WABCO Holdings Inc. (WBC) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of WABCO Holdings Inc. (NYSE:WBC) have been assigned an average recommendation of “Buy” from the nineteen brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $160.53.

Several research firms have recently issued reports on WBC. Zacks Investment Research downgraded shares of WABCO from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. BMO Capital Markets raised their price target on shares of WABCO from $147.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Bank of America raised their price target on shares of WABCO from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Buckingham Research raised their price target on shares of WABCO from $148.00 to $154.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. Finally, Citigroup increased their price objective on shares of WABCO from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, October 20th.

WABCO (NYSE WBC) traded up $0.06 during mid-day trading on Tuesday, hitting $146.17. 344,131 shares of the stock traded hands, compared to its average volume of 303,577. The company has a market capitalization of $7,720.00, a P/E ratio of 26.43, a P/E/G ratio of 1.33 and a beta of 1.76. WABCO has a 12-month low of $110.52 and a 12-month high of $162.20. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.00 and a quick ratio of 2.60.

Several institutional investors and hedge funds have recently bought and sold shares of WBC. Harding Loevner LP increased its position in shares of WABCO by 163.8% during the third quarter. Harding Loevner LP now owns 2,566,784 shares of the auto parts company’s stock worth $140,660,000 after buying an additional 1,593,796 shares during the period. Pictet Asset Management Ltd. increased its position in shares of WABCO by 137.5% during the third quarter. Pictet Asset Management Ltd. now owns 613,700 shares of the auto parts company’s stock worth $90,828,000 after buying an additional 355,300 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of WABCO during the second quarter worth $24,187,000. Castleark Management LLC acquired a new stake in WABCO in the second quarter worth $15,203,000. Finally, JPMorgan Chase & Co. grew its holdings in WABCO by 5.2% in the third quarter. JPMorgan Chase & Co. now owns 1,567,339 shares of the auto parts company’s stock worth $231,432,000 after purchasing an additional 78,113 shares during the period. Institutional investors own 95.63% of the company’s stock.

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WABCO 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.

Analyst Recommendations for WABCO (NYSE:WBC)

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