WABCO Holdings Inc. (WBC) Receives Average Rating of “Hold” from Analysts

Shares of WABCO Holdings Inc. (NYSE:WBC) have earned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $131.80.

A number of equities analysts have recently issued reports on the company. BMO Capital Markets restated a “hold” rating and issued a $135.00 price target on shares of WABCO in a research note on Thursday, July 19th. Stifel Nicolaus dropped their price target on WABCO from $159.00 to $152.00 and set a “buy” rating on the stock in a research note on Monday, September 24th. Bank of America dropped their price target on WABCO from $148.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, September 14th. Buckingham Research set a $125.00 price target on WABCO and gave the stock a “hold” rating in a research note on Thursday, September 13th. Finally, Piper Jaffray Companies set a $153.00 price target on WABCO and gave the stock a “buy” rating in a research note on Wednesday, September 19th.

Shares of WABCO stock traded down $0.53 on Thursday, reaching $112.99. The company’s stock had a trading volume of 411,300 shares, compared to its average volume of 446,499. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 0.97 and a beta of 1.79. WABCO has a 52 week low of $100.80 and a 52 week high of $162.20. The company has a current ratio of 2.28, a quick ratio of 1.89 and a debt-to-equity ratio of 0.70.

WABCO (NYSE:WBC) last posted its earnings results on Thursday, October 18th. The auto parts company reported $1.78 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.19. The business had revenue of $914.80 million during the quarter, compared to analyst estimates of $932.66 million. WABCO had a return on equity of 33.10% and a net margin of 11.62%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.71 EPS. On average, equities research analysts forecast that WABCO will post 7.73 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in WABCO during the second quarter valued at $106,000. Fort L.P. purchased a new position in WABCO during the second quarter valued at $118,000. Zions Bancorporation purchased a new position in WABCO during the second quarter valued at $154,000. Stratos Wealth Partners LTD. purchased a new position in WABCO during the third quarter valued at $167,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in WABCO during the second quarter valued at $248,000. Hedge funds and other institutional investors own 98.02% of the company’s stock.

WABCO Company Profile

WABCO Holdings Inc, together with its subsidiaries, supplies electronic, mechanical, electro-mechanical, and aerodynamic products worldwide. The company engineers, develops, manufactures, and sells braking, stability, suspension, transmission automation, and air management systems primarily for commercial vehicles.

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Analyst Recommendations for WABCO (NYSE:WBC)

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