WABCO (WBC) Given a $162.00 Price Target by Stifel Nicolaus Analysts

WABCO (NYSE:WBC) received a $162.00 price objective from research analysts at Stifel Nicolaus in a report released on Friday. The firm presently has a “buy” rating on the auto parts company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 17.17% from the stock’s current price.

Several other brokerages have also recently weighed in on WBC. Zacks Investment Research cut WABCO from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. BMO Capital Markets upped their target price on WABCO from $147.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Bank of America upped their target price on WABCO from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Buckingham Research upped their target price on WABCO from $148.00 to $154.00 and gave the company a “neutral” rating in a research report on Friday, October 20th. Finally, Citigroup increased their price target on WABCO from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $160.67.

Shares of WABCO (NYSE WBC) traded down $1.74 on Friday, reaching $138.26. The company’s stock had a trading volume of 192,432 shares, compared to its average volume of 299,963. WABCO has a fifty-two week low of $110.52 and a fifty-two week high of $162.20. The company has a current ratio of 3.00, a quick ratio of 2.60 and a debt-to-equity ratio of 0.99. The firm has a market cap of $7,719.97, a PE ratio of 24.88, a PEG ratio of 1.26 and a beta of 1.77.

Large investors have recently bought and sold shares of the stock. Citigroup Inc. boosted its stake in WABCO by 112.8% during the second quarter. Citigroup Inc. now owns 3,706 shares of the auto parts company’s stock valued at $472,000 after buying an additional 32,697 shares during the period. Advisor Group Inc. lifted its stake in WABCO by 62.7% during the second quarter. Advisor Group Inc. now owns 2,322 shares of the auto parts company’s stock worth $296,000 after purchasing an additional 895 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of WABCO by 20.1% in the second quarter. Parametric Portfolio Associates LLC now owns 73,441 shares of the auto parts company’s stock worth $9,364,000 after buying an additional 12,284 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of WABCO by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 240,663 shares of the auto parts company’s stock worth $30,687,000 after buying an additional 1,999 shares during the period. Finally, HighTower Advisors LLC purchased a new position in shares of WABCO in the second quarter worth about $552,000. 95.63% of the stock is owned by institutional investors.

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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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