WABCO Holdings Given Average Rating of “Buy” by Analysts (NYSE:WBC)
WABCO Holdings (NYSE:WBC) has earned a consensus rating of “Buy” from the thirteen brokerages that are covering the company, American Banking & Market News reports. Five equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $114.71.
Shares of WABCO Holdings (NYSE:WBC) traded down 1.03% on Tuesday, hitting $100.80. 152,963 shares of the company’s stock traded hands. WABCO Holdings has a one year low of $76.80 and a one year high of $111.65. The stock’s 50-day moving average is $107.3 and its 200-day moving average is $102.9. The company has a market cap of $6.027 billion and a price-to-earnings ratio of 9.89.
WABCO Holdings (NYSE:WBC) last posted its quarterly earnings results on Friday, July 25th. The company reported $1.42 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.46 by $0.04. The company had revenue of $735.00 million for the quarter, compared to the consensus estimate of $753.88 million. During the same quarter last year, the company posted $1.30 earnings per share. WABCO Holdings’s revenue was up 8.4% compared to the same quarter last year. On average, analysts predict that WABCO Holdings will post $5.64 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on WBC shares. Analysts at Robert W. Baird cut their price target on shares of WABCO Holdings from $125.00 to $123.00 in a research note on Monday. Separately, analysts at Longbow Research initiated coverage on shares of WABCO Holdings in a research note on Wednesday, May 21st. They set a “buy” rating and a $130.00 price target on the stock. Finally, analysts at Stifel Nicolaus initiated coverage on shares of WABCO Holdings in a research note on Tuesday, May 20th. They set a “hold” rating and a $112.00 price target on the stock.
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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