JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Sensata Technologies (NYSE:ST) Stock

Sensata Technologies (NYSE:ST - Get Free Report) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from $23.00 to $32.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "underweight" rating on the scientific and technical instruments company's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 2.09% from the company's current price.

ST has been the subject of a number of other reports. UBS Group lifted their price target on Sensata Technologies from $34.00 to $41.00 and gave the stock a "buy" rating in a report on Monday. Evercore ISI downgraded Sensata Technologies from an "outperform" rating to an "inline" rating and decreased their price target for the stock from $40.00 to $27.00 in a report on Thursday, April 3rd. The Goldman Sachs Group boosted their target price on Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a report on Friday, May 9th. Robert W. Baird reduced their target price on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Bank of America boosted their target price on Sensata Technologies from $27.00 to $32.00 and gave the company a "neutral" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Sensata Technologies has a consensus rating of "Hold" and an average price target of $35.50.

Sensata Technologies Price Performance

Shares of Sensata Technologies stock traded up $0.26 during mid-day trading on Thursday, reaching $31.35. 360,900 shares of the stock traded hands, compared to its average volume of 1,651,264. The company has a quick ratio of 1.81, a current ratio of 2.64 and a debt-to-equity ratio of 1.12. The business has a 50-day moving average of $28.40 and a 200 day moving average of $26.52. The stock has a market capitalization of $4.59 billion, a PE ratio of 38.65, a PEG ratio of 1.34 and a beta of 1.13. Sensata Technologies has a fifty-two week low of $17.32 and a fifty-two week high of $42.29.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. The business had revenue of $911.26 million during the quarter, compared to analyst estimates of $878.39 million. Sensata Technologies had a return on equity of 17.12% and a net margin of 3.19%. The business's revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 earnings per share. On average, analysts predict that Sensata Technologies will post 3.21 EPS for the current year.

Insider Transactions at Sensata Technologies

In other news, Director Andrew C. Teich acquired 9,925 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average price of $25.19 per share, with a total value of $250,010.75. Following the purchase, the director owned 41,117 shares of the company's stock, valued at approximately $1,035,737.23. This trade represents a 31.82% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.89% of the company's stock.

Institutional Investors Weigh In On Sensata Technologies

Several institutional investors and hedge funds have recently modified their holdings of ST. Sound Income Strategies LLC raised its holdings in Sensata Technologies by 5.3% in the 2nd quarter. Sound Income Strategies LLC now owns 94,049 shares of the scientific and technical instruments company's stock worth $2,832,000 after acquiring an additional 4,716 shares during the period. Oliver Luxxe Assets LLC bought a new position in Sensata Technologies in the 2nd quarter worth $1,775,000. GAMMA Investing LLC raised its holdings in Sensata Technologies by 214.9% in the 2nd quarter. GAMMA Investing LLC now owns 9,202 shares of the scientific and technical instruments company's stock worth $277,000 after acquiring an additional 6,280 shares during the period. Park Avenue Securities LLC raised its holdings in Sensata Technologies by 5.1% in the 2nd quarter. Park Avenue Securities LLC now owns 14,315 shares of the scientific and technical instruments company's stock worth $431,000 after acquiring an additional 690 shares during the period. Finally, Wedge Capital Management L L P NC raised its holdings in Sensata Technologies by 10.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 119,554 shares of the scientific and technical instruments company's stock worth $3,600,000 after acquiring an additional 11,437 shares during the period. Institutional investors and hedge funds own 99.42% of the company's stock.

Sensata Technologies Company Profile

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.