WABCO Holdings Inc. (NYSE:WBC) has been given an average rating of “Buy” by the nineteen analysts that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $159.80.
A number of analysts have recently commented on WBC shares. Zacks Investment Research cut WABCO from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. KeyCorp boosted their price objective on WABCO from $161.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, October 20th. Citigroup boosted their price objective on WABCO from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Robert W. Baird restated a “buy” rating and issued a $149.00 price objective on shares of WABCO in a research report on Thursday, August 24th. Finally, Buckingham Research started coverage on WABCO in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $142.00 price objective for the company.
WABCO (NYSE WBC) traded up $0.56 during trading on Monday, hitting $143.51. The stock had a trading volume of 300,100 shares, compared to its average volume of 410,881. The stock has a market capitalization of $7,669.00, a PE ratio of 22.55, a PEG ratio of 1.43 and a beta of 1.67. WABCO has a 1-year low of $102.39 and a 1-year high of $156.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.00 and a quick ratio of 2.60.
WABCO (NYSE:WBC) last posted its quarterly earnings data on Thursday, October 19th. The auto parts company reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.18. The business had revenue of $827.80 million during the quarter, compared to analysts’ expectations of $756.57 million. WABCO had a return on equity of 38.93% and a net margin of 9.75%. The business’s revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 earnings per share. equities analysts forecast that WABCO will post 6.65 EPS for the current fiscal year.
In other news, Chairman Jacques Esculier sold 172,394 shares of WABCO stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $151.24, for a total value of $26,072,868.56. Following the sale, the chairman now directly owns 312,079 shares of the company’s stock, valued at $47,198,827.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.79% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WBC. Pacad Investment Ltd. acquired a new position in WABCO during the second quarter worth $179,000. Zions Bancorporation acquired a new position in WABCO during the third quarter worth $179,000. Brown Advisory Inc. acquired a new position in WABCO during the third quarter worth $202,000. Trexquant Investment LP acquired a new position in WABCO during the second quarter worth $204,000. Finally, Cadence Capital Management LLC acquired a new position in WABCO during the third quarter worth $207,000. 95.27% of the stock is currently owned by institutional investors.
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WABCO Company Profile
WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers of commercial trucks, buses and trailers, as well as passenger cars. The Company engineers, develops, manufactures and sells braking, stability, suspension and transmission automation and air management systems primarily for commercial vehicles.
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