In a report published Tuesday, Stifel analyst Matthew Sheerin initiated coverage on Sensata Technologies Holding NV ST with a Buy rating and $60.00 price target.
In the report, Stifel noted, “Initiating research coverage on shares of Sensata Technologies with a Buy rating and a $60 target price. Sensata, based in Attleboro, MA, is the leading supplier of automotive sensors and a top supplier of electric controls in the appliance/HVAC and automotive markets. We view Sensata as a growth and cash flow story, with above-market growth potential, aggressive M&A and related restructuring programs, and significant earnings leverage. The company also trades at a reasonable P/E valuation, in our view and below some of its competitors, at 16.5x vs. 17.2x for the average peer group. Our 12-month $60 target price, is based on ~20x our CY15 EPS estimate of $3.05.”
Sensata Technologies Holding NV closed on Monday at $50.25.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in