Stifel Nicolaus Increases Sensata Technologies (NYSE:ST) Price Target to $43.00

Sensata Technologies (NYSE:ST) had its target price lifted by equities researchers at Stifel Nicolaus from $36.00 to $43.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the scientific and technical instruments company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 10.28% from the company’s current price.

ST has been the subject of a number of other reports. Jefferies Financial Group initiated coverage on Sensata Technologies in a research note on Tuesday, April 9th. They set a “hold” rating and a $40.00 price target for the company. JPMorgan Chase & Co. lowered Sensata Technologies from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $37.00 to $34.00 in a research note on Monday, January 8th. Truist Financial decreased their price target on Sensata Technologies from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, February 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 price target (down from $44.00) on shares of Sensata Technologies in a research note on Tuesday, April 9th. Finally, Bank of America lowered Sensata Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the company from $46.00 to $38.00 in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.00.

Sensata Technologies Stock Performance

Shares of ST stock opened at $38.99 on Tuesday. Sensata Technologies has a 12-month low of $30.56 and a 12-month high of $47.41. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of -354.42, a price-to-earnings-growth ratio of 0.87 and a beta of 1.37. The business has a 50 day simple moving average of $35.28 and a 200 day simple moving average of $34.69. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.55 and a quick ratio of 1.69.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. Sensata Technologies had a positive return on equity of 17.35% and a negative net margin of 0.35%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $986.51 million. During the same period in the prior year, the company posted $0.92 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that Sensata Technologies will post 3.72 EPS for the current year.

Institutional Trading of Sensata Technologies

A number of hedge funds have recently modified their holdings of ST. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Sensata Technologies by 1,389.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock valued at $28,000 after purchasing an additional 681 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Sensata Technologies during the fourth quarter worth $29,000. Parkside Financial Bank & Trust raised its holdings in shares of Sensata Technologies by 761.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 784 shares in the last quarter. Covestor Ltd raised its holdings in shares of Sensata Technologies by 71.6% during the third quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock worth $47,000 after acquiring an additional 521 shares in the last quarter. Finally, TFO Wealth Partners LLC raised its holdings in shares of Sensata Technologies by 17,818.8% during the fourth quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company’s stock worth $108,000 after acquiring an additional 2,851 shares in the last quarter. Hedge funds and other 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.