Very Favorable Media Coverage Likely to Affect Wabco Holdings (WBC) Stock Price

Media stories about Wabco Holdings (NYSE:WBC) have trended very positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Wabco Holdings earned a media sentiment score of 0.57 on Accern’s scale. Accern also gave headlines about the auto parts company an impact score of 75 out of 100, meaning that recent press coverage is likely to have an effect on the stock’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

Wabco Holdings (NYSE WBC) opened at 129.21 on Monday. The firm has a market cap of $6.99 billion, a P/E ratio of 22.61 and a beta of 1.64. Wabco Holdings has a 52-week low of $87.69 and a 52-week high of $130.11. The firm’s 50-day moving average price is $121.62 and its 200-day moving average price is $115.29.

Wabco Holdings (NYSE:WBC) last issued its earnings results on Friday, April 21st. The auto parts company reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.04. The business had revenue of $743.30 million during the quarter, compared to the consensus estimate of $719.50 million. Wabco Holdings had a return on equity of 40.37% and a net margin of 11.05%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 earnings per share. Equities research analysts expect that Wabco Holdings will post $5.96 EPS for the current year.

A number of brokerages have recently commented on WBC. Royal Bank of Canada reaffirmed a “buy” rating and issued a $127.00 price target on shares of Wabco Holdings in a research note on Friday. BMO Capital Markets reaffirmed a “hold” rating and issued a $115.00 price target on shares of Wabco Holdings in a research note on Friday. BidaskClub cut Wabco Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $130.00 price target on shares of Wabco Holdings in a research note on Monday, April 24th. Finally, TheStreet raised Wabco Holdings from a “c+” rating to a “b-” rating in a research note on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Wabco Holdings currently has an average rating of “Buy” and a consensus target price of $122.25.

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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.

Insider Buying and Selling by Quarter for Wabco Holdings (NYSE:WBC)

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