Evercore ISI Downgrades Sensata Technologies (NYSE:ST) to Inline

Sensata Technologies (NYSE:ST) was downgraded by stock analysts at Evercore ISI from an “outperform” rating to an “inline” rating in a research report issued on Thursday, Marketbeat Ratings reports. They currently have a $27.00 price objective on the scientific and technical instruments company’s stock, down from their prior price objective of $40.00. Evercore ISI’s target price suggests a potential upside of 44.58% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. UBS Group reduced their target price on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. The Goldman Sachs Group reduced their price objective on Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Oppenheimer lowered their target price on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $38.00.

Sensata Technologies Price Performance

Shares of NYSE:ST opened at $18.68 on Thursday. Sensata Technologies has a one year low of $17.51 and a one year high of $43.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 1.25 and a beta of 1.20. The company’s fifty day moving average price is $27.16 and its 200-day moving average price is $30.28.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. On average, equities research analysts anticipate that Sensata Technologies will post 3.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Cerity Partners LLC raised its holdings in Sensata Technologies by 42.0% in the third quarter. Cerity Partners LLC now owns 18,215 shares of the scientific and technical instruments company’s stock worth $653,000 after purchasing an additional 5,392 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Sensata Technologies by 0.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 385,305 shares of the scientific and technical instruments company’s stock valued at $13,817,000 after acquiring an additional 2,471 shares during the period. Captrust Financial Advisors boosted its stake in Sensata Technologies by 21.5% during the third quarter. Captrust Financial Advisors now owns 7,146 shares of the scientific and technical instruments company’s stock worth $256,000 after acquiring an additional 1,264 shares in the last quarter. Atom Investors LP purchased a new stake in Sensata Technologies in the third quarter worth about $362,000. Finally, Holocene Advisors LP increased its stake in shares of Sensata Technologies by 80.7% during the third quarter. Holocene Advisors LP now owns 147,333 shares of the scientific and technical instruments company’s stock valued at $5,283,000 after purchasing an additional 65,801 shares in the last quarter. 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.