SunTrust Banks Raises Sensata Technologies (ST) Price Target to $54.00

Sensata Technologies (NYSE:ST) had its price objective boosted by SunTrust Banks to $54.00 in a research note released on Thursday morning, The Fly reports. The brokerage currently has a hold rating on the scientific and technical instruments company’s stock. SunTrust Banks also issued estimates for Sensata Technologies’ Q1 2019 earnings at $0.85 EPS, Q2 2019 earnings at $1.00 EPS, Q4 2019 earnings at $1.13 EPS, FY2019 earnings at $4.03 EPS, Q1 2020 earnings at $1.09 EPS, Q2 2020 earnings at $1.16 EPS, Q3 2020 earnings at $1.12 EPS, Q4 2020 earnings at $1.11 EPS and FY2020 earnings at $4.49 EPS.

Other equities research analysts also recently issued research reports about the company. Barclays set a $51.00 price objective on Sensata Technologies and gave the company a buy rating in a research report on Friday, January 4th. Cross Research upgraded Sensata Technologies from a hold rating to a buy rating in a research note on Tuesday, October 30th. Citigroup decreased their price target on Sensata Technologies from $56.00 to $52.00 and set a neutral rating for the company in a research note on Wednesday, October 31st. ValuEngine upgraded Sensata Technologies from a sell rating to a hold rating in a research note on Wednesday, October 31st. Finally, BMO Capital Markets reiterated a hold rating and issued a $41.00 price target on shares of Sensata Technologies in a research note on Tuesday, October 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $54.67.

ST opened at $46.53 on Thursday. Sensata Technologies has a 12-month low of $40.78 and a 12-month high of $56.28. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.23 and a current ratio of 3.00. The firm has a market cap of $7.98 billion, a PE ratio of 12.75, a PEG ratio of 0.99 and a beta of 1.32.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Wednesday, February 6th. The scientific and technical instruments company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Sensata Technologies had a return on equity of 24.94% and a net margin of 17.01%. The firm had revenue of $847.90 million for the quarter, compared to the consensus estimate of $866.27 million. During the same period in the previous year, the company posted $0.87 EPS. Sensata Technologies’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts expect that Sensata Technologies will post 3.99 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Cantillon Capital Management LLC raised its stake in Sensata Technologies by 0.6% in the fourth quarter. Cantillon Capital Management LLC now owns 4,557,513 shares of the scientific and technical instruments company’s stock valued at $204,359,000 after buying an additional 26,462 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of Sensata Technologies by 26.9% in the third quarter. Neuberger Berman Group LLC now owns 2,974,204 shares of the scientific and technical instruments company’s stock worth $147,404,000 after purchasing an additional 630,222 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Sensata Technologies by 28.4% in the third quarter. Wells Fargo & Company MN now owns 2,256,995 shares of the scientific and technical instruments company’s stock worth $111,834,000 after purchasing an additional 499,374 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Sensata Technologies by 1.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,082,968 shares of the scientific and technical instruments company’s stock worth $93,400,000 after purchasing an additional 33,593 shares during the last quarter. Finally, CI Investments Inc. raised its stake in shares of Sensata Technologies by 7.7% in the third quarter. CI Investments Inc. now owns 1,456,900 shares of the scientific and technical instruments company’s stock worth $72,189,000 after purchasing an additional 103,600 shares during the last quarter. Institutional investors own 98.63% 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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