WABCO Holdings Inc. (WBC) Now Covered by Analysts at Credit Agricole SA
Several other research firms also recently commented on WBC. Deutsche Bank AG assumed coverage on shares of WABCO Holdings in a research note on Tuesday, September 6th. They issued a hold rating and a $113.00 price target on the stock. Zacks Investment Research upgraded shares of WABCO Holdings from a hold rating to a buy rating and set a $119.00 price objective on the stock in a research note on Wednesday, September 21st. JPMorgan Chase & Co. reduced their price objective on shares of WABCO Holdings from $109.00 to $100.00 and set a neutral rating on the stock in a research note on Monday, August 15th. TheStreet upgraded shares of WABCO Holdings from a hold rating to a buy rating in a research note on Wednesday, July 20th. Finally, Goldman Sachs Group Inc. increased their price objective on shares of WABCO Holdings from $105.00 to $106.00 and gave the stock a neutral rating in a research note on Thursday, July 21st. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of Buy and an average target price of $117.08.
Shares of WABCO Holdings (NYSE:WBC) opened at 113.53 on Friday. The firm has a market cap of $6.33 billion, a PE ratio of 32.66 and a beta of 2.04. The stock’s 50 day moving average is $106.77 and its 200 day moving average is $103.98. WABCO Holdings has a 12 month low of $81.66 and a 12 month high of $115.80.
WABCO Holdings (NYSE:WBC) last released its quarterly earnings results on Wednesday, July 20th. The company reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.03. WABCO Holdings had a net margin of 7.28% and a return on equity of 39.45%. The business had revenue of $732.20 million for the quarter, compared to the consensus estimate of $706.60 million. During the same period in the prior year, the company posted $1.40 earnings per share. WABCO Holdings’s revenue was up 10.8% compared to the same quarter last year. Analysts forecast that WABCO Holdings will post $5.73 EPS for the current fiscal year.
In related news, insider Nick Rens sold 600 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $101.19, for a total value of $60,714.00. Following the completion of the transaction, the insider now owns 9,665 shares in the company, valued at approximately $978,001.35. The sale 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.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asia Hong Kong Ltd raised its position in shares of WABCO Holdings by 1,000.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the company’s stock worth $101,000 after buying an additional 1,000 shares during the period. Advisor Group Inc. purchased a new stake in WABCO Holdings during the second quarter worth $102,000. Nordea Investment Management AB increased its stake in WABCO Holdings by 6.7% in the second quarter. Nordea Investment Management AB now owns 1,539 shares of the company’s stock worth $141,000 after buying an additional 97 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in WABCO Holdings by 92.3% in the second quarter. BNP Paribas Arbitrage SA now owns 1,602 shares of the company’s stock worth $147,000 after buying an additional 769 shares in the last quarter. Finally, LS Investment Advisors LLC increased its stake in WABCO Holdings by 8.5% in the second quarter. LS Investment Advisors LLC now owns 2,015 shares of the company’s stock worth $185,000 after buying an additional 158 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.
WABCO Holdings Company Profile
WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers. The Company engineers, develops, manufactures and sells systems controlling braking, stability, suspension, transmission automation, as well transmission automation and air management systems for commercial vehicles.
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