Zacks Investment Research upgraded shares of WABCO (NYSE:WBC) from a hold rating to a buy rating in a research note issued to investors on Thursday, December 28th. They currently have $161.00 price target on the auto parts company’s stock.
According to Zacks, “WABCO is one of the world’s leading providers of electronic braking, stability, suspension and transmission control systems for heavy duty commercial vehicles. WABCO products are also increasingly used in luxury cars and sport utility vehicles. “
A number of other research firms have also weighed in on WBC. Buckingham Research increased their target price on shares of WABCO from $148.00 to $154.00 and gave the stock a neutral rating in a report on Friday, October 20th. KeyCorp reiterated a buy rating and set a $161.00 target price (up from $156.00) on shares of WABCO in a report on Tuesday, September 19th. Bank of America increased their target price on shares of WABCO from $160.00 to $170.00 and gave the stock a buy rating in a report on Friday, October 20th. Royal Bank of Canada reissued an outperform rating on shares of WABCO in a research note on Monday, September 25th. Finally, Stifel Nicolaus reissued a buy rating and issued a $160.00 price target on shares of WABCO in a research note on Thursday, October 12th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. WABCO has an average rating of Buy and an average target price of $159.73.
WABCO (NYSE:WBC) opened at $155.02 on Thursday. WABCO has a 1 year low of $103.40 and a 1 year high of $156.08. The stock has a market cap of $8,230.00, a price-to-earnings ratio of 28.03, a P/E/G ratio of 1.32 and a beta of 1.67. 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 results on Thursday, October 19th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.18. WABCO had a net margin of 9.75% and a return on equity of 38.93%. The business had revenue of $827.80 million during the quarter, compared to analyst estimates of $756.57 million. During the same period in the prior year, the business posted $1.54 earnings per share. The company’s revenue was up 22.6% on a year-over-year basis. analysts predict that WABCO will post 6.66 EPS for the current fiscal year.
In related news, Chairman Jacques Esculier sold 172,394 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $151.24, for a total value of $26,072,868.56. Following the sale, the chairman now owns 312,079 shares in the company, valued at $47,198,827.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.79% of the company’s stock.
Institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC boosted its stake in shares of WABCO by 190.0% during the 2nd quarter. IHT Wealth Management LLC now owns 290 shares of the auto parts company’s stock worth $256,000 after acquiring an additional 190 shares during the last quarter. Zions Bancorporation purchased a new position in shares of WABCO during the 3rd quarter worth $179,000. Brown Advisory Inc. bought a new stake in shares of WABCO during the 3rd quarter valued at $202,000. Cadence Capital Management LLC bought a new stake in shares of WABCO during the 3rd quarter valued at $207,000. Finally, Pacad Investment Ltd. bought a new stake in shares of WABCO during the 2nd quarter valued at $179,000. Institutional investors and hedge funds own 95.32% of the company’s stock.
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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