KeyCorp Brokers Lift Earnings Estimates for Wabco Holdings Inc. (WBC)
Wabco Holdings Inc. (NYSE:WBC) – Equities research analysts at KeyCorp boosted their FY2017 EPS estimates for Wabco Holdings in a report issued on Thursday. KeyCorp analyst J. Hammond now forecasts that the auto parts company will post earnings of $6.65 per share for the year, up from their previous forecast of $6.30. KeyCorp has a “Overweight” rating and a $165.00 price objective on the stock. KeyCorp also issued estimates for Wabco Holdings’ Q4 2017 earnings at $1.78 EPS and FY2018 earnings at $7.60 EPS.
WBC has been the topic of a number of other reports. Zacks Investment Research lowered shares of Wabco Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Robert W. Baird lifted their price objective on shares of Wabco Holdings from $170.00 to $182.00 and gave the company an “outperform” rating in a research report on Friday. Berenberg Bank began coverage on shares of Wabco Holdings in a research report on Monday, September 25th. They issued a “buy” rating and a $173.00 price objective on the stock. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $147.00 price objective (up from $128.00) on shares of Wabco Holdings in a research report on Wednesday, October 4th. Finally, Buckingham Research began coverage on shares of Wabco Holdings in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $142.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $159.80.
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Wabco Holdings (WBC) opened at 154.66 on Monday. Wabco Holdings has a 1-year low of $96.10 and a 1-year high of $155.94. The firm has a market capitalization of $8.29 billion, a PE ratio of 25.80 and a beta of 1.65. The company has a 50 day moving average of $147.26 and a 200 day moving average of $131.57.
Wabco Holdings (NYSE:WBC) last announced its quarterly earnings data on Thursday, October 19th. The auto parts company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.53 by $0.18. Wabco Holdings had a net margin of 9.75% and a return on equity of 41.10%. The business had revenue of $827.80 million during the quarter, compared to analysts’ expectations of $756.57 million. During the same period in the previous year, the business posted $1.54 EPS. The business’s quarterly revenue was up 22.6% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC raised its stake in shares of Wabco Holdings by 190.0% during the 2nd quarter. IHT Wealth Management LLC now owns 290 shares of the auto parts company’s stock worth $256,000 after buying an additional 190 shares during the last quarter. Pacad Investment Ltd. acquired a new position in shares of Wabco Holdings during the 2nd quarter worth $179,000. Trexquant Investment LP acquired a new position in shares of Wabco Holdings during the 2nd quarter worth $204,000. Oakbrook Investments LLC acquired a new position in shares of Wabco Holdings during the 3rd quarter worth $253,000. Finally, Sawtooth Solutions LLC acquired a new position in shares of Wabco Holdings during the 2nd quarter worth $238,000. 97.52% of the stock is owned by institutional investors and hedge funds.
In other news, insider Lisa Jane Brown sold 1,000 shares of Wabco Holdings stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $140.00, for a total transaction of $140,000.00. Following the completion of the transaction, the insider now owns 4,228 shares of the company’s stock, valued at approximately $591,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Juergen Gromer sold 7,127 shares of Wabco Holdings stock in a transaction on Monday, July 31st. The stock was sold at an average price of $138.00, for a total value of $983,526.00. Following the transaction, the director now directly owns 969 shares of the company’s stock, valued at approximately $133,722. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by company insiders.
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.
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