J.P. Morgan analyst Samik Chatterjee maintains $Sensata Technologies (ST.US)$ with a sell rating, and adjusts the target price from $34 to $32.
According to TipRanks data, the analyst has a success rate of 61.5% and a total average return of 12.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Sensata Technologies (ST.US)$'s main analysts recently are as follows:
Market dynamics are currently overshadowing the underlying improvements, and a stabilization in sentiment around auto markets is necessary before a significant increase in interest for the shares is likely. However, tangible positive changes are underway.
The forecast for Sensata's Q4 was influenced by approximately $30M in contrast to earlier projections due to softened Performance Sensing markets. Amidst the evolution of the EV business model and ongoing supply chain challenges, Sensata is concentrating on enhancing production efficiency, investing in selective automation, and refining financial processes.
The firm noted that Sensata's third-quarter results aligned with expectations, yet the company's guidance for fourth-quarter sales and EPS fell short of the consensus.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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