Sensata Technologies (NYSE:ST) Price Target Cut to $37.00 by Analysts at UBS Group

Sensata Technologies (NYSE:ST) had its price objective dropped by equities research analysts at UBS Group from $38.00 to $37.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the scientific and technical instruments company’s stock. UBS Group’s price objective would indicate a potential upside of 32.17% from the stock’s previous close.

ST has been the topic of a number of other reports. Robert W. Baird reduced their target price on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price target on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a research report on Tuesday, November 5th. Stifel Nicolaus dropped 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. Truist Financial dropped their price target on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. Finally, TD Cowen dropped their price target on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.42.

Sensata Technologies Price Performance

NYSE ST traded up $2.32 on Wednesday, reaching $28.00. The company had a trading volume of 2,220,446 shares, compared to its average volume of 1,530,511. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $4.19 billion, a PE ratio of -51.91, a price-to-earnings-growth ratio of 0.77 and a beta of 1.23. The firm’s 50 day moving average price is $28.11 and its 200 day moving average price is $32.67. Sensata Technologies has a 12 month low of $24.91 and a 12 month high of $43.14.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, hitting 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, equities analysts predict that Sensata Technologies will post 3.44 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. State Street Corp grew its position in shares of Sensata Technologies by 0.4% during the third quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock worth $196,187,000 after buying an additional 23,946 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Sensata Technologies by 66.7% during the third quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company’s stock valued at $23,688,000 after purchasing an additional 264,334 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of Sensata Technologies during the third quarter valued at about $9,791,000. International Assets Investment Management LLC acquired a new position in Sensata Technologies during the third quarter worth about $1,110,000. Finally, Lecap Asset Management Ltd. acquired a new position in Sensata Technologies during the third quarter worth about $683,000. 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.