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.
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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