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Analysts at BMO Capital Markets upped their target price on shares of Sensata Technologies Holding (NYSE:ST) from $38.00 to $40.00 in a research report issued to clients and investors on Wednesday, AmericanBankingNews.com reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target would suggest a potential downside of 5.93% from the stock’s previous close.

Sensata Technologies Holding (NYSE:ST) traded down 0.56% on Wednesday, hitting $42.28. The stock had a trading volume of 402,369 shares. Sensata Technologies Holding has a 52-week low of $33.11 and a 52-week high of $45.02. The stock’s 50-day moving average is $42.95 and its 200-day moving average is $39.78. The company has a market cap of $7.244 billion and a P/E ratio of 40.50.

Sensata Technologies Holding (NYSE:ST) last released its earnings data on Tuesday, April 29th. The company reported $0.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.56. The company had revenue of $551.60 million for the quarter, compared to the consensus estimate of $540.74 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. Analysts expect that Sensata Technologies Holding will post $2.42 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on ST. Analysts at Citigroup Inc. upgraded shares of Sensata Technologies Holding from a “neutral” rating to a “buy” rating in a research note on Monday, April 14th. They now have a $54.00 price target on the stock, up previously from $41.00. Separately, analysts at Longbow Research upgraded shares of Sensata Technologies Holding from a “neutral” rating to a “buy” rating in a research note on Friday, April 11th. They now have a $53.00 price target on the stock. Finally, analysts at Oppenheimer reiterated an “outperform” rating on shares of Sensata Technologies Holding in a research note on Thursday, March 27th. They now have a $52.00 price target on the stock, up previously from $48.00. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Sensata Technologies Holding presently has an average rating of “Buy” and a consensus price target of $47.17.

Sensata Technologies Holding NV is a Netherlands-based company engaged in the development, manufacturing and sale of sensors and controls.

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