Sensata Technologies (NYSE:ST) Stock Price Target Lowered at Truist Financial

Sensata Technologies (NYSE:ST) had its target price dropped by equities research analysts at Truist Financial from $58.00 to $57.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the scientific and technical instruments company’s stock. Truist Financial‘s price objective indicates a potential upside of 38.87% from the company’s previous close.

Other analysts also recently issued research reports about the company. Weiss Ratings downgraded Sensata Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Oppenheimer boosted their target price on Sensata Technologies from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. UBS Group lowered their price target on Sensata Technologies from $57.00 to $54.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Wall Street Zen lowered Sensata Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 20th. Finally, Bank of America raised their price target on Sensata Technologies from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $48.70.

Sensata Technologies Trading Down 3.0%

NYSE:ST traded down $1.27 during trading hours on Wednesday, hitting $41.05. The stock had a trading volume of 1,183,592 shares, compared to its average volume of 1,817,292. Sensata Technologies has a one year low of $28.16 and a one year high of $53.89. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.58 and a current ratio of 2.29. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 68.36, a P/E/G ratio of 1.22 and a beta of 1.25. The business’s 50 day moving average is $42.00 and its 200-day moving average is $41.77.

Sensata Technologies (NYSE:ST) last posted its earnings results on Tuesday, October 27th. The scientific and technical instruments company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.17. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $972.97 million. Sensata Technologies had a net margin of 2.37% and a return on equity of 18.68%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $0.89 earnings per share. Sell-side analysts anticipate that Sensata Technologies will post 3.77 EPS for the current fiscal year.

Institutional Trading of Sensata Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Sensata Technologies in the second quarter valued at about $4,824,000. Hudson Edge Investment Partners Inc. acquired a new position in Sensata Technologies during the first quarter valued at approximately $951,000. Foster & Motley Inc. acquired a new position in Sensata Technologies during the second quarter valued at approximately $2,776,000. Cullen Capital Management LLC acquired a new position in Sensata Technologies during the second quarter valued at approximately $1,415,000. Finally, Greenland Capital Management LP bought a new position in Sensata Technologies in the second quarter valued at approximately $826,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

Key Headlines Impacting Sensata Technologies

Here are the key news stories impacting Sensata Technologies this week:

• Positive Sentiment: Sensata reported third-quarter earnings of $1.13 per share, well above the $0.96 analyst consensus and up from $0.89 a year earlier. Revenue rose 7.7% year over year to approximately $1.0 billion, also exceeding expectations. Sensata Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Truist Securities maintained its Buy rating, although it trimmed its price target modestly to $57 from $58. The revised target still implies meaningful upside from recent trading levels. Truist Adjusts Sensata Price Target
• Positive Sentiment: Zacks highlighted Sensata as a strongly rated value stock, which may attract investors seeking relatively favorable valuation characteristics. Why Sensata Is a Strong Value Stock
• Neutral Sentiment: The stock recently moved above its 200-day moving average, a technical development that could support longer-term sentiment, though it does not change the near-term earnings outlook. Sensata Stock Crosses Above 200-Day Moving Average
• Negative Sentiment: Management’s fourth-quarter revenue guidance was viewed as weak, prompting the market reaction. The outlook suggests slower near-term growth and outweighed the third-quarter beat, while investors await additional details from the earnings call. Sensata Falls on Weak Fourth-Quarter Revenue Guidance

About Sensata Technologies

Sensata Technologies Holding plc (NYSE: ST) is a global developer and manufacturer of sensing, control and protection solutions. The company supplies components that help monitor conditions, improve safety and efficiency, and support automated decision-making in vehicles, industrial equipment and other systems.

Its products include pressure, temperature, position, speed, force, current and fluid-level sensors, along with circuit breakers, controls and other protection devices. Sensata’s technologies are used in applications such as automotive systems, heavy-duty vehicles, industrial machinery, heating and air-conditioning equipment, aerospace and defense, energy infrastructure, and data centers.

Sensata serves original equipment manufacturers and other industrial customers across North America, Europe, Asia and additional international markets.