Evercore ISI Trims Sensata Technologies (NYSE:ST) Target Price to $50.00

Sensata Technologies (NYSE:ST - Get Free Report) had its target price reduced by equities researchers at Evercore ISI from $60.00 to $50.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an "outperform" rating on the scientific and technical instruments company's stock. Evercore ISI's price target suggests a potential upside of 41.04% from the company's previous close.

Several other analysts also recently issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of Sensata Technologies from $41.00 to $39.00 and set a "neutral" rating for the company in a research note on Tuesday, October 1st. JPMorgan Chase & Co. cut their price target on shares of Sensata Technologies from $35.00 to $34.00 and set an "underweight" rating on the stock in a report on Friday, October 4th. Oppenheimer lowered their price objective on shares of Sensata Technologies from $50.00 to $47.00 and set an "outperform" rating for the company in a research note on Wednesday, July 31st. Vertical Research assumed coverage on shares of Sensata Technologies in a research report on Tuesday, July 23rd. They issued a "buy" rating and a $55.00 price objective for the company. Finally, Bank of America cut their target price on shares of Sensata Technologies from $44.00 to $41.00 and set a "neutral" rating for the company in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $43.40.

Sensata Technologies Trading Down 2.9 %

NYSE:ST traded down $1.04 during mid-day trading on Tuesday, reaching $35.45. 828,271 shares of the company's stock traded hands, compared to its average volume of 1,906,684. Sensata Technologies has a 12-month low of $30.56 and a 12-month high of $43.14. The company has a 50 day moving average price of $36.11 and a 200-day moving average price of $37.71. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 912.48, a PEG ratio of 1.39 and a beta of 1.25.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS for the quarter, hitting analysts' consensus estimates of $0.93. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.04 billion. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The business's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. On average, sell-side analysts predict that Sensata Technologies will post 3.56 earnings per share for the current year.

Hedge Funds Weigh In On Sensata Technologies

Several large investors have recently bought and sold shares of ST. Vanguard Group Inc. lifted its position in shares of Sensata Technologies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 14,910,505 shares of the scientific and technical instruments company's stock worth $560,188,000 after purchasing an additional 69,837 shares in the last quarter. Millennium Management LLC grew its stake in shares of Sensata Technologies by 84.8% in the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company's stock worth $189,158,000 after acquiring an additional 2,321,782 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Sensata Technologies by 16.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company's stock worth $173,627,000 after acquiring an additional 658,728 shares during the last quarter. Eminence Capital LP boosted its stake in Sensata Technologies by 31.8% during the second quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company's stock worth $127,998,000 after buying an additional 826,353 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Sensata Technologies by 64.5% during the second quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company's stock worth $69,350,000 after buying an additional 727,521 shares in the last quarter. Institutional investors and hedge funds 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.