Morgan Stanley Boosts Sensata Technologies (ST) Price Target to $50.00
Sensata Technologies (NYSE:ST) had its price target boosted by stock analysts at Morgan Stanley from $48.00 to $50.00 in a note issued to investors on Wednesday. The firm currently has an “equal weight” rating on the scientific and technical instruments company’s stock. Morgan Stanley’s price objective would indicate a potential downside of 3.21% from the stock’s current price.
Several other research analysts also recently issued reports on ST. Stifel Nicolaus lifted their price objective on Sensata Technologies from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank of Canada restated a “buy” rating and set a $55.00 price objective on shares of Sensata Technologies in a research report on Wednesday. BMO Capital Markets boosted their price target on Sensata Technologies from $45.00 to $47.00 and gave the company a “market perform” rating in a report on Wednesday. Oppenheimer reiterated a “buy” rating and issued a $62.00 price target on shares of Sensata Technologies in a report on Wednesday. Finally, Zacks Investment Research downgraded Sensata Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Sensata Technologies has an average rating of “Hold” and a consensus price target of $53.30.
Shares of Sensata Technologies (ST) traded up $3.76 during trading hours on Wednesday, hitting $51.66. The stock had a trading volume of 4,496,100 shares, compared to its average volume of 1,306,982. The stock has a market cap of $8,205.10, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.76 and a quick ratio of 2.04. Sensata Technologies has a fifty-two week low of $38.71 and a fifty-two week high of $51.87.
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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.01. Sensata Technologies had a return on equity of 25.75% and a net margin of 9.39%. The firm had revenue of $819.10 million during the quarter, compared to the consensus estimate of $803.14 million. During the same period in the previous year, the firm posted $0.74 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. sell-side analysts expect that Sensata Technologies will post 3.17 EPS for the current year.
In other news, COO Jeffrey J. Cote sold 13,311 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $49.03, for a total transaction of $652,638.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul B. Edgerley acquired 200,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were purchased at an average price of $47.47 per share, with a total value of $9,494,000.00. The disclosure for this purchase can be found here. Insiders sold a total of 80,000 shares of company stock valued at $3,870,245 over the last quarter. 1.00% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in ST. Morgan Stanley boosted its position in Sensata Technologies by 12.7% during the 1st quarter. Morgan Stanley now owns 71,485 shares of the scientific and technical instruments company’s stock worth $3,122,000 after purchasing an additional 8,077 shares during the period. World Asset Management Inc purchased a new stake in Sensata Technologies during the 2nd quarter worth $298,000. Sei Investments Co. boosted its position in Sensata Technologies by 12.1% during the 2nd quarter. Sei Investments Co. now owns 54,236 shares of the scientific and technical instruments company’s stock worth $2,317,000 after purchasing an additional 5,846 shares during the period. Korea Investment CORP purchased a new stake in Sensata Technologies during the 2nd quarter worth $632,000. Finally, Schwab Charles Investment Management Inc. boosted its position in Sensata Technologies by 36.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 648,991 shares of the scientific and technical instruments company’s stock worth $27,725,000 after purchasing an additional 173,769 shares during the period.
Sensata Technologies Company Profile
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.
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