Oppenheimer Reaffirms “Buy” Rating for Sensata Technologies (ST)
Oppenheimer reissued their buy rating on shares of Sensata Technologies (NYSE:ST) in a research report report published on Wednesday morning. Oppenheimer currently has a $62.00 target price on the scientific and technical instruments company’s stock, up from their prior target price of $57.00. Oppenheimer also issued estimates for Sensata Technologies’ Q1 2018 earnings at $0.82 EPS, Q2 2018 earnings at $0.92 EPS, Q3 2018 earnings at $0.92 EPS, Q4 2018 earnings at $0.94 EPS, FY2018 earnings at $3.60 EPS and FY2019 earnings at $3.95 EPS.
Several other equities research analysts also recently weighed in on ST. BMO Capital Markets raised their price target on shares of Sensata Technologies from $45.00 to $47.00 and gave the company a market perform rating in a research report on Wednesday. Stifel Nicolaus raised their price target on shares of Sensata Technologies from $55.00 to $60.00 and gave the company a buy rating in a research report on Wednesday. Royal Bank of Canada reissued a buy rating and set a $55.00 price target on shares of Sensata Technologies in a research report on Wednesday. SunTrust Banks downgraded shares of Sensata Technologies from a buy rating to a hold rating in a research report on Friday, December 1st. Finally, Citigroup raised their price target on shares of Sensata Technologies from $49.00 to $55.00 and gave the company a neutral rating in a research report on Wednesday, October 25th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Sensata Technologies presently has an average rating of Buy and an average target price of $54.50.
Sensata Technologies (ST) opened at $52.42 on Wednesday. Sensata Technologies has a 1-year low of $38.71 and a 1-year high of $53.30. The stock has a market cap of $8,936.53, a P/E ratio of 16.88, a PEG ratio of 1.64 and a beta of 1.46. The company has a current ratio of 2.76, a quick ratio of 2.04 and a debt-to-equity ratio of 1.49.
In other Sensata Technologies news, COO Jeffrey J. Cote sold 13,311 shares of Sensata Technologies stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $49.03, for a total value of $652,638.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven Beringhause sold 7,588 shares of Sensata Technologies stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $51.18, for a total transaction of $388,353.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,588 shares of company stock valued at $4,258,599. 1.00% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of ST. Morgan Stanley boosted its stake in shares of Sensata Technologies by 12.7% during the 1st quarter. Morgan Stanley now owns 71,485 shares of the scientific and technical instruments company’s stock worth $3,122,000 after acquiring an additional 8,077 shares during the last quarter. World Asset Management Inc purchased a new position in shares of Sensata Technologies during the 2nd quarter worth $298,000. Sei Investments Co. boosted its stake in shares of Sensata Technologies by 12.1% during the 2nd quarter. Sei Investments Co. now owns 54,236 shares of the scientific and technical instruments company’s stock worth $2,317,000 after acquiring an additional 5,846 shares during the last quarter. Korea Investment CORP purchased a new position in shares of Sensata Technologies during the 2nd quarter worth $632,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Sensata Technologies by 36.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 648,991 shares of the scientific and technical instruments company’s stock worth $27,725,000 after acquiring an additional 173,769 shares during the last quarter.
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Sensata Technologies Company Profile
Sensata Technologies Holding N.V. is an industrial technology company. The Company is engaged in the development, manufacture, and sale of sensors and controls. The Company operates through two segments: Performance Sensing and Sensing Solutions. It produces a range of sensors and controls for applications, such as pressure sensors in automotive systems, thermal circuit breakers in aircraft, and bimetal current and temperature control devices.
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