WABCO (WBC) Upgraded at ValuEngine

ValuEngine upgraded shares of WABCO (NYSE:WBC) from a sell rating to a hold rating in a report issued on Wednesday.

A number of other analysts also recently weighed in on the stock. Morgan Stanley set a $124.00 price target on shares of WABCO and gave the stock a buy rating in a report on Friday, October 19th. Robert W. Baird cut their price target on shares of WABCO from $120.00 to $119.00 and set a neutral rating for the company in a report on Friday, October 19th. Citigroup cut their price target on shares of WABCO from $140.00 to $130.00 and set a buy rating for the company in a report on Friday, October 19th. Bank of America downgraded shares of WABCO from a buy rating to an underperform rating and cut their price target for the stock from $130.00 to $95.00 in a report on Wednesday, October 17th. Finally, Wolfe Research raised shares of WABCO from a peer perform rating to an outperform rating in a report on Friday, October 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $132.82.

Shares of WABCO stock opened at $118.70 on Wednesday. WABCO has a 1-year low of $100.80 and a 1-year high of $162.20. The company has a quick ratio of 1.89, a current ratio of 2.28 and a debt-to-equity ratio of 0.70. The company has a market cap of $6.18 billion, a PE ratio of 15.29, a PEG ratio of 1.02 and a beta of 1.79.

WABCO (NYSE:WBC) last issued its quarterly earnings results on Thursday, October 18th. The auto parts company reported $1.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.19. WABCO had a net margin of 11.62% and a return on equity of 33.10%. The company had revenue of $914.80 million during the quarter, compared to the consensus estimate of $932.66 million. During the same quarter in the prior year, the firm posted $1.71 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. On average, research analysts forecast that WABCO will post 7.73 earnings per share for the current year.

A number of large investors have recently modified their holdings of WBC. Guggenheim Capital LLC lifted its stake in WABCO by 94.3% in the 1st quarter. Guggenheim Capital LLC now owns 3,292 shares of the auto parts company’s stock valued at $441,000 after purchasing an additional 1,598 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in WABCO by 32.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,160 shares of the auto parts company’s stock valued at $720,000 after purchasing an additional 1,500 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in WABCO by 13.8% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 14,051 shares of the auto parts company’s stock valued at $1,644,000 after purchasing an additional 1,700 shares during the last quarter. Bank of Montreal Can lifted its stake in WABCO by 3.6% in the 2nd quarter. Bank of Montreal Can now owns 129,280 shares of the auto parts company’s stock valued at $15,129,000 after purchasing an additional 4,495 shares during the last quarter. Finally, Amalgamated Bank raised its stake in shares of WABCO by 15.6% during the second quarter. Amalgamated Bank now owns 12,502 shares of the auto parts company’s stock valued at $1,463,000 after acquiring an additional 1,687 shares during the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

WABCO Company Profile

WABCO Holdings Inc, together with its subsidiaries, supplies electronic, mechanical, electro-mechanical, and aerodynamic products worldwide. The company engineers, develops, manufactures, and sells braking, stability, suspension, transmission automation, and air management systems primarily for commercial vehicles.

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Analyst Recommendations for WABCO (NYSE:WBC)

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