Zacks Investment Research upgraded shares of Sensata Technologies (NYSE:ST) from a hold rating to a buy rating in a report released on Wednesday. The firm currently has $57.00 price target on the scientific and technical instruments company’s stock.

According to Zacks, “Sensata Technologies B.V., through its subsidiaries, is a supplier of sensing, electrical protection, control and power management solutions. The Company produces a range of sensors and controls for mission critical applications, such as thermal circuit breakers in aircraft, pressure sensors in automotive systems, and bimetal current and temperature control devices in electric motors. Sensata’s products include pressure sensors, force sensors, position sensors, motor protectors, and thermal and magnetic-hydraulic circuit breakers and switches. It develops solutions for specific customer requirements or applications across automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning, data, telecommunications, recreational vehicle and marine applications. Sensata Technologies B.V. is based in Almelo, the Netherlands. “

Other equities research analysts have also recently issued reports about the stock. Cowen reaffirmed a hold rating on shares of Sensata Technologies in a report on Thursday, December 14th. Royal Bank of Canada reaffirmed a buy rating and issued a $55.00 target price on shares of Sensata Technologies in a report on Wednesday, December 13th. SunTrust Banks cut shares of Sensata Technologies from a buy rating to a hold rating in a report on Friday, December 1st. Stifel Nicolaus reaffirmed a buy rating and issued a $55.00 target price on shares of Sensata Technologies in a report on Thursday, October 26th. Finally, Barclays upped their target price on shares of Sensata Technologies from $52.00 to $53.00 and gave the company an overweight rating in a report on Friday, October 20th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Sensata Technologies presently has an average rating of Buy and a consensus target price of $54.83.

Sensata Technologies (ST) opened at $50.88 on Wednesday. The company has a quick ratio of 2.04, a current ratio of 2.76 and a debt-to-equity ratio of 1.49. Sensata Technologies has a 12 month low of $38.71 and a 12 month high of $53.30. The stock has a market cap of $8,720.00, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.01. Sensata Technologies had a net margin of 9.39% and a return on equity of 25.75%. The company had revenue of $819.10 million during the quarter, compared to the consensus estimate of $803.14 million. During the same quarter in the prior year, the firm posted $0.74 earnings per share. Sensata Technologies’s revenue for the quarter was up 3.7% on a year-over-year basis. equities research analysts forecast that Sensata Technologies will post 3.17 EPS for the current fiscal year.

In related news, COO Jeffrey J. Cote sold 13,311 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $49.03, for a total transaction of $652,638.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven Beringhause sold 7,588 shares of the stock in a transaction dated Wednesday, December 13th. The shares were 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. Insiders have sold 87,588 shares of company stock valued at $4,258,599 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of ST. QCM Cayman Ltd. grew its position in shares of Sensata Technologies by 1.4% in the second quarter. QCM Cayman Ltd. now owns 5,210 shares of the scientific and technical instruments company’s stock valued at $223,000 after purchasing an additional 74 shares during the last quarter. Financial Counselors Inc. boosted its position in Sensata Technologies by 11.4% during the second quarter. Financial Counselors Inc. now owns 9,113 shares of the scientific and technical instruments company’s stock worth $389,000 after acquiring an additional 931 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Sensata Technologies by 5.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 20,510 shares of the scientific and technical instruments company’s stock worth $986,000 after acquiring an additional 1,100 shares during the last quarter. Millie Capital Management LLC boosted its position in Sensata Technologies by 2.1% during the second quarter. Millie Capital Management LLC now owns 61,695 shares of the scientific and technical instruments company’s stock worth $2,636,000 after acquiring an additional 1,294 shares during the last quarter. Finally, Aperio Group LLC boosted its position in Sensata Technologies by 7.6% during the third quarter. Aperio Group LLC now owns 19,191 shares of the scientific and technical instruments company’s stock worth $923,000 after acquiring an additional 1,358 shares during the last quarter.

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About Sensata Technologies

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.

Analyst Recommendations for Sensata Technologies (NYSE:ST)

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