Sensata Technologies (NYSE:ST) Coverage Initiated at Jefferies Financial Group

Equities research analysts at Jefferies Financial Group initiated coverage on shares of Sensata Technologies (NYSE:ST - Get Free Report) in a report issued on Tuesday, MarketBeat.com reports. The firm set a "hold" rating and a $40.00 price target on the scientific and technical instruments company's stock. Jefferies Financial Group's price objective points to a potential upside of 10.53% from the company's previous close.

A number of other research firms also recently commented on ST. Truist Financial reduced their price objective on shares of Sensata Technologies from $39.00 to $36.00 and set a "hold" rating for the company in a research note on Wednesday, February 7th. JPMorgan Chase & Co. downgraded shares of Sensata Technologies from a "neutral" rating to an "underweight" rating and reduced their price objective for the stock from $37.00 to $34.00 in a research note on Monday, January 8th. Stifel Nicolaus reduced their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a "hold" rating for the company in a research note on Wednesday, February 7th. Oppenheimer upgraded shares of Sensata Technologies from a "market perform" rating to an "outperform" rating and set a $50.00 price objective for the company in a research note on Tuesday, January 30th. Finally, Bank of America cut shares of Sensata Technologies from a "buy" rating to a "neutral" rating and dropped their target price for the company from $46.00 to $38.00 in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $39.25.

Sensata Technologies Stock Up 0.8 %

NYSE ST traded up $0.30 on Tuesday, reaching $36.19. The company had a trading volume of 1,457,945 shares, compared to its average volume of 2,129,646. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of -725.20, a price-to-earnings-growth ratio of 0.86 and a beta of 1.37. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.69 and a current ratio of 2.55. Sensata Technologies has a 1-year low of $30.56 and a 1-year high of $48.17. The company's fifty day moving average is $35.05 and its 200-day moving average is $34.96.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.05). The company had revenue of $992.50 million during the quarter, compared to analyst estimates of $978.05 million. Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. Sensata Technologies's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share. On average, research analysts forecast that Sensata Technologies will post 3.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ST. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Sensata Technologies by 1,389.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company's stock worth $28,000 after purchasing an additional 681 shares during the period. Principal Securities Inc. bought a new position in shares of Sensata Technologies during the fourth quarter worth approximately $29,000. Parkside Financial Bank & Trust increased its holdings in shares of Sensata Technologies by 761.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company's stock worth $33,000 after purchasing an additional 784 shares during the period. Covestor Ltd increased its holdings in shares of Sensata Technologies by 71.6% during the third quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company's stock worth $47,000 after purchasing an additional 521 shares during the period. Finally, Compass Wealth Management LLC bought a new position in shares of Sensata Technologies during the fourth quarter worth approximately $61,000. 99.42% of the stock is owned by institutional investors.

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.