Sensata Technologies (NYSE:ST) PT Lowered to $65.00 at Cowen

Sensata Technologies (NYSE:STGet Rating) had its target price cut by research analysts at Cowen from $70.00 to $65.00 in a report released on Wednesday, Stock Target Advisor reports. Cowen’s price target points to a potential upside of 46.76% from the company’s current price.

ST has been the subject of a number of other research reports. Truist Financial cut their price target on shares of Sensata Technologies from $62.00 to $55.00 and set a “hold” rating for the company in a report on Friday, April 8th. UBS Group raised shares of Sensata Technologies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $62.00 to $68.00 in a research note on Monday, February 14th. Robert W. Baird cut shares of Sensata Technologies from an “outperform” rating to a “neutral” rating and set a $67.00 target price on the stock. in a research report on Friday, January 14th. Citigroup reduced their price target on shares of Sensata Technologies from $60.00 to $50.00 in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Sensata Technologies from $64.00 to $67.00 in a research report on Thursday, January 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sensata Technologies currently has a consensus rating of “Hold” and an average price target of $64.00.

ST stock traded down $1.20 during midday trading on Wednesday, reaching $44.29. 145,704 shares of the company were exchanged, compared to its average volume of 1,629,982. The stock’s 50-day simple moving average is $52.20 and its 200 day simple moving average is $56.55. Sensata Technologies has a 1-year low of $45.34 and a 1-year 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 company has a market cap of $6.95 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 1.14 and a beta of 1.32.

Sensata Technologies (NYSE:STGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The scientific and technical instruments company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.02. The firm had revenue of $975.77 million during the quarter, compared to analysts’ expectations of $960.62 million. Sensata Technologies had a net margin of 9.52% and a return on equity of 19.20%. Sensata Technologies’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 EPS. On average, research analysts anticipate that Sensata Technologies will post 3.94 earnings per share for the current year.

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

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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