WABCO (NYSE:WBC)‘s stock had its “market perform” rating reiterated by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Friday. They presently have a $150.00 price objective on the auto parts company’s stock, down from their prior price objective of $160.00. BMO Capital Markets’ price target would suggest a potential upside of 6.20% from the company’s previous close.
A number of other analysts have also issued reports on the company. Buckingham Research reaffirmed a “neutral” rating and set a $152.00 target price (down from $156.00) on shares of WABCO in a research report on Tuesday. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price objective (down from $162.00) on shares of WABCO in a report on Tuesday. Zacks Investment Research raised WABCO from a “hold” rating to a “buy” rating and set a $177.00 price objective for the company in a report on Thursday, January 25th. Finally, ValuEngine lowered WABCO from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $162.36.
Shares of WABCO (NYSE WBC) traded up $1.00 during midday trading on Friday, hitting $141.24. The stock had a trading volume of 238,082 shares, compared to its average volume of 395,146. WABCO has a twelve month low of $110.52 and a twelve month high of $162.20. The stock has a market capitalization of $7,580.00, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 1.23 and a beta of 1.76. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.60 and a current ratio of 2.23.
WABCO (NYSE:WBC) last announced its earnings results on Friday, February 16th. The auto parts company reported $2.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.20. WABCO had a return on equity of 37.38% and a net margin of 12.29%. The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $900.52 million. During the same period in the previous year, the company earned $1.47 earnings per share. The company’s revenue for the quarter was up 30.9% compared to the same quarter last year. research analysts expect that WABCO will post 7.58 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Cerebellum GP LLC acquired a new position in WABCO in the fourth quarter valued at approximately $129,000. Whittier Trust Co. of Nevada Inc. boosted its stake in WABCO by 114.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 935 shares of the auto parts company’s stock valued at $134,000 after acquiring an additional 500 shares during the period. American International Group Inc. acquired a new position in WABCO in the fourth quarter valued at approximately $172,000. Zions Bancorporation acquired a new position in WABCO in the third quarter valued at approximately $179,000. Finally, Brown Advisory Inc. acquired a new position in WABCO in the third quarter valued at approximately $202,000.
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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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