Wells Fargo & Company Forecasts Strong Price Appreciation for Sensata Technologies (NYSE:ST) Stock

Sensata Technologies (NYSE:ST) had its price target lifted by research analysts at Wells Fargo & Company from $23.00 to $26.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the scientific and technical instruments company’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 4.41% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Oppenheimer dropped their target price on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. reduced their price target on shares of Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, April 17th. UBS Group dropped their price objective on shares of Sensata Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Robert W. Baird reduced their target price on shares of Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Finally, The Goldman Sachs Group boosted their price objective on shares of Sensata Technologies from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Sensata Technologies presently has an average rating of “Hold” and a consensus price target of $34.08.

Sensata Technologies Price Performance

Shares of Sensata Technologies stock opened at $27.20 on Monday. The business has a 50 day moving average of $23.17 and a 200 day moving average of $27.15. Sensata Technologies has a 52 week low of $17.32 and a 52 week high of $42.96. The company has a market cap of $3.98 billion, a PE ratio of 32.38, a P/E/G ratio of 1.25 and a beta of 1.02. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11.

Sensata Technologies (NYSE:ST) last posted its earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $911.26 million for the quarter, compared to the consensus estimate of $878.39 million. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 EPS. As a group, equities research analysts forecast that Sensata Technologies will post 3.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Sensata Technologies by 61.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,036 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 394 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Sensata Technologies by 738.7% during the 4th quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 820 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Sensata Technologies in the 4th quarter valued at $27,000. Signaturefd LLC lifted its stake in shares of Sensata Technologies by 515.5% in the 1st quarter. Signaturefd LLC now owns 1,114 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 933 shares during the period. Finally, National Bank of Canada FI purchased a new stake in Sensata Technologies during the first quarter worth $27,000. 99.42% of the stock is currently 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.