Sensata Technologies (NYSE:ST) Stock Rated “Hold” in New Coverage at Jefferies Financial Group

Equities researchers at Jefferies Financial Group started coverage on shares of Sensata Technologies (NYSE:ST) in a research note issued to investors on Wednesday, Briefing.com reports. The brokerage set a “hold” rating and a $40.00 price target on the scientific and technical instruments company’s stock. Jefferies Financial Group‘s target price would suggest a potential downside of 0.78% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. UBS Group lowered their price objective on Sensata Technologies from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. Truist Financial cut their target price on shares of Sensata Technologies from $58.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sensata Technologies in a research note on Wednesday, October 28th. Wall Street Zen downgraded shares of Sensata Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 20th. Finally, Oppenheimer boosted their price target on shares of Sensata Technologies from $55.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $49.30.

Sensata Technologies Stock Performance

Shares of ST opened at $40.32 on Wednesday. The firm has a market cap of $5.87 billion, a PE ratio of 16.13, a PEG ratio of 1.19 and a beta of 1.28. The stock’s fifty day moving average price is $41.67 and its two-hundred day moving average price is $42.04. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.39 and a quick ratio of 1.70. Sensata Technologies has a 1 year low of $28.16 and a 1 year high of $53.89.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Tuesday, October 27th. The scientific and technical instruments company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.17. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $972.97 million. Sensata Technologies had a return on equity of 19.38% and a net margin of 9.52%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 EPS. On average, equities research analysts forecast that Sensata Technologies will post 3.83 EPS for the current year.

Institutional Trading of Sensata Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its stake in Sensata Technologies by 1.0% in the 1st quarter. Fifth Third Bancorp now owns 27,782 shares of the scientific and technical instruments company’s stock worth $978,000 after purchasing an additional 268 shares during the period. Elevation Wealth Partners LLC increased its position in shares of Sensata Technologies by 32.3% during the third quarter. Elevation Wealth Partners LLC now owns 1,192 shares of the scientific and technical instruments company’s stock valued at $50,000 after buying an additional 291 shares during the period. Cibc World Market Inc. increased its position in shares of Sensata Technologies by 0.9% during the third quarter. Cibc World Market Inc. now owns 32,129 shares of the scientific and technical instruments company’s stock valued at $1,335,000 after buying an additional 301 shares during the period. Assetmark Inc. lifted its holdings in shares of Sensata Technologies by 6.6% in the first quarter. Assetmark Inc. now owns 4,860 shares of the scientific and technical instruments company’s stock worth $171,000 after buying an additional 303 shares in the last quarter. Finally, Van Den Berg Management I Inc. lifted its holdings in shares of Sensata Technologies by 0.3% in the first quarter. Van Den Berg Management I Inc. now owns 128,294 shares of the scientific and technical instruments company’s stock worth $4,519,000 after buying an additional 329 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Sensata Technologies Company Profile

Sensata Technologies is a global developer and manufacturer of sensors, electrical protection components and other sensing solutions. Its products help customers monitor and control pressure, temperature, position, speed and other operating conditions, as well as protect electrical systems. The company serves customers in markets including automotive, heavy vehicles, industrial equipment, aerospace, heating and air conditioning, and appliances. Its offerings are used in applications ranging from vehicle safety and electrification to industrial automation and equipment protection.