JPMorgan Chase & Co. Issues Pessimistic Forecast for Sensata Technologies (NYSE:ST) Stock Price

Sensata Technologies (NYSE:ST) had its price target dropped by JPMorgan Chase & Co. from $34.00 to $32.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “underweight” rating on the scientific and technical instruments company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 4.36% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus decreased their price target on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research report on Tuesday. Evercore ISI decreased their target price on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. Vertical Research started coverage on Sensata Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price target on the stock. Robert W. Baird decreased their price objective on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, The Goldman Sachs Group cut their target price on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Sensata Technologies has an average rating of “Hold” and an average price target of $41.00.

Sensata Technologies Trading Up 6.0 %

Shares of NYSE ST opened at $33.46 on Tuesday. The stock has a fifty day simple moving average of $35.44 and a 200-day simple moving average of $37.65. Sensata Technologies has a twelve month low of $30.56 and a twelve month high of $43.14. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $5.05 billion, a PE ratio of -61.96, a PEG ratio of 1.33 and a beta of 1.25.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.86. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.63%. The company had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. During the same period in the prior year, the firm earned $0.91 earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities analysts forecast that Sensata Technologies will post 3.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ST. Foundry Partners LLC boosted its stake in Sensata Technologies by 11.8% in the first quarter. Foundry Partners LLC now owns 120,206 shares of the scientific and technical instruments company’s stock valued at $4,416,000 after acquiring an additional 12,708 shares in the last quarter. Sei Investments Co. boosted its stake in Sensata Technologies by 178.4% during the 1st quarter. Sei Investments Co. now owns 367,005 shares of the scientific and technical instruments company’s stock worth $13,484,000 after purchasing an additional 235,170 shares during the period. Twin Tree Management LP grew its position in Sensata Technologies by 5,796.0% during the 1st quarter. Twin Tree Management LP now owns 100,939 shares of the scientific and technical instruments company’s stock worth $3,708,000 after purchasing an additional 99,227 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in Sensata Technologies by 141.5% in the first quarter. Illinois Municipal Retirement Fund now owns 30,308 shares of the scientific and technical instruments company’s stock valued at $1,114,000 after purchasing an additional 17,757 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Sensata Technologies by 9.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 158,141 shares of the scientific and technical instruments company’s stock worth $5,810,000 after buying an additional 14,186 shares during the period. 99.42% of the stock is owned by hedge funds and other 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.