Sensata Technologies (NYSE: ST) Price target raised to $ 73.00 by Morgan Stanley analysts
Sensata Technologies (NYSE: ST) saw its target price raised by stock analysts at Morgan Stanley from $ 72.00 to $ 73.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the shares of the S&T company. Morgan Stanley’s price target would point to a potential rise of 23.19% from the company’s previous close.
Several other research companies have also published reports on S&T. JPMorgan Chase & Co. raised Sensata Technologies from a “neutral” to an “overweight” rating and increased its target price for the share from $ 61.00 to $ 72.00 in a research note on Monday 8 March. Evercore ISI upgraded Sensata Technologies from an “online” rating to an “outperforming” rating and increased its target price for the stock from $ 60.00 to $ 67.00 in a research note Monday. Barclays raised its target price on Sensata Technologies from $ 65.00 to $ 70.00 and rated the stock “overweight” in a research note on Thursday, April 15. Finally, the Royal Bank of Canada raised its price target on Sensata Technologies from $ 66.00 to $ 70.00 and gave the company an “outperformance” rating in a research report on Wednesday. Seven analysts rated the stock with a maintenance rating, ten gave the company a buy rating, and one gave the company a strong buy rating. The company has a consensus rating of “Buy” and an average price target of $ 55.38.
Actions of Action Sensata Technologies traded as high as $ 0.55 during trading hours on Wednesday, reaching $ 59.26. The company’s shares had a trading volume of 1,607 shares, compared to an average volume of 1,162,483. Sensata Technologies has a 12-month low of $ 31.50 and a 12-month high of $ 64.80. The company has a fifty-day moving average of $ 59.71 and a 200-day moving average of $ 53.88. The stock has a market cap of $ 9.36 billion, a price / earnings ratio of 96.36, a P / E / G ratio of 1.56, and a beta of 1.57. The company has a debt to equity ratio of 1.55, a quick ratio of 3.63 and a current ratio of 4.33.
Sensata Technologies (NYSE: ST) last reported its quarterly results on Tuesday, April 27. The science and engineering instruments company reported EPS of $ 0.86 for the quarter, beating the Thomson Reuters consensus estimate of $ 0.74 by $ 0.12. Sensata Technologies achieved a return on equity of 14.00% and a net margin of 3.22%. The company posted revenue of $ 942.53 million for the quarter, compared to analysts’ estimates of $ 893.02 million. In the same quarter of the previous year, the company posted EPS of $ 0.53. The company’s quarterly revenue increased 21.7% year-over-year. On average, selling analysts expect Sensata Technologies to post earnings per share of 2.12 this fiscal year.
Hedge funds have recently changed their positions in the company. Ledyard Banque Nationale increased its holdings in Sensata Technologies shares by 3.0% in the first quarter. National Bank Ledyard now owns 6,153 shares of the scientific and technical instruments company valued at $ 357,000 after purchasing 180 additional shares during the period. Cornerstone Wealth Group LLC acquired a new position in Sensata Technologies during the first quarter for a value of $ 2,569,000. Zweig DiMenna Associates LLC acquired a new position in Sensata Technologies during the first quarter valued at $ 3,413,000. KBC Group NV increased its holdings in Sensata Technologies by 69.4% during the first quarter. KBC Group NV now owns 30,415 shares of the S&T company valued at USD 1,763,000 after purchasing an additional 12,458 shares in the last quarter. Finally, Robeco Institutional Asset Management BV increased its holdings in Sensata Technologies by 3,655.7% during the first quarter. Robeco Institutional Asset Management BV now owns 1,687,764 shares of the S&T company valued at USD 97,807,000 after purchasing an additional 1,642,825 shares in the last quarter. Institutional investors hold 94.90% of the company’s shares.
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 gauge sensors, ceramic and micro-electromechanical capacitive sensors; speed and position sensors, such as magnetic speed and position sensors, and mechanical / electrical control systems; and temperature sensors.
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