Sensata Technologies (ST) Raised to “Buy” at Zacks Investment Research

Sensata Technologies (NYSE:ST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a $57.00 target price on the scientific and technical instruments company’s stock. Zacks Investment Research‘s price target points to a potential upside of 12.01% from the stock’s previous close.

According to Zacks, “Sensata Technologies B.V., through its subsidiaries, is a supplier of sensing, electrical protection, control and power management solutions. The Company produces a range of sensors and controls for mission critical applications, such as thermal circuit breakers in aircraft, pressure sensors in automotive systems, and bimetal current and temperature control devices in electric motors. Sensata’s products include pressure sensors, force sensors, position sensors, motor protectors, and thermal and magnetic-hydraulic circuit breakers and switches. It develops solutions for specific customer requirements or applications across automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning, data, telecommunications, recreational vehicle and marine applications. Sensata Technologies B.V. is based in Almelo, the Netherlands. “

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, December 13th. Morgan Stanley lifted their price objective on Sensata Technologies from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. BMO Capital Markets lifted their price objective on Sensata Technologies from $45.00 to $47.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 13th. Oppenheimer restated a “buy” rating and set a $62.00 price objective (up from $57.00) on shares of Sensata Technologies in a research report on Wednesday, December 13th. Finally, Bank of America restated a “buy” rating and set a $60.00 price objective (up from $55.00) on shares of Sensata Technologies in a research report on Thursday, December 14th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Sensata Technologies presently has an average rating of “Buy” and a consensus price target of $54.83.

Shares of Sensata Technologies (ST) opened at $50.89 on Wednesday. Sensata Technologies has a 12-month low of $38.71 and a 12-month high of $53.30. 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 stock has a market cap of $8,784.08, a P/E ratio of 28.59, a PEG ratio of 1.61 and a beta of 1.46.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.01. Sensata Technologies had a net margin of 9.39% and a return on equity of 25.75%. The company had revenue of $819.10 million during the quarter, compared to the consensus estimate of $803.14 million. During the same period last year, the firm earned $0.74 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. sell-side analysts anticipate that Sensata Technologies will post 3.17 earnings per share for the current year.

In other Sensata Technologies news, COO Jeffrey J. Cote sold 13,311 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $49.03, for a total value of $652,638.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul B. Edgerley purchased 200,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was acquired 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 87,588 shares of company stock valued at $4,258,599 over the last quarter. 1.00% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in ST. Skba Capital Management LLC purchased a new stake in shares of Sensata Technologies during the 3rd quarter valued at $201,000. Tredje AP fonden grew its stake in shares of Sensata Technologies by 174.7% during the 2nd quarter. Tredje AP fonden now owns 4,780 shares of the scientific and technical instruments company’s stock valued at $204,000 after buying an additional 3,040 shares during the period. Aberdeen Asset Management PLC UK purchased a new stake in shares of Sensata Technologies during the 2nd quarter valued at $206,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Sensata Technologies during the 2nd quarter valued at $216,000. Finally, QCM Cayman Ltd. grew its stake in shares of Sensata Technologies by 1.4% during the 2nd quarter. QCM Cayman Ltd. now owns 5,210 shares of the scientific and technical instruments company’s stock valued at $223,000 after buying an additional 74 shares during the period.

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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.

Analyst Recommendations for Sensata Technologies (NYSE:ST)

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