Sensata Technologies (NYSE:ST) Lifted to “Outperform” at Evercore ISI


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Evercore ISI upgraded shares of Sensata Technologies (NYSE:ST) from an in-line rating to an outperform rating in a research report released on Sunday morning, Analyst Price Targets reports. The brokerage currently has $67.00 price objective on the scientific and technical instruments company’s stock, up from their prior price objective of $60.00.

A number of other equities analysts have also recently weighed in on ST. Zacks Investment Research downgraded Sensata Technologies from a buy rating to a hold rating and set a $53.00 price target on the stock. in a research report on Tuesday, December 22nd. JPMorgan Chase & Co. upgraded Sensata Technologies from a neutral rating to an overweight rating and increased their target price for the company from $61.00 to $72.00 in a research report on Monday, March 8th. Morgan Stanley boosted their price target on shares of Sensata Technologies from $68.00 to $72.00 and gave the stock an overweight rating in a report on Monday, March 29th. Finally, Barclays lifted their target price on shares of Sensata Technologies from $65.00 to $70.00 and gave the company an overweight rating in a research report on Thursday, April 15th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $54.33.

Shares of ST stock opened at $56.62 on Friday. The stock has a market cap of $8.94 billion, a P/E ratio of 92.82, a P/E/G ratio of 1.56 and a beta of 1.57. Sensata Technologies has a twelve month low of $31.04 and a twelve month high of $64.80. The stock has a 50 day moving average of $59.76 and a 200 day moving average of $53.41. The company has a current ratio of 4.33, a quick ratio of 3.63 and a debt-to-equity ratio of 1.55.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Tuesday, February 2nd. The scientific and technical instruments company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.07. The firm had revenue of $906.50 million for the quarter, compared to the consensus estimate of $891.96 million. Sensata Technologies had a net margin of 3.22% and a return on equity of 14.00%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 earnings per share. On average, research analysts predict that Sensata Technologies will post 2.12 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lowe Wealth Advisors LLC purchased a new position in Sensata Technologies during the first quarter worth about $39,000. International Assets Investment Management LLC purchased a new position in Sensata Technologies in the fourth quarter worth approximately $56,000. Marshall Wace North America L.P. acquired a new position in shares of Sensata Technologies during the first quarter worth $77,000. Heritage Wealth Advisors increased its holdings in shares of Sensata Technologies by 54.0% in the 4th quarter. Heritage Wealth Advisors now owns 1,640 shares of the scientific and technical instruments company’s stock valued at $86,000 after acquiring an additional 575 shares during the last quarter. Finally, NEXT Financial Group Inc purchased a new stake in shares of Sensata Technologies during the 4th quarter worth approximately $98,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Sensata Technologies Company Profile

Sensata Technologies Holding plc, through its subsidiaries, develops, manufactures, and sells sensors, sensor-based solutions, controls, and other products in the Americas, Europe, Asia, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment offers pressure sensors, including microfused strain gage, ceramic capacitive, and micro-electromechanical sensors; speed and position sensors, such as magnetic speed and position sensors, and mechanical/electrical control systems; and temperature sensors.

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Analyst Recommendations for Sensata Technologies (NYSE:ST)

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