Wabco Holdings Inc. (NYSE:WBC) has received an average recommendation of “Buy” from the sixteen ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $128.40.

A number of brokerages recently commented on WBC. Royal Bank Of Canada reaffirmed a “buy” rating and set a $127.00 price objective on shares of Wabco Holdings in a research report on Friday, July 7th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $147.00 price objective on shares of Wabco Holdings in a research report on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and set a $130.00 price objective on shares of Wabco Holdings in a research report on Monday, April 24th. BidaskClub raised shares of Wabco Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Deutsche Bank AG boosted their price objective 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.

Hedge funds have recently bought and sold shares of the company. Concert Wealth Management Inc. increased its stake in Wabco Holdings by 0.8% in the first quarter. Concert Wealth Management Inc. now owns 2,486 shares of the auto parts company’s stock valued at $266,000 after buying an additional 19 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in Wabco Holdings by 0.3% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 13,525 shares of the auto parts company’s stock valued at $1,588,000 after buying an additional 45 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Wabco Holdings by 1.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,816 shares of the auto parts company’s stock valued at $448,000 after buying an additional 51 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in Wabco Holdings by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 16,690 shares of the auto parts company’s stock valued at $1,959,000 after buying an additional 100 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Wabco Holdings by 0.8% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,200 shares of the auto parts company’s stock valued at $1,434,000 after buying an additional 100 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

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Shares of Wabco Holdings (NYSE WBC) traded up 3.15% during trading on Friday, hitting $140.50. 942,703 shares of the company’s stock were exchanged. Wabco Holdings has a 1-year low of $96.09 and a 1-year high of $141.86. The firm has a market capitalization of $7.60 billion, a PE ratio of 24.59 and a beta of 1.64. The stock’s 50 day moving average is $125.95 and its 200 day moving average is $117.42.

Wabco Holdings (NYSE:WBC) last announced its quarterly earnings data on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.15. Wabco Holdings had a net margin of 11.05% and a return on equity of 40.37%. The firm had revenue of $795 million for the quarter, compared to the consensus estimate of $759.33 million. During the same period in the previous year, the firm posted $1.43 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Wabco Holdings will post $6.11 earnings per share for the current year.

About Wabco Holdings

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.

Analyst Recommendations for Wabco Holdings (NYSE:WBC)

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