Wabco Holdings Inc. (WBC) Upgraded at Zacks Investment Research
Wabco Holdings Inc. (NYSE:WBC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm currently has a $157.00 target price on the auto parts company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 11.70% from the company’s current price.
According to Zacks, “WABCO is one of the world’s leading providers of electronic braking, stability, suspension and transmission control systems for heavy duty commercial vehicles. WABCO products are also increasingly used in luxury cars and sport utility vehicles. “
Several other equities research analysts have also recently issued reports on WBC. Deutsche Bank AG raised their target price on shares of Wabco Holdings from $129.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 6th. Seaport Global Securities started coverage on shares of Wabco Holdings in a report on Thursday, April 6th. They issued a “buy” rating and a $135.00 target price on the stock. TheStreet upgraded shares of Wabco Holdings from a “c+” rating to a “b-” rating in a report on Thursday, April 6th. Stifel Nicolaus restated a “buy” rating and issued a $130.00 target price on shares of Wabco Holdings in a report on Monday, April 24th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $127.00 target price on shares of Wabco Holdings in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Wabco Holdings has an average rating of “Buy” and a consensus target price of $135.00.
Wabco Holdings (NYSE:WBC) traded down 0.551% during trading on Tuesday, reaching $139.785. The company had a trading volume of 106,225 shares. The firm’s 50 day moving average price is $126.86 and its 200 day moving average price is $117.96. Wabco Holdings has a 12-month low of $96.09 and a 12-month high of $142.85. The firm has a market capitalization of $7.50 billion, a PE ratio of 23.317 and a beta of 1.64.
Wabco Holdings (NYSE:WBC) last issued its earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.15. Wabco Holdings had a net margin of 11.23% and a return on equity of 40.21%. The company had revenue of $795 million for the quarter, compared to analysts’ expectations of $759.33 million. During the same quarter last year, the company posted $1.43 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Equities research analysts forecast that Wabco Holdings will post $6.20 EPS for the current year.
Several hedge funds have recently made changes to their positions in the stock. Comerica Bank purchased a new stake in shares of Wabco Holdings during the fourth quarter valued at approximately $379,000. Quadrature Capital Ltd purchased a new stake in shares of Wabco Holdings during the fourth quarter valued at approximately $801,000. Macquarie Group Ltd. increased its stake in shares of Wabco Holdings by 93.8% in the fourth quarter. Macquarie Group Ltd. now owns 3,100 shares of the auto parts company’s stock valued at $329,000 after buying an additional 1,500 shares during the last quarter. Creative Planning increased its stake in shares of Wabco Holdings by 6.8% in the first quarter. Creative Planning now owns 4,880 shares of the auto parts company’s stock valued at $573,000 after buying an additional 311 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s stock.
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.
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