Evercore ISI Increases Sensata Technologies (NYSE:ST) Price Target to $44.00

Sensata Technologies (NYSE:ST) had its target price increased by equities researchers at Evercore ISI from $36.00 to $44.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “in-line” rating on the scientific and technical instruments company’s stock. Evercore ISI’s target price indicates a potential upside of 10.17% from the stock’s previous close.

Several other analysts have also commented on the company. Stifel Nicolaus boosted their price objective on Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday. Bank of America cut shares of Sensata Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $46.00 to $38.00 in a research report on Wednesday, February 7th. The Goldman Sachs Group reissued a “neutral” rating and set a $36.00 target price (down previously from $44.00) on shares of Sensata Technologies in a research note on Tuesday, April 9th. JPMorgan Chase & Co. lowered shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $37.00 to $34.00 in a research note on Monday, January 8th. Finally, Jefferies Financial Group began coverage on Sensata Technologies in a report on Tuesday, April 9th. They set a “hold” rating and a $40.00 target price for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.56.

Sensata Technologies Stock Performance

Shares of ST stock traded up $4.18 during trading hours on Tuesday, hitting $39.94. The company’s stock had a trading volume of 4,018,921 shares, compared to its average volume of 1,998,570. The company has a current ratio of 2.55, a quick ratio of 1.69 and a debt-to-equity ratio of 1.13. The company has a 50 day moving average of $35.10 and a 200 day moving average of $34.65. Sensata Technologies has a 12-month low of $30.56 and a 12-month high of $47.41. The stock has a market cap of $6.01 billion, a PE ratio of -803.44, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Monday, April 29th. The scientific and technical instruments company reported $0.89 EPS 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 analyst estimates of $986.51 million. During the same quarter in the prior year, the firm posted $0.92 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, sell-side analysts forecast that Sensata Technologies will post 3.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Sensata Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Sensata Technologies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 14,910,505 shares of the scientific and technical instruments company’s stock valued at $560,188,000 after purchasing an additional 69,837 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Sensata Technologies by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,084,921 shares of the scientific and technical instruments company’s stock valued at $192,312,000 after purchasing an additional 62,468 shares during the period. Shapiro Capital Management LLC lifted its position in shares of Sensata Technologies by 4.5% during the 3rd quarter. Shapiro Capital Management LLC now owns 4,358,416 shares of the scientific and technical instruments company’s stock valued at $164,835,000 after acquiring an additional 186,627 shares during the period. Kodai Capital Management LP purchased a new stake in shares of Sensata Technologies during the 4th quarter worth approximately $133,156,000. Finally, Dimensional Fund Advisors LP increased its stake in Sensata Technologies by 15.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,415,576 shares of the scientific and technical instruments company’s stock valued at $128,325,000 after purchasing an additional 455,237 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

About Sensata Technologies

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.