The Goldman Sachs Group Lowers Sensata Technologies (NYSE:ST) Price Target to $39.00

Sensata Technologies (NYSE:ST) had its price target decreased by analysts at The Goldman Sachs Group from $41.00 to $39.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the scientific and technical instruments company’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 11.11% from the company’s previous close.

Several other research analysts also recently commented on the stock. Bank of America cut their price target on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Wolfe Research started coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Vertical Research started coverage on shares of Sensata Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price objective for the company. Oppenheimer dropped their price objective on shares of Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Finally, Truist Financial dropped their price objective on shares of Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $44.40.

Sensata Technologies Price Performance

NYSE:ST traded down $0.76 during trading hours on Tuesday, hitting $35.10. The stock had a trading volume of 461,301 shares, compared to its average volume of 1,945,902. The company has a 50 day simple moving average of $36.57 and a two-hundred day simple moving average of $37.76. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31. Sensata Technologies has a one year low of $30.56 and a one year high of $43.14. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of -318.79, a P/E/G ratio of 1.46 and a beta of 1.26.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm earned $0.97 EPS. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. Research analysts forecast that Sensata Technologies will post 3.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sensata Technologies

A number of large investors have recently added to or reduced their stakes in ST. GAMMA Investing LLC increased its position in shares of Sensata Technologies by 399.0% in the second quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock valued at $36,000 after acquiring an additional 774 shares during the period. Versant Capital Management Inc purchased a new position in shares of Sensata Technologies in the second quarter valued at about $37,000. Quarry LP boosted its stake in shares of 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 in the last quarter. SageView Advisory Group LLC bought a new stake in shares of Sensata Technologies during the 1st quarter valued at about $85,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of Sensata Technologies by 57.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock valued at $95,000 after purchasing an additional 927 shares in the last quarter. Hedge funds and other institutional investors 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.