Truist Financial Issues Pessimistic Forecast for Sensata Technologies (NYSE:ST) Stock Price

Key Points

• Truist Financial lowered its price target for Sensata Technologies from $58 to $57 while maintaining a Buy rating, implying 38.87% upside from the prior close.
• Sensata reported strong third-quarter results, with earnings of $1.13 per share versus the $0.96 consensus and revenue of approximately $1 billion, up 7.7% year over year.
• Despite the earnings beat, the broader analyst consensus remains Hold with an average target of $48.70, partly reflecting concerns over weak fourth-quarter revenue guidance.

Sensata Technologies (NYSE:ST - Get Free Report) had its price objective dropped by Truist Financial from $58.00 to $57.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the scientific and technical instruments company's stock. Truist Financial's price objective indicates a potential upside of 38.87% from the company's previous close.

Other research analysts also recently issued research reports about the company. Weiss Ratings downgraded Sensata Technologies from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, July 30th. Wall Street Zen cut Sensata Technologies from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 20th. UBS Group dropped their target price on Sensata Technologies from $57.00 to $54.00 and set a "buy" rating for the company in a research report on Wednesday, October 7th. Bank of America upped their price target on Sensata Technologies from $46.00 to $48.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Finally, Barclays raised their price target on Sensata Technologies from $53.00 to $55.00 and gave the company an "equal weight" rating in a report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Sensata Technologies currently has a consensus rating of "Hold" and an average target price of $48.70.

Sensata Technologies Price Performance

NYSE:ST traded down $1.27 during mid-day trading on Wednesday, reaching $41.05. 1,183,592 shares of the company were exchanged, compared to its average volume of 1,817,292. The company has a quick ratio of 1.58, a current ratio of 2.29 and a debt-to-equity ratio of 0.83. The stock has a market cap of $5.97 billion, a PE ratio of 68.36, a PEG ratio of 1.22 and a beta of 1.25. Sensata Technologies has a 12 month low of $28.16 and a 12 month high of $53.89. The company has a fifty day moving average of $42.00 and a 200 day moving average of $41.77.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its earnings results on Tuesday, October 27th. The scientific and technical instruments company reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.17. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $972.97 million. Sensata Technologies had a net margin of 2.37% and a return on equity of 18.68%. The company's revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share. On average, research analysts anticipate that Sensata Technologies will post 3.77 EPS for the current fiscal year.

Institutional Trading of Sensata Technologies

A number of institutional investors have recently bought and sold shares of ST. Janus Henderson Group PLC lifted its stake in shares of Sensata Technologies by 1.1% in the 1st quarter. Janus Henderson Group PLC now owns 10,402,517 shares of the scientific and technical instruments company's stock valued at $366,376,000 after purchasing an additional 112,819 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Sensata Technologies by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 7,391,230 shares of the scientific and technical instruments company's stock worth $260,302,000 after purchasing an additional 125,127 shares during the period. Quantinno Capital Management LP increased its holdings in Sensata Technologies by 45.5% in the first quarter. Quantinno Capital Management LP now owns 2,402,063 shares of the scientific and technical instruments company's stock valued at $84,601,000 after purchasing an additional 750,646 shares during the last quarter. Bank of America Corp DE increased its holdings in Sensata Technologies by 5.7% in the first quarter. Bank of America Corp DE now owns 1,766,285 shares of the scientific and technical instruments company's stock valued at $62,209,000 after purchasing an additional 95,874 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Sensata Technologies by 29.8% in the first quarter. Bank of New York Mellon Corp now owns 1,356,087 shares of the scientific and technical instruments company's stock valued at $47,761,000 after buying an additional 311,424 shares during the period. Institutional investors and hedge funds own 99.42% of the company's stock.

Key Headlines Impacting Sensata Technologies

Here are the key news stories impacting Sensata Technologies this week:

• Positive Sentiment: Sensata reported third-quarter earnings of $1.13 per share, well above the $0.96 analyst consensus and up from $0.89 a year earlier. Revenue rose 7.7% year over year to approximately $1.0 billion, also exceeding expectations. Sensata Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Truist Securities maintained its Buy rating, although it trimmed its price target modestly to $57 from $58. The revised target still implies meaningful upside from recent trading levels. Truist Adjusts Sensata Price Target
• Positive Sentiment: Zacks highlighted Sensata as a strongly rated value stock, which may attract investors seeking relatively favorable valuation characteristics. Why Sensata Is a Strong Value Stock
• Neutral Sentiment: The stock recently moved above its 200-day moving average, a technical development that could support longer-term sentiment, though it does not change the near-term earnings outlook. Sensata Stock Crosses Above 200-Day Moving Average
• Negative Sentiment: Management’s fourth-quarter revenue guidance was viewed as weak, prompting the market reaction. The outlook suggests slower near-term growth and outweighed the third-quarter beat, while investors await additional details from the earnings call. Sensata Falls on Weak Fourth-Quarter Revenue Guidance

Sensata Technologies Company Profile

Sensata Technologies Holding plc NYSE: ST is a global developer and manufacturer of sensing, control and protection solutions. The company supplies components that help monitor conditions, improve safety and efficiency, and support automated decision-making in vehicles, industrial equipment and other systems.

Its products include pressure, temperature, position, speed, force, current and fluid-level sensors, along with circuit breakers, controls and other protection devices. Sensata's technologies are used in applications such as automotive systems, heavy-duty vehicles, industrial machinery, heating and air-conditioning equipment, aerospace and defense, energy infrastructure, and data centers.

Sensata serves original equipment manufacturers and other industrial customers across North America, Europe, Asia and additional international markets.

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