Sensata Technologies (ST) Stock Rating Reaffirmed by Bank of America
Sensata Technologies (NYSE:ST)‘s stock had its “buy” rating reaffirmed by research analysts at Bank of America in a research report issued to clients and investors on Thursday. They currently have a $60.00 price target on the scientific and technical instruments company’s stock, up from their prior price target of $55.00. Bank of America’s target price indicates a potential upside of 14.46% from the company’s previous close.
Several other research analysts have also issued reports on the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $55.00 target price on shares of Sensata Technologies in a research report on Wednesday. Stifel Nicolaus increased their price objective on Sensata Technologies from $55.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets increased their price objective on Sensata Technologies from $45.00 to $47.00 and gave the company a “market perform” rating in a report on Wednesday. Oppenheimer reissued a “buy” rating and issued a $62.00 price objective (up from $57.00) on shares of Sensata Technologies in a report on Wednesday. Finally, Morgan Stanley increased their price objective on Sensata Technologies from $48.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $54.42.
Shares of Sensata Technologies (NYSE ST) opened at $52.42 on Thursday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.04 and a current ratio of 2.76. The firm has a market capitalization of $8,849.17, a price-to-earnings ratio of 16.72, a P/E/G ratio of 1.62 and a beta of 1.46. Sensata Technologies has a 12 month low of $38.71 and a 12 month high of $52.64.
Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The firm had revenue of $819.10 million during the quarter, compared to analysts’ expectations of $803.14 million. Sensata Technologies had a return on equity of 25.75% and a net margin of 9.39%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS. analysts anticipate that Sensata Technologies will post 3.17 earnings per share for the current fiscal year.
In other Sensata Technologies news, COO Jeffrey J. Cote sold 26,689 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $48.05, for a total transaction of $1,282,406.45. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul B. Edgerley purchased 200,000 shares of the stock in a transaction on Thursday, November 16th. The shares were acquired at an average price of $47.47 per share, for a total transaction of $9,494,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 80,000 shares of company stock worth $3,870,245. 1.00% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of ST. Taylor Cottrill Erickson & Associates Inc. increased its holdings in shares of Sensata Technologies by 25.8% in the third quarter. Taylor Cottrill Erickson & Associates Inc. now owns 24,275 shares of the scientific and technical instruments company’s stock valued at $1,167,000 after purchasing an additional 4,975 shares during the last quarter. Swiss National Bank increased its stake in Sensata Technologies by 1.2% during the third quarter. Swiss National Bank now owns 630,250 shares of the scientific and technical instruments company’s stock worth $30,296,000 after acquiring an additional 7,700 shares during the last quarter. Capital Advisors Inc. OK acquired a new stake in Sensata Technologies during the second quarter worth $7,549,000. British Airways Pensions Investment Management Ltd acquired a new stake in Sensata Technologies during the third quarter worth $15,458,000. Finally, Rhumbline Advisers acquired a new stake in Sensata Technologies during the second quarter worth $7,016,000.
ILLEGAL ACTIVITY WARNING: This story was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.watchlistnews.com/sensata-technologies-st-stock-rating-reaffirmed-by-bank-of-america/1763159.html.
About Sensata Technologies
Sensata Technologies Holding N.V. is an industrial technology company. The Company is engaged in the development, manufacture, and sale of sensors and controls. The Company operates through two segments: Performance Sensing and Sensing Solutions. It produces a range of sensors and controls for applications, such as pressure sensors in automotive systems, thermal circuit breakers in aircraft, and bimetal current and temperature control devices.
Receive News & Ratings for Sensata Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sensata Technologies and related companies with Analyst Ratings Network's FREE daily email newsletter.