Citigroup Cuts Sensata Technologies (ST) Price Target to $52.00

Sensata Technologies (NYSE:ST) had its price objective lowered by stock analysts at Citigroup from $56.00 to $52.00 in a research note issued to investors on Wednesday. The firm presently has a “neutral” rating on the scientific and technical instruments company’s stock. Citigroup’s target price would indicate a potential upside of 8.45% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Cross Research upgraded Sensata Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday. Canaccord Genuity dropped their price target on Sensata Technologies from $70.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday. Barclays raised their price target on Sensata Technologies from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. reiterated a “buy” rating and set a $69.00 target price on shares of Sensata Technologies in a research report on Tuesday, September 11th. Finally, Zacks Investment Research upgraded Sensata Technologies from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Saturday, August 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $56.33.

Shares of ST stock traded up $0.76 on Wednesday, reaching $47.95. The stock had a trading volume of 22,922 shares, compared to its average volume of 1,768,137. The company has a market cap of $8.10 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 1.20 and a beta of 1.60. Sensata Technologies has a 1 year low of $41.12 and a 1 year high of $57.40. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.38 and a quick ratio of 2.65.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Tuesday, October 30th. The scientific and technical instruments company reported $0.91 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.91. The firm had revenue of $873.60 million for the quarter, compared to the consensus estimate of $864.62 million. Sensata Technologies had a return on equity of 25.06% and a net margin of 14.63%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the business posted $0.81 EPS. As a group, analysts expect that Sensata Technologies will post 3.68 earnings per share for the current year.

In related news, EVP Jeffrey J. Cote sold 570 shares of Sensata Technologies stock in a transaction on Monday, October 1st. The stock was sold at an average price of $50.00, for a total transaction of $28,500.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas Wroe, Jr. sold 17,200 shares of Sensata Technologies stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $55.86, for a total value of $960,792.00. Following the transaction, the director now owns 25,344 shares in the company, valued at $1,415,715.84. The disclosure for this sale can be found here. Insiders have sold 43,817 shares of company stock worth $2,417,709 over the last quarter. 2.00% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Fort L.P. bought a new stake in Sensata Technologies during the second quarter valued at about $111,000. Legacy Financial Advisors Inc. bought a new stake in Sensata Technologies during the third quarter valued at about $124,000. Chicago Partners Investment Group LLC raised its holdings in Sensata Technologies by 76.6% during the second quarter. Chicago Partners Investment Group LLC now owns 2,825 shares of the scientific and technical instruments company’s stock valued at $134,000 after acquiring an additional 1,225 shares during the period. Gideon Capital Advisors Inc. bought a new stake in Sensata Technologies during the second quarter valued at about $207,000. Finally, John G Ullman & Associates Inc. bought a new stake in Sensata Technologies during the second quarter valued at about $247,000.

Sensata Technologies Company Profile

Sensata Technologies Holding PLC would be operating as a holding company for Sensata Technologies Holding N.V. that develops, manufactures, and sells sensors and controls in the Americas, Asia, and Europe. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment supplies pressure sensors, speed and position sensors, temperature sensors, and pressure switches.

See Also: Fundamental Analysis

Analyst Recommendations for Sensata Technologies (NYSE:ST)

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