Evercore ISI Lowers Sensata Technologies (NYSE:ST) Price Target to $40.00

Sensata Technologies (NYSE:ST) had its price objective lowered by research analysts at Evercore ISI from $43.00 to $40.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the scientific and technical instruments company’s stock. Evercore ISI’s target price would suggest a potential upside of 39.69% from the company’s current price.

A number of other analysts also recently weighed in on ST. The Goldman Sachs Group dropped their target price on Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday. Robert W. Baird lowered their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. TD Cowen reduced their target price on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Stifel Nicolaus decreased their target price on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. cut their price target on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $39.58.

Sensata Technologies Price Performance

ST stock traded up $0.36 during midday trading on Friday, reaching $28.64. The company had a trading volume of 61,170 shares, compared to its average volume of 1,068,370. The firm has a 50-day moving average price of $29.86 and a 200-day moving average price of $34.24. The company has a market capitalization of $4.28 billion, a P/E ratio of -53.05, a P/E/G ratio of 0.83 and a beta of 1.24. Sensata Technologies has a 1 year low of $26.65 and a 1 year high of $43.14. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76.

Sensata Technologies (NYSE:ST) last announced its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.86. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The company had revenue of $982.80 million during the quarter, compared to analyst estimates of $983.93 million. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, research analysts anticipate that Sensata Technologies will post 3.43 earnings per share for the current fiscal year.

Institutional Trading of Sensata Technologies

A number of institutional investors have recently modified their holdings of ST. Quarry LP raised its position in Sensata Technologies by 227.1% during the 2nd quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 738 shares during the last quarter. Assetmark Inc. increased its stake in shares of Sensata Technologies by 19.0% during the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after buying an additional 416 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Sensata Technologies during the second quarter valued at approximately $142,000. Capstone Investment Advisors LLC bought a new position in shares of Sensata Technologies during the third quarter valued at approximately $237,000. Finally, Captrust Financial Advisors lifted its stake in Sensata Technologies by 21.5% in the third quarter. Captrust Financial Advisors now owns 7,146 shares of the scientific and technical instruments company’s stock worth $256,000 after acquiring an additional 1,264 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

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.