Sensata Technologies (NYSE:ST) Price Target Cut to $45.00 by Analysts at TD Cowen

Sensata Technologies (NYSE:ST) had its price target decreased by investment analysts at TD Cowen from $50.00 to $45.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the scientific and technical instruments company’s stock. TD Cowen’s price target indicates a potential upside of 35.26% from the company’s previous close.

Other research analysts also recently issued reports about the company. Stifel Nicolaus reduced their target price on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday. Robert W. Baird dropped their target price on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday. JPMorgan Chase & Co. dropped their target price on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a report on Tuesday. Evercore ISI decreased their price target on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th. Finally, Vertical Research initiated coverage on Sensata Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $41.18.

Sensata Technologies Stock Up 5.4 %

Shares of ST stock traded up $1.69 during trading hours on Wednesday, reaching $33.27. 653,492 shares of the company’s stock were exchanged, compared to its average volume of 1,861,345. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 1.06. Sensata Technologies has a 1 year low of $30.56 and a 1 year high of $43.14. The stock has a market cap of $5.02 billion, a PE ratio of -61.61, a PEG ratio of 1.33 and a beta of 1.25. The stock’s fifty day moving average price is $35.52 and its two-hundred day moving average price is $37.68.

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

Institutional Trading of Sensata Technologies

Several hedge funds have recently modified their holdings of the business. Millennium Management LLC lifted its holdings in shares of Sensata Technologies by 84.8% in 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 buying an additional 2,321,782 shares during the period. Dimensional Fund Advisors LP raised its holdings in Sensata Technologies by 16.5% during 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 last quarter. Eminence Capital LP raised its holdings in Sensata Technologies by 31.8% during the second quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock worth $127,998,000 after purchasing an additional 826,353 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Sensata Technologies by 13.6% during the third quarter. Victory Capital Management Inc. now owns 2,106,834 shares of the scientific and technical instruments company’s stock worth $75,551,000 after purchasing an additional 252,061 shares during the last quarter. Finally, Copeland Capital Management LLC raised its holdings in Sensata Technologies by 21.7% during the third quarter. Copeland Capital Management LLC now owns 1,788,320 shares of the scientific and technical instruments company’s stock worth $64,129,000 after purchasing an additional 319,424 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.