Truist Financial Lowers Sensata Technologies (NYSE:ST) Price Target to $38.00

Sensata Technologies (NYSE:ST) had its price target lowered by equities researchers at Truist Financial from $46.00 to $38.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the scientific and technical instruments company’s stock. Truist Financial’s price objective would suggest a potential downside of 2.54% from the stock’s previous close.

Several other research analysts also recently commented on the company. Evercore ISI upgraded Sensata Technologies from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $44.00 to $60.00 in a report on Monday, May 6th. Stifel Nicolaus increased their price target on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Jefferies Financial Group initiated coverage on shares of Sensata Technologies in a research report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price target on the stock. Robert W. Baird upped their price objective on shares of Sensata Technologies from $37.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Finally, Vertical Research initiated coverage on Sensata Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $44.10.

Sensata Technologies Price Performance

Shares of Sensata Technologies stock opened at $38.99 on Tuesday. Sensata Technologies has a 1-year low of $30.56 and a 1-year high of $43.14. The firm has a fifty day simple moving average of $39.25 and a 200-day simple moving average of $37.23. The company has a current ratio of 2.64, a quick ratio of 1.74 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of -354.45, a PEG ratio of 1.09 and a beta of 1.26.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.49%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 earnings per share. On average, sell-side analysts expect that Sensata Technologies will post 3.75 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Securities Inc. bought a new stake in Sensata Technologies during the 4th quarter worth about $29,000. Parkside Financial Bank & Trust raised its position in Sensata Technologies by 761.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock worth $33,000 after purchasing an additional 784 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Sensata Technologies by 399.0% during the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 774 shares in the last quarter. Versant Capital Management Inc bought a new position in Sensata Technologies in the 2nd quarter valued at $37,000. Finally, SageView Advisory Group LLC acquired a new stake in shares of Sensata Technologies in the 1st quarter valued at $85,000. 99.42% of the stock is owned by institutional investors.

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.