Oppenheimer Lowers Sensata Technologies (NYSE:ST) Price Target to $40.00

Sensata Technologies (NYSE:ST) had its price objective lowered by stock analysts at Oppenheimer from $44.00 to $40.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the scientific and technical instruments company’s stock. Oppenheimer’s price objective would suggest a potential upside of 35.26% from the company’s current price.

Several other analysts also recently issued reports on ST. Stifel Nicolaus reduced their price target 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, November 5th. TD Cowen cut their price objective on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. JPMorgan Chase & Co. cut their price objective on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Robert W. Baird cut their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, UBS Group cut their price objective on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $39.08.

Sensata Technologies Stock Performance

NYSE:ST opened at $29.57 on Thursday. The company has a fifty day moving average of $27.99 and a 200-day moving average of $32.61. The firm has a market capitalization of $4.42 billion, a P/E ratio of -54.76, a P/E/G ratio of 0.77 and a beta of 1.23. The company has a quick ratio of 1.76, a current ratio of 2.60 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.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, meeting 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%. As a group, sell-side analysts anticipate that Sensata Technologies will post 3.44 EPS for the current year.

Institutional Investors Weigh In On Sensata Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Tidal Investments LLC increased its position in shares of Sensata Technologies by 1.1% in the third quarter. Tidal Investments LLC now owns 29,346 shares of the scientific and technical instruments company’s stock worth $1,052,000 after purchasing an additional 314 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Sensata Technologies by 3.7% in the third quarter. Franklin Resources Inc. now owns 11,442 shares of the scientific and technical instruments company’s stock worth $418,000 after purchasing an additional 403 shares during the last quarter. Arizona State Retirement System increased its position in shares of Sensata Technologies by 0.9% in the fourth quarter. Arizona State Retirement System now owns 43,810 shares of the scientific and technical instruments company’s stock worth $1,200,000 after purchasing an additional 405 shares during the last quarter. Assetmark Inc. increased its position in shares of Sensata Technologies by 19.0% in the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock worth $93,000 after purchasing an additional 416 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Sensata Technologies by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 65,706 shares of the scientific and technical instruments company’s stock worth $1,800,000 after purchasing an additional 420 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.