Oppenheimer Initiates Coverage on Sensata Technologies (NYSE:ST)

Oppenheimer began coverage on shares of Sensata Technologies (NYSE:ST) in a report published on Tuesday morning, Stock Target Advisor reports. The brokerage issued a hold rating on the scientific and technical instruments company’s stock. Oppenheimer also issued estimates for Sensata Technologies’ Q1 2020 earnings at $0.64 EPS, Q2 2020 earnings at $0.90 EPS, Q3 2020 earnings at $0.97 EPS, Q4 2020 earnings at $0.99 EPS, FY2020 earnings at $3.50 EPS and FY2021 earnings at $3.95 EPS.

Other equities research analysts have also issued reports about the company. Compass Point lowered Sensata Technologies from a buy rating to a hold rating in a research note on Friday, November 1st. Zacks Investment Research upgraded Sensata Technologies from a sell rating to a hold rating in a research note on Thursday, January 23rd. Royal Bank of Canada began coverage on Sensata Technologies in a research note on Tuesday, December 17th. They issued an outperform rating and a $62.00 price objective on the stock. ValuEngine upgraded Sensata Technologies from a sell rating to a hold rating in a research note on Wednesday, October 30th. Finally, Cross Research lowered Sensata Technologies from a buy rating to a hold rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $53.61.

ST stock opened at $48.88 on Tuesday. Sensata Technologies has a 1-year low of $42.50 and a 1-year high of $54.72. The firm has a market cap of $7.83 billion, a P/E ratio of 16.57, a P/E/G ratio of 1.11 and a beta of 1.41. The business’s 50 day moving average is $50.97 and its 200-day moving average is $49.90. The company has a current ratio of 3.14, a quick ratio of 2.33 and a debt-to-equity ratio of 1.25.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.02. Sensata Technologies had a return on equity of 22.78% and a net margin of 14.00%. The company had revenue of $846.70 million for the quarter, compared to analyst estimates of $827.46 million. During the same period in the prior year, the company posted $0.95 EPS. The company’s revenue was down .1% compared to the same quarter last year. Sell-side analysts forecast that Sensata Technologies will post 3.54 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ST. Pictet Asset Management Ltd. bought a new stake in Sensata Technologies during the 4th quarter worth approximately $129,857,000. Bank of Montreal Can grew its position in Sensata Technologies by 754.1% during the 4th quarter. Bank of Montreal Can now owns 422,329 shares of the scientific and technical instruments company’s stock worth $22,750,000 after acquiring an additional 372,881 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in Sensata Technologies by 41.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 688,882 shares of the scientific and technical instruments company’s stock worth $34,485,000 after acquiring an additional 200,209 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its position in Sensata Technologies by 211.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 230,309 shares of the scientific and technical instruments company’s stock worth $12,408,000 after acquiring an additional 156,266 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Sensata Technologies by 6.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,387,400 shares of the scientific and technical instruments company’s stock valued at $128,610,000 after buying an additional 149,946 shares during the last quarter. Institutional investors and hedge funds own 93.55% of the company’s stock.

About Sensata Technologies

Sensata Technologies Holding plc, through its subsidiary, Sensata Technologies Holding N.V., develops, manufactures, and sells a range of sensors and controls in the Americas, Asia, Europe, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures pressure sensors, speed and position sensors, and temperature sensors.

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Analyst Recommendations for Sensata Technologies (NYSE:ST)

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