Sensata Technologies (NYSE:ST) Price Target Raised to $47.00 at Robert W. Baird

Sensata Technologies (NYSE:ST) had its price target upped by stock analysts at Robert W. Baird from $37.00 to $47.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the scientific and technical instruments company’s stock. Robert W. Baird’s price target suggests a potential upside of 20.82% from the stock’s current price.

Several other analysts have also issued reports on the company. JPMorgan Chase & Co. lowered Sensata Technologies from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $37.00 to $34.00 in a research note on Monday, January 8th. Evercore ISI boosted their price objective on Sensata Technologies from $36.00 to $44.00 and gave the company an “in-line” rating in a research note on Tuesday. Jefferies Financial Group assumed coverage on Sensata Technologies in a research note on Tuesday, April 9th. They set a “hold” rating and a $40.00 price objective on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 price objective (down from $44.00) on shares of Sensata Technologies in a research note on Tuesday, April 9th. Finally, Truist Financial decreased their target price on Sensata Technologies from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.89.

Sensata Technologies Stock Performance

ST stock traded up $3.14 during midday trading on Tuesday, hitting $38.90. The company’s stock had a trading volume of 7,449,306 shares, compared to its average volume of 2,044,521. The stock’s 50-day moving average price is $35.10 and its 200 day moving average price is $34.65. The company has a quick ratio of 1.69, a current ratio of 2.55 and a debt-to-equity ratio of 1.13. Sensata Technologies has a 1 year low of $30.56 and a 1 year high of $47.41. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of -779.64, a PEG ratio of 0.85 and a beta of 1.37.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.03. Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $986.51 million. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, equities analysts forecast that Sensata Technologies will post 3.72 EPS for the current year.

Hedge Funds Weigh In On Sensata Technologies

Several large investors have recently made changes to their positions in the business. Amalgamated Bank lifted its position in shares of Sensata Technologies by 0.3% in the first quarter. Amalgamated Bank now owns 94,351 shares of the scientific and technical instruments company’s stock valued at $3,466,000 after acquiring an additional 310 shares in the last quarter. Fulton Bank N.A. lifted its position in shares of Sensata Technologies by 1.2% in the first quarter. Fulton Bank N.A. now owns 25,912 shares of the scientific and technical instruments company’s stock worth $952,000 after buying an additional 317 shares in the last quarter. Northwest Investment Counselors LLC lifted its position in shares of Sensata Technologies by 1.1% in the first quarter. Northwest Investment Counselors LLC now owns 28,174 shares of the scientific and technical instruments company’s stock worth $1,035,000 after buying an additional 320 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Sensata Technologies by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 66,248 shares of the scientific and technical instruments company’s stock worth $2,505,000 after buying an additional 340 shares in the last quarter. Finally, M&T Bank Corp raised its position in Sensata Technologies by 7.1% during the third quarter. M&T Bank Corp now owns 6,312 shares of the scientific and technical instruments company’s stock valued at $239,000 after purchasing an additional 421 shares during the period. 99.42% of the stock is currently owned by hedge funds and other 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.