Sensata Technologies (NYSE:ST) PT Lowered to $49.00 at Royal Bank of Canada – MarketBeat

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Sensata Technologies (NYSE:ST – Get Rating) had its target price dropped by research analysts at Royal Bank of Canada from $51.00 to $49.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the scientific and technical instruments company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 24.52% from the stock’s previous close.
ST has been the subject of several other reports. Citigroup decreased their price objective on shares of Sensata Technologies from $45.00 to $42.00 and set a “neutral” rating for the company in a report on Wednesday. Stifel Nicolaus decreased their price target on shares of Sensata Technologies from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, October 10th. JPMorgan Chase & Co. increased their price target on shares of Sensata Technologies from $42.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, October 10th. StockNews.com started coverage on shares of Sensata Technologies in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Evercore ISI decreased their price target on shares of Sensata Technologies from $56.00 to $50.00 and set an “in-line” rating for the company in a research note on Tuesday, June 28th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.93.

Sensata Technologies Trading Down 0.3 %

ST traded down $0.11 during trading on Wednesday, hitting $39.35. 40,151 shares of the stock traded hands, compared to its average volume of 1,660,963. The firm has a market capitalization of $6.11 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 1.12 and a beta of 1.26. The company has a debt-to-equity ratio of 1.40, a current ratio of 3.52 and a quick ratio of 2.78. The firm has a 50-day moving average of $40.36 and a 200 day moving average of $43.18. Sensata Technologies has a 12-month low of $36.64 and a 12-month high of $65.58.
Sensata Technologies (NYSE:ST – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The scientific and technical instruments company reported $0.83 earnings per share for the quarter, meeting the consensus estimate of $0.83. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Sensata Technologies had a net margin of 6.55% and a return on equity of 17.40%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 EPS. Equities research analysts anticipate that Sensata Technologies will post 3.36 EPS for the current year.

Hedge Funds Weigh In On Sensata Technologies

A number of hedge funds have recently added to or reduced their stakes in ST. NorthCrest Asset Manangement LLC raised its stake in shares of Sensata Technologies by 45.1% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 6,989 shares of the scientific and technical instruments company’s stock worth $355,000 after acquiring an additional 2,171 shares in the last quarter. Boston Trust Walden Corp grew its stake in Sensata Technologies by 13.1% during the 1st quarter. Boston Trust Walden Corp now owns 13,275 shares of the scientific and technical instruments company’s stock worth $675,000 after buying an additional 1,538 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Sensata Technologies by 9.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,640 shares of the scientific and technical instruments company’s stock valued at $1,711,000 after buying an additional 2,778 shares in the last quarter. Strs Ohio boosted its holdings in Sensata Technologies by 29.9% in the first quarter. Strs Ohio now owns 31,694 shares of the scientific and technical instruments company’s stock worth $1,611,000 after acquiring an additional 7,289 shares in the last quarter. Finally, Sciencast Management LP purchased a new stake in shares of Sensata Technologies during the first quarter worth about $213,000. 98.58% of the stock is currently owned by institutional investors.

About Sensata Technologies

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Sensata Technologies Holding plc develops, manufactures, and sells sensors, sensor-based solutions, controls, and other products in the Americas, Europe, Asia, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures sensors, high-voltage contactors, and other solutions used in mission-critical systems and applications, such as tire pressure monitoring, thermal management, electrical protection, regenerative braking, powertrain (engine/transmission), and exhaust management.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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