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 Saturday, January 6th. They currently have $165.00 price objective 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 analysts have also commented on WBC. KeyCorp reissued a buy rating and set a $161.00 price objective (up from $156.00) on shares of WABCO in a report on Tuesday, September 19th. Royal Bank of Canada reissued an outperform rating on shares of WABCO in a report on Monday, September 25th. Berenberg Bank started coverage on WABCO in a report on Monday, September 25th. They set a buy rating and a $173.00 price objective for the company. Goldman Sachs Group reissued a neutral rating and set a $147.00 price objective (up from $128.00) on shares of WABCO in a report on Wednesday, October 4th. Finally, Stifel Nicolaus reissued a buy rating and set a $160.00 price objective on shares of WABCO in a report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. WABCO currently has a consensus rating of Buy and an average target price of $160.53.
Shares of WABCO (NYSE WBC) opened at $158.61 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.00 and a quick ratio of 2.60. The company has a market capitalization of $8,409.35, a PE ratio of 28.63, a P/E/G ratio of 1.38 and a beta of 1.67. WABCO has a 12-month low of $105.59 and a 12-month high of $162.20.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Cerebellum GP LLC purchased a new position in shares of WABCO in the 4th quarter worth approximately $129,000. Pacad Investment Ltd. purchased a new position in shares of WABCO in the 2nd quarter worth approximately $179,000. Zions Bancorporation purchased a new position in shares of WABCO in the 3rd quarter worth approximately $179,000. Brown Advisory Inc. purchased a new position in shares of WABCO in the 3rd quarter worth approximately $202,000. Finally, Cadence Capital Management LLC purchased a new position in shares of WABCO in the 3rd quarter worth approximately $207,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.
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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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