Brokerages Set WABCO Holdings Inc. (WBC) Target Price at $159.80

Shares of WABCO Holdings Inc. (NYSE:WBC) have been assigned an average recommendation of “Buy” from the nineteen brokerages that are presently covering the firm, MarketBeat.com reports. Five investment 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 1-year price target among analysts that have issued ratings on the stock in the last year is $159.80.

WBC has been the subject of several research reports. BMO Capital Markets boosted their price objective on shares of WABCO from $147.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Zacks Investment Research lowered shares of WABCO from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Stifel Nicolaus restated a “buy” rating and set a $160.00 price target on shares of WABCO in a research report on Thursday, October 12th. Royal Bank of Canada raised their price target on shares of WABCO to $169.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Finally, ValuEngine lowered shares of WABCO from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

WABCO (NYSE:WBC) traded down $0.04 during trading on Monday, reaching $143.81. 115,733 shares of the company’s stock traded hands, compared to its average volume of 354,027. The stock has a market cap of $7,717.29, a PE ratio of 22.69, a price-to-earnings-growth ratio of 1.44 and a beta of 1.67. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.60 and a current ratio of 3.00. WABCO has a 12 month low of $102.39 and a 12 month high of $156.08.

WABCO (NYSE:WBC) last released its quarterly earnings data on Thursday, October 19th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.18. The company had revenue of $827.80 million during the quarter, compared to analysts’ expectations of $756.57 million. WABCO had a net margin of 9.75% and a return on equity of 38.93%. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.54 EPS. research analysts predict that WABCO will post 6.65 earnings per share for the current year.

In other WABCO news, Chairman Jacques Esculier sold 172,394 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $151.24, for a total transaction of $26,072,868.56. Following the transaction, the chairman now directly owns 312,079 shares of the company’s stock, valued at $47,198,827.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.79% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC grew its position in WABCO by 0.6% in the 2nd quarter. Advisory Services Network LLC now owns 7,046 shares of the auto parts company’s stock worth $898,000 after purchasing an additional 40 shares during the period. Prudential Financial Inc. lifted its stake in shares of WABCO by 3.3% in the second quarter. Prudential Financial Inc. now owns 3,160 shares of the auto parts company’s stock worth $403,000 after buying an additional 100 shares in the last quarter. IHT Wealth Management LLC lifted its stake in shares of WABCO by 190.0% in the second 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 in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of WABCO by 0.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 76,559 shares of the auto parts company’s stock worth $9,762,000 after buying an additional 364 shares in the last quarter. Finally, Epoch Investment Partners Inc. lifted its stake in shares of WABCO by 0.9% in the third quarter. Epoch Investment Partners Inc. now owns 45,232 shares of the auto parts company’s stock worth $6,695,000 after buying an additional 400 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

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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.

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