WABCO (NYSE:WBC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm presently has a $143.00 target price on the auto parts company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 12.66% from the company’s current price.
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. “
WBC has been the topic of a number of other research reports. William Blair reaffirmed a “buy” rating on shares of WABCO in a report on Wednesday, April 4th. BMO Capital Markets reaffirmed a “market perform” rating and set a $150.00 target price (down previously from $160.00) on shares of WABCO in a report on Friday, February 23rd. Stifel Nicolaus set a $162.00 target price on WABCO and gave the stock a “buy” rating in a report on Friday, February 9th. Morgan Stanley assumed coverage on WABCO in a report on Friday, March 2nd. They set an “overweight” rating and a $159.00 target price on the stock. Finally, Robert W. Baird increased their target price on WABCO from $182.00 to $183.00 and gave the stock an “outperform” rating in a report on Tuesday, April 17th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $161.71.
WABCO traded up $0.02, reaching $126.93, during trading hours on Friday, Marketbeat reports. 2,036 shares of the stock were exchanged, compared to its average volume of 312,127. The company has a quick ratio of 3.00, a current ratio of 3.49 and a debt-to-equity ratio of 1.08. WABCO has a 52 week low of $119.20 and a 52 week high of $162.20. The company has a market cap of $6.85 billion, a PE ratio of 18.50, a P/E/G ratio of 1.10 and a beta of 1.81.
WABCO (NYSE:WBC) last released its earnings results on Thursday, April 19th. The auto parts company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.16. WABCO had a return on equity of 35.77% and a net margin of 11.97%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $950.91 million. During the same quarter last year, the business posted $1.47 EPS. WABCO’s quarterly revenue was up 35.0% compared to the same quarter last year. sell-side analysts expect that WABCO will post 7.73 EPS for the current fiscal year.
In related news, insider Nicolas Bardot sold 834 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $136.88, for a total value of $114,157.92. Following the sale, the insider now owns 4,243 shares of the company’s stock, valued at approximately $580,781.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.48% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Next Century Growth Investors LLC acquired a new stake in WABCO in the 1st quarter valued at approximately $112,000. Cerebellum GP LLC acquired a new stake in WABCO in the 4th quarter valued at approximately $129,000. Whittier Trust Co. of Nevada Inc. increased its position in WABCO by 114.9% in the 4th 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 stake in WABCO in the 4th quarter valued at approximately $172,000. Finally, Point72 Asia Hong Kong Ltd acquired a new stake in WABCO in the 1st quarter valued at approximately $170,000. 95.85% of the stock is currently owned by institutional investors and hedge funds.
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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