Jefferies Financial Group initiated coverage on shares of Sensata Technologies (NYSE:ST) in a report released on Tuesday morning, MarketBeat reports. The firm issued a buy rating and a $59.00 price objective on the scientific and technical instruments company’s stock. Jefferies Financial Group also issued estimates for Sensata Technologies’ Q4 2018 earnings at $0.99 EPS, FY2018 earnings at $3.69 EPS, Q1 2019 earnings at $0.97 EPS, Q2 2019 earnings at $1.08 EPS, Q3 2019 earnings at $1.02 EPS, Q4 2019 earnings at $1.07 EPS, FY2019 earnings at $4.14 EPS and FY2020 earnings at $4.59 EPS.
Other equities research analysts have also issued reports about the stock. Cross Research upgraded shares of Sensata Technologies from a hold rating to a buy rating in a research report on Tuesday, October 30th. JPMorgan Chase & Co. reaffirmed a buy rating and set a $69.00 price objective on shares of Sensata Technologies in a research note on Tuesday, September 11th. Citigroup dropped their target price on shares of Sensata Technologies from $56.00 to $52.00 and set a neutral rating for the company in a research report on Wednesday, October 31st. Morgan Stanley dropped their target price on shares of Sensata Technologies from $47.00 to $44.00 and set an underweight rating for the company in a research report on Wednesday, October 31st. Finally, BMO Capital Markets reaffirmed a hold rating and issued a $41.00 price objective on shares of Sensata Technologies in a research report on Tuesday, October 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. Sensata Technologies has a consensus rating of Buy and an average target price of $56.54.
Shares of Sensata Technologies stock opened at $44.23 on Tuesday. The firm has a market capitalization of $7.83 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 1.05 and a beta of 1.54. Sensata Technologies has a 12 month low of $41.12 and a 12 month high of $57.40. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.35 and a current ratio of 3.10.
Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Tuesday, October 30th. The scientific and technical instruments company reported $0.91 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.91. Sensata Technologies had a net margin of 14.63% and a return on equity of 25.28%. The company had revenue of $873.60 million for the quarter, compared to analysts’ expectations of $864.62 million. During the same period in the previous year, the company posted $0.81 EPS. Sensata Technologies’s revenue was up 6.7% compared to the same quarter last year. As a group, equities research analysts expect that Sensata Technologies will post 3.68 EPS for the current fiscal year.
In other Sensata Technologies news, EVP Jeffrey J. Cote sold 570 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $50.00, for a total transaction of $28,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fort L.P. acquired a new stake in shares of Sensata Technologies during the 2nd quarter valued at about $111,000. Legacy Financial Advisors Inc. bought a new position in shares of Sensata Technologies in the 3rd quarter valued at approximately $124,000. Chicago Partners Investment Group LLC raised its stake in shares of Sensata Technologies by 76.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,825 shares of the scientific and technical instruments company’s stock valued at $134,000 after acquiring an additional 1,225 shares in the last quarter. Point72 Hong Kong Ltd raised its stake in shares of Sensata Technologies by 69.5% in the 3rd quarter. Point72 Hong Kong Ltd now owns 3,273 shares of the scientific and technical instruments company’s stock valued at $162,000 after acquiring an additional 1,342 shares in the last quarter. Finally, Gideon Capital Advisors Inc. bought a new position in shares of Sensata Technologies in the 2nd quarter valued at approximately $207,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.
About Sensata Technologies
Sensata Technologies Holding PLC would be operating as a holding company for Sensata Technologies Holding N.V. that develops, manufactures, and sells sensors and controls in the Americas, Asia, and Europe. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment supplies pressure sensors, speed and position sensors, temperature sensors, and pressure switches.
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