Oppenheimer Has Lowered Expectations for Sensata Technologies (NYSE:ST) Stock Price

Sensata Technologies (NYSE:ST - Get Free Report) had its price target decreased by analysts at Oppenheimer from $44.00 to $40.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the scientific and technical instruments company's stock. Oppenheimer's price target would suggest a potential upside of 35.26% from the stock's current price.

Several other brokerages have also weighed in on ST. Robert W. Baird decreased 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. JPMorgan Chase & Co. reduced their price target on shares of Sensata Technologies from $34.00 to $32.00 and set an "underweight" rating on the stock in a research report on Tuesday, November 5th. Evercore ISI reduced their price target on shares of Sensata Technologies from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. The Goldman Sachs Group reduced their price target on shares of Sensata Technologies from $36.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Finally, Truist Financial reduced their price target on shares of Sensata Technologies from $38.00 to $33.00 and set a "hold" rating on the stock in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $39.08.

Sensata Technologies Stock Up 2.5 %

ST stock traded up $0.72 during mid-day trading on Thursday, hitting $29.57. 2,151,983 shares of the company were exchanged, compared to its average volume of 1,412,341. The company has a market capitalization of $4.42 billion, a PE ratio of -54.76, a price-to-earnings-growth ratio of 0.77 and a beta of 1.23. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. Sensata Technologies has a twelve month low of $24.91 and a twelve month high of $43.14. The firm has a fifty day simple moving average of $27.96 and a 200 day simple moving average of $32.46.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. On average, research analysts forecast that Sensata Technologies will post 3.44 earnings per share for the current fiscal year.

Institutional Trading of Sensata Technologies

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. lifted its position in Sensata Technologies by 738.7% in the 4th quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company's stock valued at $26,000 after purchasing an additional 820 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Sensata Technologies during the 4th quarter valued at about $27,000. Quarry LP increased its stake in Sensata Technologies by 61.2% during 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 period. Venturi Wealth Management LLC increased its stake in Sensata Technologies by 67.6% during the 4th quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company's stock valued at $56,000 after buying an additional 817 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in Sensata Technologies by 48.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company's stock valued at $69,000 after buying an additional 820 shares during the period. 99.42% of the stock is currently 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.