A number of other equities research analysts have also recently issued reports on WBC. ValuEngine raised shares of WABCO from a strong sell rating to a sell rating in a report on Tuesday, July 10th. Mizuho initiated coverage on shares of WABCO in a report on Thursday, June 28th. They issued a neutral rating and a $130.00 target price on the stock. Royal Bank of Canada reaffirmed a buy rating and issued a $160.00 target price on shares of WABCO in a report on Friday, July 20th. Stifel Nicolaus set a $159.00 target price on shares of WABCO and gave the company a buy rating in a report on Friday, July 20th. Finally, Zacks Investment Research cut shares of WABCO from a buy rating to a hold rating in a report on Saturday, July 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $132.82.
NYSE:WBC traded down $1.82 on Friday, hitting $111.17. 429,256 shares of the company’s stock were exchanged, compared to its average volume of 683,067. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.28 and a quick ratio of 1.89. WABCO has a 52 week low of $100.80 and a 52 week high of $162.20. The stock has a market capitalization of $5.92 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.98 and a beta of 1.79.
WABCO (NYSE:WBC) last issued its quarterly earnings results on Thursday, October 18th. The auto parts company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.59 by $0.19. WABCO had a net margin of 11.62% and a return on equity of 33.10%. The firm had revenue of $914.80 million for the quarter, compared to analysts’ expectations of $932.66 million. During the same period in the previous year, the firm posted $1.71 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts anticipate that WABCO will post 7.73 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in WBC. SG Americas Securities LLC bought a new position in WABCO in the 2nd quarter valued at about $106,000. Fort L.P. bought a new position in WABCO in the 2nd quarter valued at about $118,000. Zions Bancorporation bought a new position in WABCO in the 2nd quarter valued at about $154,000. Stratos Wealth Partners LTD. bought a new position in WABCO in the 3rd quarter valued at about $167,000. Finally, CIBC World Markets Inc. bought a new position in WABCO in the 1st quarter valued at about $214,000. 98.02% of the stock is currently owned by hedge funds and other institutional investors.
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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