Wabco Holdings Inc. (WBC) Downgraded by BidaskClub
Wabco Holdings Inc. (NYSE:WBC) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday.
A number of other research analysts have also issued reports on WBC. TheStreet lowered shares of Wabco Holdings from a “b” rating to a “c+” rating in a report on Thursday, March 2nd. Deutsche Bank AG increased their target price on shares of Wabco Holdings from $129.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, April 6th. Seaport Global Securities began coverage on shares of Wabco Holdings in a research report on Thursday, April 6th. They set a “buy” rating and a $135.00 target price for the company. Stifel Nicolaus reissued a “buy” rating and set a $130.00 target price on shares of Wabco Holdings in a research report on Monday, April 24th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $127.00 target price on shares of Wabco Holdings in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $122.25.
Shares of Wabco Holdings (NYSE:WBC) traded down 0.621% on Wednesday, reaching $120.875. 407,471 shares of the company were exchanged. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 21.154 and a beta of 1.62. Wabco Holdings has a 12 month low of $84.48 and a 12 month high of $126.07. The company’s 50-day moving average price is $120.75 and its 200 day moving average price is $114.65.
Wabco Holdings (NYSE:WBC) last issued its quarterly earnings data on Friday, April 21st. The auto parts company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.04. The business had revenue of $743.30 million during the quarter, compared to analyst estimates of $719.50 million. Wabco Holdings had a net margin of 11.05% and a return on equity of 40.37%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $1.37 EPS. On average, equities research analysts expect that Wabco Holdings will post $5.96 EPS for the current year.
Hedge funds have recently bought and sold shares of the stock. Cortina Asset Management LLC acquired a new stake in Wabco Holdings during the first quarter valued at about $200,000. Denver Investment Advisors LLC acquired a new stake in Wabco Holdings during the first quarter valued at about $205,000. RGT Capital Management Ltd. acquired a new stake in Wabco Holdings during the first quarter valued at about $206,000. Tredje AP fonden increased its stake in Wabco Holdings by 45.7% in the fourth quarter. Tredje AP fonden now owns 1,981 shares of the auto parts company’s stock valued at $210,000 after buying an additional 621 shares during the last quarter. Finally, Bancorpsouth Inc. acquired a new stake in Wabco Holdings during the first quarter valued at about $219,000. 98.74% of the stock is owned by institutional investors and hedge funds.
Wabco Holdings Company Profile
WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers of commercial trucks, buses and trailers, as well as passenger cars. The Company engineers, develops, manufactures and sells braking, stability, suspension and transmission automation and air management systems primarily for commercial vehicles.
Receive News & Ratings for Wabco Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabco Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.