Analysts Set WABCO Holdings Inc. (WBC) PT at $132.31

Shares of WABCO Holdings Inc. (NYSE:WBC) have been assigned a consensus rating of “Hold” from the eighteen research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $132.31.

Several analysts have issued reports on the company. Buckingham Research set a $136.00 target price on WABCO and gave the stock a “hold” rating in a research note on Thursday, March 28th. Piper Jaffray Companies lowered WABCO from an “overweight” rating to a “neutral” rating and set a $137.00 target price for the company. in a research note on Thursday, March 28th. Robert W. Baird lowered WABCO from an “outperform” rating to a “neutral” rating in a research note on Thursday, March 28th. Citigroup downgraded WABCO from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $155.00 to $136.50 in a research report on Friday, March 29th. Finally, Wolfe Research downgraded WABCO from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 30th.

WBC traded down $0.25 during midday trading on Thursday, hitting $132.27. The stock had a trading volume of 483,210 shares, compared to its average volume of 856,189. The firm has a market cap of $6.79 billion, a P/E ratio of 16.81, a P/E/G ratio of 1.16 and a beta of 1.59. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.60 and a quick ratio of 2.13. WABCO has a 1 year low of $98.90 and a 1 year high of $146.68.

WABCO (NYSE:WBC) last issued its earnings results on Friday, February 15th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.14. The business had revenue of $911.60 million during the quarter, compared to analyst estimates of $963.33 million. WABCO had a return on equity of 30.90% and a net margin of 10.04%. WABCO’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.00 earnings per share. On average, equities analysts anticipate that WABCO will post 7.65 earnings per share for the current year.

In related news, insider Nicolas Bardot sold 1,145 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $120.93, for a total transaction of $138,464.85. Following the completion of the transaction, the insider now owns 4,546 shares in the company, valued at $549,747.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.58% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in WBC. Alpine Associates Management Inc. bought a new position in shares of WABCO during the first quarter valued at approximately $62,568,000. Norges Bank bought a new position in WABCO in the fourth quarter worth $49,994,000. FMR LLC raised its holdings in WABCO by 12.6% in the fourth quarter. FMR LLC now owns 3,874,508 shares of the auto parts company’s stock worth $415,890,000 after purchasing an additional 434,629 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in WABCO by 155.7% in the third quarter. Bank of New York Mellon Corp now owns 713,588 shares of the auto parts company’s stock worth $84,161,000 after purchasing an additional 434,552 shares in the last quarter. Finally, First Manhattan Co. raised its holdings in WABCO by 37.3% in the fourth quarter. First Manhattan Co. now owns 1,394,914 shares of the auto parts company’s stock worth $149,730,000 after purchasing an additional 378,995 shares in the last quarter. Institutional investors own 99.70% of the company’s stock.

About WABCO

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, steering, transmission automation, and air management systems primarily for commercial vehicles.

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Analyst Recommendations for WABCO (NYSE:WBC)

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