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WABCO Holdings (NYSE:WBC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Wednesday, reports. The firm currently has a $99.40 price objective on the stock. Zacks‘ price target indicates a potential upside of 2.05% from the company’s current price.

Shares of WABCO Holdings (NYSE:WBC) traded up 0.90% during mid-day trading on Wednesday, hitting $98.28. 316,150 shares of the company’s stock traded hands. WABCO Holdings has a one year low of $64.01 and a one year high of $97.53. The stock’s 50-day moving average is $91.23 and its 200-day moving average is $86.54. The company has a market cap of $6.027 billion and a price-to-earnings ratio of 9.45.

WABCO Holdings (NYSE:WBC) last released its earnings data on Wednesday, February 19th. The company reported $1.29 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.29. The company had revenue of $720.50 million for the quarter, compared to the consensus estimate of $690.36 million. During the same quarter in the prior year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. Analysts expect that WABCO Holdings will post $5.74 EPS for the current fiscal year.

WBC has been the subject of a number of other recent research reports. Analysts at Wolfe Research initiated coverage on shares of WABCO Holdings in a research note on Friday, January 17th. They set an “outperform” rating on the stock. Separately, analysts at BB&T Corp. initiated coverage on shares of WABCO Holdings in a research note on Thursday, December 12th. They set a “hold” rating on the stock. Finally, analysts at William Blair upgraded shares of WABCO Holdings from a “market perform” rating to an “outperform” rating in a research note on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $91.06.

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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