Shares of WABCO Holdings Inc. (NYSE:WBC) have earned a consensus recommendation of “Buy” from the sixteen brokerages that are covering the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $121.82.
Several research analysts have recently commented on WBC shares. Piper Jaffray Companies raised WABCO Holdings from a “neutral” rating to an “overweight” rating and set a $129.00 target price on the stock in a report on Thursday, February 2nd. Deutsche Bank AG boosted their target price on WABCO Holdings from $129.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 6th. TheStreet downgraded WABCO Holdings from a “b” rating to a “c+” rating in a report on Thursday, March 2nd. Zacks Investment Research raised WABCO Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, January 24th. Finally, BMO Capital Markets downgraded WABCO Holdings from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $120.00 to $115.00 in a report on Friday, January 13th.
In other WABCO Holdings news, insider Nicolas Bardot sold 2,592 shares of the company’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $114.60, for a total transaction of $297,043.20. Following the transaction, the insider now owns 3,952 shares of the company’s stock, valued at approximately $452,899.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.79% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Scotia Capital Inc. increased its position in WABCO Holdings by 0.9% in the fourth quarter. Scotia Capital Inc. now owns 8,313 shares of the company’s stock worth $883,000 after buying an additional 75 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in WABCO Holdings by 1.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,701 shares of the company’s stock worth $874,000 after buying an additional 95 shares during the period. Gulf International Bank UK Ltd increased its position in WABCO Holdings by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 16,690 shares of the company’s stock worth $1,959,000 after buying an additional 100 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. increased its position in WABCO Holdings by 1.2% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 12,755 shares of the company’s stock worth $1,448,000 after buying an additional 150 shares during the period. Finally, US Bancorp DE increased its position in WABCO Holdings by 16.9% in the third quarter. US Bancorp DE now owns 1,257 shares of the company’s stock worth $143,000 after buying an additional 182 shares during the period.
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Shares of WABCO Holdings (NYSE:WBC) traded down 1.37% during trading on Monday, reaching $111.74. 229,242 shares of the company’s stock traded hands. The company has a 50 day moving average price of $115.46 and a 200-day moving average price of $109.02. WABCO Holdings has a one year low of $84.48 and a one year high of $118.50. The stock has a market cap of $6.09 billion, a P/E ratio of 28.08 and a beta of 1.77.
WABCO Holdings (NYSE:WBC) last announced its earnings results on Friday, February 17th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.44 by $0.03. The business had revenue of $713.70 million for the quarter, compared to the consensus estimate of $699.60 million. WABCO Holdings had a return on equity of 39.77% and a net margin of 9.34%. WABCO Holdings’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 EPS. On average, equities research analysts expect that WABCO Holdings will post $5.90 EPS for the current fiscal year.
WABCO Holdings 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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