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

Sensata Technologies (NYSE:ST - Get Free Report) had its price objective cut by equities researchers at Evercore ISI from $43.00 to $40.00 in a research note issued 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 points to a potential upside of 40.77% from the stock's previous close.

ST has been the topic of a number of other reports. Oppenheimer cut their target price on shares of Sensata Technologies from $47.00 to $44.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. UBS Group lowered their target price on Sensata Technologies from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lowered their target price on Sensata Technologies from $34.00 to $32.00 and set an "underweight" rating for the company in a research note on Tuesday, November 5th. Truist Financial lowered their target price on Sensata Technologies from $38.00 to $33.00 and set a "hold" rating for the company in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus lowered 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, November 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Sensata Technologies currently has an average rating of "Hold" and a consensus target price of $39.58.

Sensata Technologies Trading Up 0.5 %

Sensata Technologies stock traded up $0.14 during trading hours on Friday, reaching $28.42. 981,693 shares of the company's stock traded hands, compared to its average volume of 1,467,390. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60. Sensata Technologies has a fifty-two week low of $26.65 and a fifty-two week high of $43.14. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of -52.62, a PEG ratio of 0.83 and a beta of 1.24. The firm's 50 day moving average is $29.76 and its 200-day moving average is $34.17.

Sensata Technologies (NYSE:ST - Get Free Report) last released its 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 negative net margin of 1.98% and a positive return on equity of 17.68%. The company had revenue of $982.80 million for the quarter, compared to the consensus estimate of $983.93 million. During the same period in the prior year, the company posted $0.91 EPS. The company's revenue was down 1.8% compared to the same quarter last year. On average, analysts predict that Sensata Technologies will post 3.43 earnings per share for the current year.

Hedge Funds Weigh In On Sensata Technologies

Hedge funds have recently made changes to their positions in the business. Tidal Investments LLC boosted its holdings in shares of Sensata Technologies by 1.1% in the 3rd quarter. Tidal Investments LLC now owns 29,346 shares of the scientific and technical instruments company's stock valued at $1,052,000 after buying an additional 314 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Sensata Technologies by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 11,442 shares of the scientific and technical instruments company's stock valued at $418,000 after buying an additional 403 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Sensata Technologies by 19.0% in the 3rd 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 last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Sensata Technologies by 1.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 46,114 shares of the scientific and technical instruments company's stock valued at $1,654,000 after buying an additional 602 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Sensata Technologies by 61.2% in the 3rd quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company's stock valued at $61,000 after buying an additional 651 shares during the last quarter. 99.42% of the stock is owned by 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.