From MarketBeat:

Sensata Technologies Downgraded to “Neutral”

Investment analysts at Bank of America downgraded Sensata Technologies (NYSE:ST) from a “buy” rating to a “neutral” rating. Their price target was also lowered from $46.00 to $38.00 indicating a potential upside of 16.10% from the stock’s current price.

Sensata Technologies Stock Down 1.0%

Shares of ST stock traded down 1% on Wednesday. The stock reached $32.72 during trading hours, and its 50 and 200-day moving averages are $35.39 and $36.25 respectively. Sensata Technologies has a market cap of $4.95 billion and a P/E ratio of 16.12.

Institutional Investors Weigh In On Sensata Technologies

Several hedge funds have recently modified their holdings of Sensata Technologies stock, with 96.46% of the stock being owned by institutional investors and hedge funds.

About Sensata Technologies

Sensata Technologies develops, manufactures, and sells sensors, electrical protection components systems, and other products used in mission-critical systems and applications.

Concerns about Sensata Technologies

Although Sensata Technologies last released strong earnings results, stock prices have been declining, leading to a “neutral” rating from Bank of America and multiple price target downgrades.



Read more: Bank of America Lowers Sensata Technologies (NYSE:ST) to Neutral