Oppenheimer Cuts Sensata Technologies (NYSE:ST) Price Target to $44.00

Sensata Technologies (NYSE:ST - Get Free Report) had its target price lowered by research analysts at Oppenheimer from $47.00 to $44.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an "outperform" rating on the scientific and technical instruments company's stock. Oppenheimer's price objective points to a potential upside of 39.37% from the company's current price.

A number of other research firms also recently issued reports on ST. Vertical Research initiated coverage on Sensata Technologies in a research note on Tuesday, July 23rd. They issued a "buy" rating and a $55.00 price target on the stock. Bank of America dropped their target price on Sensata Technologies from $44.00 to $41.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 30th. The Goldman Sachs Group lowered their price objective on shares of Sensata Technologies from $41.00 to $39.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 1st. Stifel Nicolaus cut their target price on shares of Sensata Technologies from $43.00 to $38.00 and set a "hold" rating for the company in a research report on Tuesday. Finally, Wolfe Research initiated coverage on shares of Sensata Technologies in a research report on Thursday, September 5th. They issued a "peer perform" rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $40.80.

Sensata Technologies Stock Down 6.2 %

Shares of ST stock traded down $2.07 during mid-day trading on Tuesday, hitting $31.57. The company's stock had a trading volume of 3,304,608 shares, compared to its average volume of 1,866,986. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 788.70, a PEG ratio of 1.36 and a beta of 1.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.31 and a current ratio of 1.77. Sensata Technologies has a 52-week low of $30.56 and a 52-week high of $43.14. The business has a 50-day moving average price of $35.65 and a 200 day moving average price of $37.70.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its quarterly 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 net margin of 0.21% and a return on equity of 17.57%. The firm had revenue of $982.80 million for the quarter, compared to the consensus estimate of $983.93 million. During the same quarter last year, the firm posted $0.91 EPS. The business's quarterly revenue was down 1.8% compared to the same quarter last year. Research analysts predict that Sensata Technologies will post 3.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ST. Millennium Management LLC grew its holdings in Sensata Technologies by 84.8% during the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company's stock valued at $189,158,000 after buying an additional 2,321,782 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings 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 valued at $173,627,000 after purchasing an additional 658,728 shares in the last quarter. Eminence Capital LP increased its position in Sensata Technologies by 31.8% in 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 purchasing an additional 826,353 shares during the last quarter. Victory Capital Management Inc. raised 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 valued at $69,350,000 after purchasing an additional 727,521 shares in the last quarter. Finally, Copeland Capital Management LLC lifted its position in Sensata Technologies by 21.7% during the third quarter. Copeland Capital Management LLC now owns 1,788,320 shares of the scientific and technical instruments company's stock valued at $64,129,000 after purchasing an additional 319,424 shares during the last quarter. 99.42% of the stock is currently owned by 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.