Sensata Technologies (NYSE:ST) Upgraded by The Goldman Sachs Group to Buy Rating

Sensata Technologies (NYSE:ST) was upgraded by equities research analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued on Thursday, Marketbeat.com reports. The brokerage currently has a $27.00 price target on the scientific and technical instruments company’s stock, down from their previous price target of $31.00. The Goldman Sachs Group’s price objective indicates a potential upside of 38.27% from the stock’s previous close.

ST has been the topic of a number of other reports. UBS Group lowered their price target on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Oppenheimer lowered their target price on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Finally, Evercore ISI downgraded shares of Sensata Technologies from an “outperform” rating to an “inline” rating and cut their price target for the company from $40.00 to $27.00 in a report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sensata Technologies currently has an average rating of “Hold” and an average price target of $36.73.

Sensata Technologies Stock Up 0.4 %

Sensata Technologies stock opened at $19.53 on Thursday. The firm has a 50 day simple moving average of $26.06 and a 200 day simple moving average of $29.49. 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 1-year low of $17.32 and a 1-year high of $43.14. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 1.25 and a beta of 1.12.

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

Hedge Funds Weigh In On Sensata Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of ST. Tidal Investments LLC boosted its stake in shares of Sensata Technologies by 1.1% in the 3rd quarter. Tidal Investments LLC now owns 29,346 shares of the scientific and technical instruments company’s stock valued at $1,052,000 after purchasing an additional 314 shares in the last quarter. Franklin Resources Inc. boosted its position in Sensata Technologies by 3.7% during the third quarter. Franklin Resources Inc. now owns 11,442 shares of the scientific and technical instruments company’s stock valued at $418,000 after buying an additional 403 shares during the period. Arizona State Retirement System boosted its position in Sensata Technologies by 0.9% during the fourth quarter. Arizona State Retirement System now owns 43,810 shares of the scientific and technical instruments company’s stock valued at $1,200,000 after buying an additional 405 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Sensata Technologies by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 65,706 shares of the scientific and technical instruments company’s stock valued at $1,800,000 after buying an additional 420 shares during the last quarter. Finally, Cullen Capital Management LLC increased its holdings in shares of Sensata Technologies by 1.9% in the fourth quarter. Cullen Capital Management LLC now owns 31,111 shares of the scientific and technical instruments company’s stock worth $852,000 after buying an additional 590 shares during the period. 99.42% of the stock is currently owned by hedge funds and other 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.