Sensata Technologies (NYSE:ST) Price Target Cut to $65.00 by Analysts at Cowen

Sensata Technologies (NYSE:STGet Rating) had its price target reduced by Cowen from $70.00 to $65.00 in a report released on Wednesday, The Fly reports. Cowen’s target price would suggest a potential upside of 42.89% from the stock’s current price.

Several other equities analysts have also issued reports on ST. Barclays cut their target price on Sensata Technologies from $70.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, April 7th. Robert W. Baird lowered Sensata Technologies from an “outperform” rating to a “neutral” rating and set a $67.00 target price on the stock. in a research note on Friday, January 14th. JPMorgan Chase & Co. boosted their price target on Sensata Technologies from $64.00 to $67.00 in a research note on Thursday, January 20th. StockNews.com began coverage on Sensata Technologies in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Morgan Stanley decreased their price target on Sensata Technologies from $75.00 to $71.00 and set an “overweight” rating for the company in a report on Wednesday, February 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $63.90.

ST opened at $45.49 on Wednesday. The company’s 50-day simple moving average is $52.20 and its two-hundred day simple moving average is $56.55. Sensata Technologies has a 52-week low of $45.34 and a 52-week high of $65.58. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.98 and a current ratio of 3.68. The stock has a market capitalization of $7.14 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.14 and a beta of 1.32.

Sensata Technologies (NYSE:STGet Rating) last posted its earnings results on Tuesday, April 26th. The scientific and technical instruments company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. The firm had revenue of $975.77 million during the quarter, compared to analyst estimates of $960.62 million. Sensata Technologies had a net margin of 9.52% and a return on equity of 19.20%. Sensata Technologies’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share. Research analysts forecast that Sensata Technologies will post 3.94 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP boosted its position in Sensata Technologies by 130.4% during the fourth quarter. Allworth Financial LP now owns 546 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 309 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Sensata Technologies by 1,250.7% during the third quarter. Rockefeller Capital Management L.P. now owns 932 shares of the scientific and technical instruments company’s stock worth $50,000 after buying an additional 863 shares in the last quarter. First Horizon Advisors Inc. grew its position in Sensata Technologies by 61.0% during the third quarter. First Horizon Advisors Inc. now owns 541 shares of the scientific and technical instruments company’s stock worth $54,000 after buying an additional 205 shares in the last quarter. Crewe Advisors LLC acquired a new stake in Sensata Technologies during the fourth quarter valued at approximately $55,000. Finally, Quadrant Capital Group LLC boosted its holdings in Sensata Technologies by 24.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,165 shares of the scientific and technical instruments company’s stock valued at $72,000 after purchasing an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 97.98% of the company’s stock.

About Sensata Technologies (Get Rating)

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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