Sensata Technologies (NYSE:ST) Price Target Raised to $46.00 at Truist Financial

Sensata Technologies (NYSE:ST - Get Free Report) had its price objective boosted by analysts at Truist Financial from $36.00 to $46.00 in a report released on Tuesday, Benzinga reports. The firm presently has a "hold" rating on the scientific and technical instruments company's stock. Truist Financial's price target points to a potential upside of 20.17% from the company's previous close.

A number of other equities analysts have also recently commented on the stock. Evercore ISI lifted their price objective on shares of Sensata Technologies from $36.00 to $44.00 and gave the stock an "in-line" rating in a research report on Tuesday. The Goldman Sachs Group reiterated a "neutral" rating and issued a $36.00 price target (down previously from $44.00) on shares of Sensata Technologies in a research note on Tuesday, April 9th. Bank of America cut Sensata Technologies from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $46.00 to $38.00 in a report on Wednesday, February 7th. Jefferies Financial Group assumed coverage on Sensata Technologies in a report on Tuesday, April 9th. They set a "hold" rating and a $40.00 price target for the company. Finally, Robert W. Baird upped their price objective on Sensata Technologies from $37.00 to $47.00 and gave the company a "neutral" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Sensata Technologies currently has a consensus rating of "Hold" and an average price target of $42.00.

Sensata Technologies Price Performance

Shares of ST stock traded up $2.52 during trading hours on Tuesday, reaching $38.28. 14,624,330 shares of the company were exchanged, compared to its average volume of 2,132,944. The company has a market cap of $5.76 billion, a price-to-earnings ratio of -780.04, a P/E/G ratio of 0.85 and a beta of 1.37. Sensata Technologies has a fifty-two week low of $30.56 and a fifty-two week high of $47.41. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.55 and a quick ratio of 1.69. The stock's fifty day moving average is $35.10 and its two-hundred day moving average is $34.65.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.03. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $986.51 million. Sensata Technologies had a negative net margin of 0.10% and a positive return on equity of 17.47%. The company's quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 earnings per share. Sell-side analysts forecast that Sensata Technologies will post 3.72 earnings per share for the current fiscal year.

Institutional Trading of Sensata Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Sensata Technologies by 1,389.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company's stock valued at $28,000 after acquiring an additional 681 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Sensata Technologies in the fourth quarter valued at approximately $29,000. Parkside Financial Bank & Trust raised its holdings in Sensata Technologies by 761.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company's stock valued at $33,000 after buying an additional 784 shares during the last quarter. Covestor Ltd grew its holdings in Sensata Technologies by 71.6% during the 3rd quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company's stock worth $47,000 after acquiring an additional 521 shares during the last quarter. Finally, TFO Wealth Partners LLC raised its stake in shares of Sensata Technologies by 17,818.8% during the fourth quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company's stock valued at $108,000 after acquiring an additional 2,851 shares during the last quarter. Institutional investors 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.