Morgan Stanley Remains a Buy on Sensata (ST)


In a report released today, Craig Hettenbach from Morgan Stanley maintained a Buy rating on Sensata (ST), with a price target of $73.00. The company’s shares closed last Wednesday at $59.21.

According to TipRanks.com, Hettenbach is a 5-star analyst with an average return of 16.2% and a 67.6% success rate. Hettenbach covers the Technology sector, focusing on stocks such as Silicon Laboratories, Skyworks Solutions, and NXP Semiconductors.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sensata with a $67.50 average price target, a 14.2% upside from current levels. In a report issued on April 15, Barclays also maintained a Buy rating on the stock with a $70.00 price target.

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Sensata’s market cap is currently $9.27B and has a P/E ratio of 57.70. The company has a Price to Book ratio of -9.28.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ST in relation to earlier this year. Last month, Martha Sullivan, a Director at ST sold 50,000 shares for a total of $2,994,500.

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 engages in the designing, manufacturing, and marketing of electromechanical, electronic sensors and 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. The Sensing Solutions designs and manufactures sensors and control products. The company was founded in 1916 and is headquartered in Attleboro, MA.

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