of $43.14. The firm’s 50 day moving average is $36.32 and its two-hundred day moving average is $37.72. The company has a market cap of $5.27 billion, a P/E ratio of -317.24, a P/E/G ratio of 1.37 and a beta of 1.25. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06.

Sensata Technologies (NYSE:ST) last issued its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.93. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 earnings per share. Analysts expect that Sensata Technologies will post 3.57 EPS for the current year.

Hedge Funds Weigh In On Sensata Technologies

A number of institutional investors have recently made changes to their positions in ST. GAMMA Investing LLC grew its position in shares of Sensata Technologies by 399.0% during the second quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 774 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of Sensata Technologies in the 2nd quarter valued at about $37,000. Quarry LP lifted its position in shares of Sensata Technologies by 227.1% during the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 738 shares during the last quarter. SageView Advisory Group LLC acquired a new position in Sensata Technologies in the first quarter worth about $85,000. Finally, First Horizon Advisors Inc. increased its holdings in Sensata Technologies by 57.9% in the second quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock valued at $95,000 after buying an additional 927 shares during the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

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.