WABCO Holdings Now Covered by Stifel Nicolaus (WBC)
Stock analysts at Stifel Nicolaus began coverage on shares of WABCO Holdings (NYSE:WBC) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $112.00 price target on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 3.43% from the stock’s previous close.
The analysts wrote, “We are initiating coverage of WABCO Holdings Inc. (WBC) with a Hold rating on the company’s common shares on the basis of valuation and a macro outlook in its core European market that appears tepid to us. We are establishing a fair value estimate of $112 (or 14.0x our 2016 EPS estimate of $8.00) that provides 5% upside relative to the most recent closing price, which is insufficient upside potential for a Buy rating under the Stifel rating system. “However, we believe the company’s shares represent an attractive longer-term holding and an appropriate name to be included in a mid-cap growth portfolio. We would likely be inclined to revise our rating if there was a significant pull back in the company’s share price, or our outlook for global truck and bus production strengthened, all else being equal.”
In other WABCO Holdings news, VP Nikhil Varty sold 5,315 shares of WABCO Holdings stock on the open market in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $105.88, for a total transaction of $562,752.20. Following the completion of the transaction, the vice president now directly owns 12,931 shares of the company’s stock, valued at approximately $1,369,134. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of other analysts have also recently weighed in on WBC. Analysts at BMO Capital Markets raised their price target on shares of WABCO Holdings from $115.00 to $125.00 in a research note on Monday, April 28th. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of WABCO Holdings from $103.00 to $111.00 in a research note on Monday, April 28th. They now have a “neutral” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of WABCO Holdings in a research note on Friday, April 25th. They now have a $100.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $108.49.
WABCO Holdings (NYSE:WBC) opened at 108.29 on Tuesday. WABCO Holdings has a 52 week low of $70.48 and a 52 week high of $110.79. The stock’s 50-day moving average is $106.0 and its 200-day moving average is $96.73. The company has a market cap of $6.577 billion and a P/E ratio of 10.49.
WABCO Holdings (NYSE:WBC) last issued its quarterly earnings data on Friday, April 25th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.02. The company had revenue of $729.50 million for the quarter, compared to the consensus estimate of $688.04 million. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Analysts expect that WABCO Holdings will post $5.76 EPS for the current fiscal year.
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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