Sensata Technologies (ST) Price Target Raised to $61.00

Sensata Technologies (NYSE:ST) had its target price boosted by Barclays from $58.00 to $61.00 in a report published on Friday. The firm currently has an overweight rating on the scientific and technical instruments company’s stock.

Several other brokerages have also recently issued reports on ST. BMO Capital Markets reissued a hold rating and issued a $51.00 price objective on shares of Sensata Technologies in a research note on Tuesday, January 30th. Stifel Nicolaus reissued a buy rating and issued a $63.00 price objective on shares of Sensata Technologies in a research note on Thursday. ValuEngine raised shares of Sensata Technologies from a hold rating to a buy rating in a research note on Friday. Zacks Investment Research raised shares of Sensata Technologies from a hold rating to a buy rating and set a $63.00 price objective on the stock in a research note on Friday, January 26th. Finally, Morgan Stanley boosted their price objective on shares of Sensata Technologies from $53.00 to $55.00 and gave the company an equal weight rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $57.00.

Shares of Sensata Technologies (NYSE:ST) opened at $54.90 on Friday. Sensata Technologies has a 12-month low of $38.71 and a 12-month high of $57.40. The company has a market cap of $9,410.52, a price-to-earnings ratio of 23.16, a P/E/G ratio of 1.51 and a beta of 1.52. 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 (NYSE:ST) last announced its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $840.53 million for the quarter, compared to analysts’ expectations of $822.31 million. Sensata Technologies had a net margin of 12.35% and a return on equity of 26.14%. Sensata Technologies’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 EPS. equities analysts forecast that Sensata Technologies will post 3.65 earnings per share for the current year.

In related news, Director Paul B. Edgerley purchased 200,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were acquired at an average cost of $47.47 per share, with a total value of $9,494,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven Beringhause sold 3,720 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $54.85, for a total transaction of $204,042.00. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Large investors have recently bought and sold shares of the company. Taylor Cottrill Erickson & Associates Inc. grew its stake in shares of Sensata Technologies by 25.8% during the 3rd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 24,275 shares of the scientific and technical instruments company’s stock worth $1,167,000 after purchasing an additional 4,975 shares during the period. Swiss National Bank boosted its position in shares of Sensata Technologies by 1.2% in the 3rd quarter. Swiss National Bank now owns 630,250 shares of the scientific and technical instruments company’s stock worth $30,296,000 after buying an additional 7,700 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Sensata Technologies by 22.2% in the 3rd quarter. Schroder Investment Management Group now owns 631,867 shares of the scientific and technical instruments company’s stock worth $29,989,000 after buying an additional 114,867 shares in the last quarter. British Airways Pensions Investment Management Ltd purchased a new stake in shares of Sensata Technologies in the 3rd quarter worth about $15,458,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Sensata Technologies by 13.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 984,131 shares of the scientific and technical instruments company’s stock worth $47,305,000 after buying an additional 119,913 shares in the last quarter.

TRADEMARK VIOLATION WARNING: “Sensata Technologies (ST) Price Target Raised to $61.00” was first reported by Community Financial News and is owned by of Community Financial News. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://www.com-unik.info/2018/02/05/sensata-technologies-st-price-target-raised-to-61-00.html.

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.

Analyst Recommendations for Sensata Technologies (NYSE:ST)

Receive News & Ratings for Sensata Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sensata Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit