Wabco Holdings Inc. (WBC) Price Target Increased to $114.00 by Analysts at Deutsche Bank AG
Wabco Holdings Inc. (NYSE:WBC) had its price objective upped by investment analysts at Deutsche Bank AG from $113.00 to $114.00 in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Deutsche Bank AG’s target price would suggest a potential upside of 3.20% from the stock’s current price.
A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Wabco Holdings from $109.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, August 15th. Piper Jaffray Cos. restated a “neutral” rating and set a $96.00 target price (up previously from $94.00) on shares of Wabco Holdings in a report on Sunday, July 24th. Robert W. Baird restated a “buy” rating on shares of Wabco Holdings in a report on Tuesday, June 28th. TheStreet upgraded Wabco Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 20th. Finally, Barclays PLC raised their target price on Wabco Holdings from $103.00 to $107.00 and gave the stock an “equal weight” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Wabco Holdings currently has a consensus rating of “Buy” and a consensus price target of $117.92.
Wabco Holdings (NYSE:WBC) traded down 0.64% during midday trading on Wednesday, reaching $109.75. 74,363 shares of the company were exchanged. The firm’s 50-day moving average price is $108.49 and its 200 day moving average price is $104.40. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 31.57 and a beta of 2.04. Wabco Holdings has a 52-week low of $81.66 and a 52-week high of $115.80.
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Wabco Holdings (NYSE:WBC) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $1.43 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.03. The firm earned $732.20 million during the quarter, compared to analyst estimates of $706.60 million. Wabco Holdings had a return on equity of 39.45% and a net margin of 7.28%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the company earned $1.40 earnings per share. Equities analysts predict that Wabco Holdings will post $5.73 earnings per share for the current year.
In other Wabco Holdings news, insider Nick Rens sold 600 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $101.19, for a total transaction of $60,714.00. Following the transaction, the insider now owns 9,665 shares of the company’s stock, valued at approximately $978,001.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.79% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Aperio Group LLC raised its position in Wabco Holdings by 36.7% in the first quarter. Aperio Group LLC now owns 15,622 shares of the company’s stock valued at $1,670,000 after buying an additional 4,196 shares during the period. Pacad Investment Ltd. bought a new position in Wabco Holdings during the first quarter valued at $374,000. TIAA CREF Investment Management LLC raised its position in Wabco Holdings by 4.4% in the first quarter. TIAA CREF Investment Management LLC now owns 392,234 shares of the company’s stock valued at $41,938,000 after buying an additional 16,375 shares during the period. Prudential Financial Inc. raised its position in Wabco Holdings by 104.8% in the first quarter. Prudential Financial Inc. now owns 7,620 shares of the company’s stock valued at $815,000 after buying an additional 3,900 shares during the period. Finally, M&T Bank Corp raised its position in Wabco Holdings by 12.3% in the first quarter. M&T Bank Corp now owns 4,678 shares of the company’s stock valued at $500,000 after buying an additional 511 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.
About Wabco Holdings
WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers. The Company engineers, develops, manufactures and sells systems controlling braking, stability, suspension, transmission automation, as well transmission automation and air management systems for commercial vehicles.
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