Wabco Holdings (WBC) Earning Somewhat Favorable News Coverage, Analysis Finds

Media stories about Wabco Holdings (NYSE:WBC) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Wabco Holdings earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the auto parts company an impact score of 45.6853299381262 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

• Contrasting AGCO Corporation (AGCO) and Wabco Holdings (WBC) (americanbankingnews.com)
• Should Farsighted Investors Pay Attention to WABCO Holdings Inc. (NYSE:WBC) Autohome Inc. (NYSE:ATHM)? – FLBC News (flbcnews.com)
• Wabco Holdings’ (WBC) Buy Rating Reaffirmed at Bank of America Corporation (americanbankingnews.com)
• WABCO enters into new long-term agreement with a major global manufacturer of … (automotiveworld.com)
• Warren Buffett’s Top Stock Changes: IBM, GE, Synchrony, Sirius and More (247wallst.com)

Wabco Holdings (NYSE WBC) opened at 136.78 on Tuesday. The firm has a 50-day moving average of $134.97 and a 200-day moving average of $122.32. The stock has a market capitalization of $7.34 billion, a PE ratio of 22.82 and a beta of 1.65. Wabco Holdings has a one year low of $96.10 and a one year high of $144.98.

Wabco Holdings (NYSE:WBC) last issued its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.15. The company had revenue of $795 million during the quarter, compared to analysts’ expectations of $759.33 million. Wabco Holdings had a net margin of 11.23% and a return on equity of 40.21%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $1.43 EPS. On average, equities research analysts forecast that Wabco Holdings will post $6.27 earnings per share for the current year.

Several research analysts recently issued reports on the stock. Bank of America Corporation reissued a “buy” rating and set a $150.00 price target on shares of Wabco Holdings in a report on Saturday. BidaskClub cut shares of Wabco Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Stifel Nicolaus reissued a “buy” rating and set a $150.00 price target (up from $130.00) on shares of Wabco Holdings in a report on Friday, July 21st. Royal Bank Of Canada reissued a “buy” rating and set a $127.00 price target on shares of Wabco Holdings in a report on Friday, July 7th. Finally, Zacks Investment Research cut shares of Wabco Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $138.50.

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In other news, VP Sean Deason sold 789 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $140.50, for a total transaction of $110,854.50. Following the completion of the transaction, the vice president now directly owns 2,277 shares of the company’s stock, valued at approximately $319,918.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director G Peter Daloia sold 3,626 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $139.78, for a total transaction of $506,842.28. Following the transaction, the director now directly owns 4,316 shares of the company’s stock, valued at $603,290.48. The disclosure for this sale can be found here. Insiders have sold a total of 14,054 shares of company stock valued at $1,952,903 over the last ninety days. Company insiders own 0.79% of the company’s stock.

Wabco Holdings Company Profile

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.