WABCO (NYSE:WBC) Stock Rating Reaffirmed by Buckingham Research

WABCO (NYSE:WBC)‘s stock had its “neutral” rating reissued by equities researchers at Buckingham Research in a report issued on Tuesday, February 20th. They presently have a $152.00 target price on the auto parts company’s stock, down from their prior target price of $156.00. Buckingham Research’s price objective would indicate a potential upside of 9.22% from the company’s current price.

WBC has been the subject of a number of other reports. Zacks Investment Research upgraded WABCO from a “hold” rating to a “buy” rating and set a $161.00 price target for the company in a research note on Thursday, December 28th. ValuEngine cut WABCO from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Vertical Research cut WABCO from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $160.00 price target (down from $162.00) on shares of WABCO in a research report on Tuesday, February 20th. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $162.13.

WABCO (NYSE:WBC) traded down $1.26 on Tuesday, hitting $139.17. The stock had a trading volume of 229,755 shares, compared to its average volume of 369,421. WABCO has a fifty-two week low of $111.68 and a fifty-two week high of $162.20. The company has a quick ratio of 1.93, a current ratio of 2.23 and a debt-to-equity ratio of 0.85. The company has a market cap of $7,540.16, a P/E ratio of 18.53, a price-to-earnings-growth ratio of 1.23 and a beta of 1.80.

WABCO (NYSE:WBC) last posted its quarterly earnings results on Friday, February 16th. The auto parts company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.20. WABCO had a return on equity of 37.38% and a net margin of 12.29%. The business had revenue of $934.00 million for the quarter, compared to the consensus estimate of $900.52 million. During the same quarter in the prior year, the company earned $1.47 EPS. The business’s revenue was up 30.9% compared to the same quarter last year. equities analysts forecast that WABCO will post 7.6 EPS for the current fiscal year.

In other WABCO news, insider Nicolas Bardot sold 834 shares of WABCO stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $136.88, for a total value of $114,157.92. Following the sale, the insider now owns 4,243 shares in the company, valued at $580,781.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of WBC. Cerebellum GP LLC purchased a new stake in shares of WABCO in the 4th quarter valued at $129,000. Whittier Trust Co. of Nevada Inc. grew its stake in WABCO by 114.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 935 shares of the auto parts company’s stock worth $134,000 after purchasing an additional 500 shares in the last quarter. American International Group Inc. acquired a new position in WABCO during the 4th quarter worth $172,000. Zions Bancorporation acquired a new position in WABCO during the 3rd quarter worth $179,000. Finally, Brown Advisory Inc. acquired a new position in WABCO during the 3rd quarter worth $202,000. Hedge funds and other institutional investors own 97.03% of the company’s stock.

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WABCO 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.

Analyst Recommendations for WABCO (NYSE:WBC)

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