WABCO Holdings Rating Increased to Outperform at Zacks (WBC)
WABCO Holdings (NYSE:WBC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Wednesday, ARN reports. The firm currently has a $87.70 price target on the stock. Zacks‘ price objective would indicate a potential upside of 7.28% from the company’s current price.
Shares of WABCO Holdings (NYSE:WBC) traded up 1.01% during mid-day trading on Wednesday, hitting $82.5756. The stock had a trading volume of 182,766 shares. WABCO Holdings has a 52 week low of $55.54 and a 52 week high of $86.76. The stock’s 50-day moving average is $82.20 and its 200-day moving average is $76.44. The company has a market cap of $5.169 billion and a P/E ratio of 17.87.
WABCO Holdings (NYSE:WBC) last posted its quarterly earnings results on Friday, July 26th. The company reported $1.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.25 by $0.05. The company had revenue of $678.20 million for the quarter, compared to the consensus estimate of $672.76 million. During the same quarter in the prior year, the company posted $1.19 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that WABCO Holdings will post $4.93 EPS for the current fiscal year.
A number of other firms have also recently commented on WBC. Analysts at Goldman Sachs Group Inc. raised their price target on shares of WABCO Holdings to $97.00 in a research note to investors on Monday, September 16th. Separately, analysts at Robert W. Baird raised their price target on shares of WABCO Holdings from $87.00 to $90.00 in a research note to investors on Monday, July 29th. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of WABCO Holdings from $83.00 to $89.00 in a research note to investors on Monday, July 29th. They now have an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $82.34.
WABCO Holdings Inc (NYSE:WBC) is a provider of electronic, mechanical and mechatronic products for the commercial truck, trailer, bus and passenger car manufacturers.
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