Wells Fargo & Company Boosts Sensata Technologies (NYSE:ST) Price Target to $26.00

Sensata Technologies (NYSE:ST) had its price target hoisted by investment analysts at Wells Fargo & Company from $23.00 to $26.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the scientific and technical instruments company’s stock. Wells Fargo & Company‘s target price points to a potential downside of 3.06% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, April 17th. Oppenheimer lowered their target price on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group raised their target price on shares of Sensata Technologies from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Evercore ISI downgraded shares of Sensata Technologies from an “outperform” rating to an “inline” rating and lowered their target price for the company from $40.00 to $27.00 in a research note on Thursday, April 3rd. Finally, UBS Group lowered their target price on shares of Sensata Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.08.

Sensata Technologies Trading Up 0.6%

Shares of Sensata Technologies stock opened at $26.82 on Monday. Sensata Technologies has a 12-month low of $17.32 and a 12-month high of $42.80. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 1.25 and a beta of 1.02. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11. The company’s 50-day moving average price is $23.17 and its 200-day moving average price is $27.10.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. The firm had revenue of $911.26 million for the quarter, compared to the consensus estimate of $878.39 million. During the same period in the prior year, the firm posted $0.89 earnings per share. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, equities analysts expect that Sensata Technologies will post 3.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in shares of Sensata Technologies in the fourth quarter worth approximately $48,580,000. Invesco Ltd. grew its holdings in shares of Sensata Technologies by 19.4% in the fourth quarter. Invesco Ltd. now owns 326,180 shares of the scientific and technical instruments company’s stock worth $8,937,000 after purchasing an additional 53,034 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Sensata Technologies by 94.7% in the fourth quarter. Prudential Financial Inc. now owns 213,624 shares of the scientific and technical instruments company’s stock worth $5,853,000 after purchasing an additional 103,897 shares during the last quarter. Kempner Capital Management Inc. grew its holdings in shares of Sensata Technologies by 233.9% in the fourth quarter. Kempner Capital Management Inc. now owns 209,064 shares of the scientific and technical instruments company’s stock worth $5,728,000 after purchasing an additional 146,449 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Sensata Technologies by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,060,537 shares of the scientific and technical instruments company’s stock worth $29,059,000 after acquiring an additional 19,233 shares during the period. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Company Profile

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.