Sensata Technologies (NYSE:ST) Given Neutral Rating at The Goldman Sachs Group

Sensata Technologies (NYSE:ST - Get Free Report)'s stock had its "neutral" rating reissued by equities researchers at The Goldman Sachs Group in a report issued on Tuesday, Marketbeat.com reports. They presently have a $36.00 target price on the scientific and technical instruments company's stock, down from their previous target price of $44.00. The Goldman Sachs Group's target price would suggest a potential downside of 0.53% from the stock's previous close.

ST has been the topic of several other research reports. Stifel Nicolaus lowered their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a "hold" rating on the stock in a research report on Wednesday, February 7th. JPMorgan Chase & Co. cut shares of Sensata Technologies from a "neutral" rating to an "underweight" rating and lowered their price objective for the company from $37.00 to $34.00 in a research report on Monday, January 8th. Truist Financial lowered their price objective on shares of Sensata Technologies from $39.00 to $36.00 and set a "hold" rating on the stock in a research report 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 on the stock in a research report on Tuesday, January 30th. Finally, Bank of America cut shares of Sensata Technologies from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $46.00 to $38.00 in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Sensata Technologies currently has a consensus rating of "Hold" and a consensus target price of $39.25.

Sensata Technologies Price Performance

NYSE ST traded up $0.30 on Tuesday, hitting $36.19. The stock had a trading volume of 1,457,945 shares, compared to its average volume of 2,129,646. Sensata Technologies has a 52-week low of $30.56 and a 52-week high of $48.17. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.69 and a current ratio of 2.55. The company 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 firm has a 50-day moving average of $35.05 and a 200-day moving average of $34.96.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.05). Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. The firm had revenue of $992.50 million during the quarter, compared to analysts' expectations of $978.05 million. During the same quarter in the prior year, the company earned $0.96 earnings per share. The business's revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts expect that Sensata Technologies will post 3.74 EPS for the current year.

Hedge Funds Weigh In On Sensata Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Yousif Capital Management LLC grew its holdings in Sensata Technologies by 9.9% in the 1st quarter. Yousif Capital Management LLC now owns 4,451 shares of the scientific and technical instruments company's stock worth $226,000 after acquiring an additional 400 shares during the last quarter. Raymond James Trust N.A. bought a new stake in Sensata Technologies in the 1st quarter worth $202,000. Allianz Asset Management GmbH grew its holdings in Sensata Technologies by 1.0% in the 1st quarter. Allianz Asset Management GmbH now owns 774,136 shares of the scientific and technical instruments company's stock worth $39,364,000 after acquiring an additional 7,953 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Sensata Technologies during the 1st quarter valued at about $254,000. Finally, Mackenzie Financial Corp boosted its stake in shares of Sensata Technologies by 42.7% during the 1st quarter. Mackenzie Financial Corp now owns 833,577 shares of the scientific and technical instruments company's stock valued at $42,387,000 after purchasing an additional 249,277 shares in 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.