WABCO (NYSE:WBC) had its price objective lowered by Bank of America from $148.00 to $130.00 in a research report report published on Friday morning. The firm currently has a buy rating on the auto parts company’s stock.
Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus set a $159.00 target price on shares of WABCO and gave the company a buy rating in a research report on Friday, July 20th. Royal Bank of Canada reiterated a buy rating and issued a $160.00 target price on shares of WABCO in a research report on Friday, July 20th. Morgan Stanley set a $135.00 target price on shares of WABCO and gave the company a buy rating in a research report on Thursday. Zacks Investment Research upgraded shares of WABCO from a hold rating to a buy rating and set a $143.00 target price for the company in a research report on Friday, May 25th. Finally, Buckingham Research set a $125.00 target price on shares of WABCO and gave the company a hold rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. WABCO has an average rating of Hold and a consensus price target of $151.93.
Shares of NYSE WBC opened at $115.57 on Friday. The stock has a market capitalization of $6.19 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 1.03 and a beta of 1.83. The company has a quick ratio of 2.07, a current ratio of 2.48 and a debt-to-equity ratio of 0.67. WABCO has a 52 week low of $110.50 and a 52 week high of $162.20.
WABCO (NYSE:WBC) last issued its earnings results on Thursday, July 19th. The auto parts company reported $2.00 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.10. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $989.16 million. WABCO had a net margin of 11.77% and a return on equity of 34.37%. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.69 earnings per share. equities research analysts predict that WABCO will post 7.53 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in WABCO during the second quarter worth about $106,000. Next Century Growth Investors LLC acquired a new stake in WABCO during the first quarter worth about $112,000. Fort L.P. acquired a new stake in WABCO during the second quarter worth about $118,000. Zions Bancorporation acquired a new stake in WABCO during the second quarter worth about $154,000. Finally, Point72 Asia Hong Kong Ltd acquired a new stake in WABCO during the first quarter worth about $170,000.
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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