Sensata Technologies Holding NV (ST) Sees Unusually-High Trading Volume
Sensata Technologies Holding NV (NYSE:ST) saw strong trading volume on Thursday . 1,043,798 shares changed hands during mid-day trading, an increase of 48% from the previous session’s volume of 704,459 shares.The stock last traded at $37.92 and had previously closed at $38.08.
A number of research analysts have recently issued reports on the company. Citigroup Inc. lifted their price target on Sensata Technologies Holding NV from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. BMO Capital Markets restated a “hold” rating and set a $38.00 target price on shares of Sensata Technologies Holding NV in a research note on Wednesday, July 27th. TheStreet downgraded Sensata Technologies Holding NV from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Zacks Investment Research upgraded Sensata Technologies Holding NV from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. boosted their target price on Sensata Technologies Holding NV from $45.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Sensata Technologies Holding NV has a consensus rating of “Buy” and an average target price of $45.73.
The stock’s 50-day moving average is $38.02 and its 200 day moving average is $36.74. The company has a market capitalization of $6.54 billion and a price-to-earnings ratio of 16.43.
Sensata Technologies Holding NV (NYSE:ST) last posted its earnings results on Tuesday, July 26th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. During the same period last year, the company earned $0.73 EPS. The business earned $827.50 million during the quarter, compared to analysts’ expectations of $823.41 million. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts expect that Sensata Technologies Holding NV will post $2.88 earnings per share for the current year.
In related news, Director Michael J. Jacobson sold 7,000 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $38.71, for a total value of $270,970.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Sensata Technologies Holding N.V. is a global 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. The Company produces a range of sensors and controls for applications, such as thermal circuit breakers in aircraft, pressure sensors in automotive systems, and bimetal current and temperature control devices in electric motors.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.