UBS Group Lowers Sensata Technologies (NYSE:ST) Price Target to $30.00

Sensata Technologies (NYSE:ST) had its price objective reduced by stock analysts at UBS Group from $37.00 to $30.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the scientific and technical instruments company’s stock. UBS Group’s price target would suggest a potential upside of 54.00% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Evercore ISI cut Sensata Technologies from an “outperform” rating to an “inline” rating and cut their price target for the company from $40.00 to $27.00 in a report on Thursday, April 3rd. Oppenheimer dropped their target price on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group raised shares of Sensata Technologies from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $31.00 to $27.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $36.73.

Sensata Technologies Stock Performance

ST traded down $1.40 during midday trading on Thursday, reaching $19.48. The company had a trading volume of 1,588,739 shares, compared to its average volume of 1,782,590. Sensata Technologies has a 1 year low of $17.32 and a 1 year high of $43.14. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. The company has a market cap of $2.91 billion, a P/E ratio of 23.31, a P/E/G ratio of 1.25 and a beta of 1.12. The business has a 50-day moving average of $26.31 and a two-hundred day moving average of $29.71.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. As a group, equities research analysts predict that Sensata Technologies will post 3.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Blue Trust Inc. increased its holdings in Sensata Technologies by 738.7% in the 4th quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 820 shares during the period. Brown Brothers Harriman & Co. acquired a new position in Sensata Technologies during the fourth quarter valued at $27,000. Parallel Advisors LLC boosted its holdings in Sensata Technologies by 278.8% in the first quarter. Parallel Advisors LLC now owns 1,519 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 1,118 shares during the last quarter. Venturi Wealth Management LLC grew its position in Sensata Technologies by 67.6% during the 4th quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company’s stock worth $56,000 after purchasing an additional 817 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in shares of Sensata Technologies by 48.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company’s stock valued at $69,000 after buying an additional 820 shares during the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

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.