JPMorgan Chase & Co. Lowers Sensata Technologies (NYSE:ST) Price Target to $21.00

Sensata Technologies (NYSE:ST) had its price target dropped by stock analysts at JPMorgan Chase & Co. from $27.00 to $21.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the scientific and technical instruments company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 8.30% from the stock’s previous close.

Other research analysts have also issued research reports about the company. UBS Group dropped their price target on Sensata Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. The Goldman Sachs Group raised Sensata Technologies from a “neutral” rating to a “buy” rating and cut their target price for the company from $31.00 to $27.00 in a research report on Thursday, April 10th. Evercore ISI lowered shares of Sensata Technologies from an “outperform” rating to an “inline” rating and dropped their price objective for the stock from $40.00 to $27.00 in a research note on Thursday, April 3rd. Robert W. Baird reduced their target price on shares of Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Oppenheimer dropped their price target on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $34.55.

Sensata Technologies Price Performance

NYSE:ST opened at $19.39 on Thursday. The company has a market capitalization of $2.90 billion, a P/E ratio of 23.08, a P/E/G ratio of 1.25 and a beta of 1.12. The business’s 50-day moving average is $25.44 and its 200 day moving average is $28.96. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11. Sensata Technologies has a 12 month low of $17.32 and a 12 month high of $43.14.

Sensata Technologies (NYSE:ST) last posted its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. On average, equities research analysts forecast that Sensata Technologies will post 3.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sensata Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of ST. Janus Henderson Group PLC increased its holdings in shares of Sensata Technologies by 0.5% in the 4th quarter. Janus Henderson Group PLC now owns 9,767,232 shares of the scientific and technical instruments company’s stock valued at $267,621,000 after acquiring an additional 44,233 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Sensata Technologies by 36.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,821,428 shares of the scientific and technical instruments company’s stock worth $214,308,000 after purchasing an additional 2,088,161 shares in the last quarter. Boston Partners lifted its position in shares of Sensata Technologies by 11.6% during the fourth quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company’s stock valued at $179,087,000 after buying an additional 677,316 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Sensata Technologies by 12.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,808,186 shares of the scientific and technical instruments company’s stock valued at $159,143,000 after buying an additional 648,028 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its position in shares of Sensata Technologies by 96.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,260,870 shares of the scientific and technical instruments company’s stock worth $144,148,000 after buying an additional 2,587,183 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors.

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.