Sensata Technologies (NYSE:ST) Downgraded by Evercore ISI to Inline

Sensata Technologies (NYSE:ST) was downgraded by stock analysts at Evercore ISI from an “outperform” rating to an “inline” rating in a report released on Thursday, MarketBeat reports. They presently have a $27.00 price objective on the scientific and technical instruments company’s stock, down from their prior price objective of $40.00. Evercore ISI’s price target would indicate a potential upside of 44.58% from the company’s current price.

Several other equities research analysts have also recently commented on ST. UBS Group dropped their price objective on Sensata Technologies from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. The Goldman Sachs Group dropped 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, January 16th. Finally, Oppenheimer reduced their price target on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $38.00.

Sensata Technologies Stock Performance

Shares of ST stock opened at $18.68 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.25 and a beta of 1.20. Sensata Technologies has a one year low of $17.51 and a one year high of $43.14. The company’s 50-day moving average is $27.16 and its 200 day moving average is $30.28.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ST. State Street Corp lifted its holdings in Sensata Technologies by 0.4% during the third quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock valued at $196,187,000 after purchasing an additional 23,946 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Sensata Technologies by 66.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company’s stock valued at $23,688,000 after buying an additional 264,334 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Sensata Technologies by 94.7% in the 4th quarter. Prudential Financial Inc. now owns 213,624 shares of the scientific and technical instruments company’s stock worth $5,853,000 after buying an additional 103,897 shares during the period. Kempner Capital Management Inc. boosted its holdings in Sensata Technologies by 233.9% in the 4th quarter. Kempner Capital Management Inc. now owns 209,064 shares of the scientific and technical instruments company’s stock worth $5,728,000 after buying an additional 146,449 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Sensata Technologies by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,060,537 shares of the scientific and technical instruments company’s stock valued at $29,059,000 after acquiring an additional 19,233 shares during the period. 99.42% of the stock is owned by hedge funds and other 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.