Oppenheimer Assigns Outperform On Shares Of Sensata Technologies, $58 PT


Oppenheimer analyst Christopher Glynn assigned an Outperform rating on Sensata Technologies (NYSE:ST) with a price target of $58.00.

Glynn observed, “Core growth was 6% vs. 3.5% at the guidance midpoint, and excluding additive revenue impacts from recent deals, ST appears tracking directly to the high end of the prior revenue guidance range of $2.18-2.23B. Schrader’s dilutive 4Q14 impact of $0.09-0.11 reflects about half from financing costs and half operating level impact (inclusive of integration/related charges). We estimate Schrader running at about 12.5-13.0% OM in 2015 (excluding $4-8M of further integration charges, and any remaining inventory purchase accounting). ST reiterated long-term ANI margin targets of 20-23% with full integrations of recent acquisitions. This compares to our 16.0% ’15E (we estimate 24% acquired growth in 2015 from recent deals).”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Christopher Glynn has a total average return of 14.5% and a 81.6% success rate. Glynn has a 22.1% average return when recommending ST, and is ranked #188 out of 3350 analysts.

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