.jpg "Sensata (NYSE: ST)")
Oppenheimer analyst Christopher Glynn maintained a Buy rating on Sensata (ST) yesterday and set a price target of $62. The company’s shares closed yesterday at $49.99.
Glynn said:
“ST slightly lowered the organic outlook: 1-4% vs. 2-5%, with adjusted EPS midpoint up $0.30, including $0.16-0.19 from FX (slides initially misprinted $0.09-0.11; $0.14-0.17 prior view) and $0.15 from share repurchase. As ST weathers slower organic environment, note (1)% organic auto revenue compared well to a ~6% lower market and HVOR up 11% vs. assessed 2% markets growth. ST indicated prospects to accelerate long-term spread above markets from content growth, with real initial traction (against 2-3 year design cycles to convert to revenue) in wireless applications (LAN gateways in HVOR – $7B future addressable opportunity; battery management systems in Auto – $2.5B addressable). Guidance reflects strong 2H margin ramp (1H impacts from slower organic, A/D impacts, large 1Q NPI ramp impacts; productivity ramp).”
According to TipRanks.com, Glynn is a 4-star analyst with an average return of 6.5% and a 59.6% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Roper Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sensata with a $54.43 average price target.
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Based on Sensata’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $254 million. In comparison, last year the company had a net profit of $90.49 million.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, Steven Beringhause, the EVP, CTO of ST sold 60,000 shares for a total of $3,057,600.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Sensata Technologies Holding Plc designs, manufactures, marketing, or sale of electromechanical , electronic sensors or controls. It operates through the following two segments: Performance Sensing and Sensing Solutions. The Performance Sensing segment designs and manufactures sensors for the automotive and heavy vehicle and off-road markets.
