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Truist Financial Raises Sensata Technologies (NYSE:ST) Price Target to $43.00

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Key Points

  • Truist Financial raised its price target for Sensata from $38.00 to $43.00 while keeping a "hold" rating, implying about a 3.35% upside from the recent close.
  • Analyst sentiment is mixed — several firms hiked targets (UBS to $45 "buy", Oppenheimer to $50 "outperform"), but the consensus remains a "Hold" with an average target of $41.30 (4 Buy, 6 Hold, 1 Sell).
  • Sensata beat Q1 expectations (EPS $0.86 vs. $0.84; revenue $934.8M) and issued Q2 guidance roughly in line with estimates, but its elevated valuation (trailing P/E ~215) and thin net margin (~0.8%) increase sensitivity to any slowdown.
  • MarketBeat previews the top five stocks to own by May 1st.

Sensata Technologies (NYSE:ST - Get Free Report) had its price objective hoisted by analysts at Truist Financial from $38.00 to $43.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "hold" rating on the scientific and technical instruments company's stock. Truist Financial's target price suggests a potential upside of 3.35% from the company's previous close.

Several other research firms have also weighed in on ST. UBS Group lifted their target price on Sensata Technologies from $43.00 to $45.00 and gave the stock a "buy" rating in a report on Tuesday, April 14th. Weiss Ratings raised Sensata Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, March 2nd. Wells Fargo & Company raised their target price on shares of Sensata Technologies from $34.00 to $37.00 and gave the stock an "equal weight" rating in a report on Monday, January 12th. Robert W. Baird increased their price objective on shares of Sensata Technologies from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Friday, February 20th. Finally, Oppenheimer raised their price objective on shares of Sensata Technologies from $43.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, February 27th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $41.30.

Check Out Our Latest Stock Analysis on ST

Sensata Technologies Trading Up 0.2%

Shares of NYSE:ST traded up $0.08 during mid-day trading on Wednesday, reaching $41.61. The stock had a trading volume of 143,354 shares, compared to its average volume of 1,879,379. The firm has a market cap of $6.07 billion, a PE ratio of 214.83, a price-to-earnings-growth ratio of 1.24 and a beta of 1.14. The firm has a 50 day simple moving average of $36.72 and a two-hundred day simple moving average of $34.55. The company has a current ratio of 2.57, a quick ratio of 1.78 and a debt-to-equity ratio of 1.02. Sensata Technologies has a twelve month low of $20.57 and a twelve month high of $42.55.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 earnings per share for the quarter. Sensata Technologies had a net margin of 0.83% and a return on equity of 17.92%. The company had revenue of $934.80 million for the quarter. On average, research analysts predict that Sensata Technologies will post 3.65 EPS for the current fiscal year.

Insider Transactions at Sensata Technologies

In other Sensata Technologies news, EVP Lynne J. Caljouw sold 2,913 shares of the business's stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $34.71, for a total transaction of $101,110.23. Following the sale, the executive vice president directly owned 72,842 shares of the company's stock, valued at $2,528,345.82. The trade was a 3.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have sold 7,889 shares of company stock valued at $280,345. 0.89% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ST. Smartleaf Asset Management LLC grew its stake in shares of Sensata Technologies by 659.7% in the third quarter. Smartleaf Asset Management LLC now owns 904 shares of the scientific and technical instruments company's stock valued at $27,000 after buying an additional 785 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in Sensata Technologies by 700.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 832 shares of the scientific and technical instruments company's stock valued at $28,000 after acquiring an additional 728 shares during the last quarter. First Horizon Corp bought a new position in shares of Sensata Technologies in the 3rd quarter valued at about $29,000. Root Financial Partners LLC increased its stake in shares of Sensata Technologies by 62.5% during the 1st quarter. Root Financial Partners LLC now owns 913 shares of the scientific and technical instruments company's stock worth $32,000 after purchasing an additional 351 shares during the last quarter. Finally, EFG International AG acquired a new position in shares of Sensata Technologies during the 4th quarter worth about $33,000. 99.42% of the stock is currently owned by institutional investors.

Key Headlines Impacting Sensata Technologies

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

About Sensata Technologies

(Get Free Report)

Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company's product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata's offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.

Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.

Further Reading

Analyst Recommendations for Sensata Technologies (NYSE:ST)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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