WABCO Holdings Inc. (WBC) Receives $131.80 Consensus Price Target from Analysts

Shares of WABCO Holdings Inc. (NYSE:WBC) have received an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $131.80.

Several research firms recently weighed in on WBC. ValuEngine upgraded WABCO from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. Morgan Stanley set a $124.00 target price on WABCO and gave the stock a “buy” rating in a report on Friday, October 19th. Robert W. Baird reduced their target price on WABCO from $120.00 to $119.00 and set a “neutral” rating for the company in a report on Friday, October 19th. Citigroup reduced their target price on WABCO from $140.00 to $130.00 and set a “buy” rating for the company in a report on Friday, October 19th. Finally, Bank of America lowered WABCO from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $130.00 to $95.00 in a report on Wednesday, October 17th.

Several hedge funds have recently modified their holdings of the company. EdgePoint Investment Group Inc. lifted its holdings in shares of WABCO by 8.6% during the second quarter. EdgePoint Investment Group Inc. now owns 3,490,757 shares of the auto parts company’s stock worth $408,488,000 after buying an additional 277,145 shares during the last quarter. FMR LLC lifted its holdings in shares of WABCO by 61.6% during the third quarter. FMR LLC now owns 3,439,879 shares of the auto parts company’s stock worth $405,699,000 after buying an additional 1,311,521 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of WABCO by 1.1% during the third quarter. BlackRock Inc. now owns 2,682,484 shares of the auto parts company’s stock worth $316,372,000 after buying an additional 28,869 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of WABCO by 9.5% during the second quarter. American Century Companies Inc. now owns 2,178,522 shares of the auto parts company’s stock worth $254,931,000 after buying an additional 188,850 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in shares of WABCO by 2.4% during the second quarter. Artisan Partners Limited Partnership now owns 1,821,868 shares of the auto parts company’s stock worth $213,195,000 after buying an additional 42,193 shares during the last quarter. Institutional investors own 97.63% of the company’s stock.

WBC opened at $108.06 on Monday. WABCO has a twelve month low of $100.80 and a twelve month high of $162.20. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.28 and a quick ratio of 1.89. The company has a market capitalization of $5.82 billion, a P/E ratio of 15.75, a P/E/G ratio of 0.96 and a beta of 1.82.

WABCO (NYSE:WBC) last posted its earnings results on Thursday, October 18th. The auto parts company reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.19. WABCO had a return on equity of 33.10% and a net margin of 11.62%. The firm had revenue of $914.80 million during the quarter, compared to analyst estimates of $932.66 million. During the same period in the previous year, the company earned $1.71 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Equities analysts expect that WABCO will post 7.73 earnings per share for the current year.

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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Analyst Recommendations for WABCO (NYSE:WBC)

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