Wabco Holdings Inc. (WBC) Price Target Increased to $114.00 by Analysts at Deutsche Bank AG
Wabco Holdings Inc. (NYSE:WBC) had its target price lifted by Deutsche Bank AG from $113.00 to $114.00 in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Deutsche Bank AG’s price objective points to a potential upside of 3.20% from the stock’s previous close.
Other analysts have also recently issued research reports about the stock. Barclays PLC raised their target price on shares of Wabco Holdings from $103.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of Wabco Holdings from $109.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, August 15th. Zacks Investment Research cut shares of Wabco Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Robert W. Baird reiterated a “buy” rating on shares of Wabco Holdings in a research note on Tuesday, June 28th. Finally, Piper Jaffray Cos. cut shares of Wabco Holdings from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $124.00 to $94.00 in a research note on Tuesday, June 28th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Wabco Holdings has an average rating of “Buy” and a consensus price target of $117.92.
Shares of Wabco Holdings (NYSE:WBC) traded down 0.64% on Wednesday, hitting $109.75. The stock had a trading volume of 74,363 shares. The firm’s 50-day moving average price is $108.49 and its 200 day moving average price is $104.40. The firm has a market cap of $6.12 billion, a P/E ratio of 31.57 and a beta of 2.04. 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 earnings results on Wednesday, July 20th. The company reported $1.43 EPS for the quarter, topping 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 company earned $732.20 million during the quarter, compared to analysts’ expectations of $706.60 million. During the same quarter last year, the business earned $1.40 EPS. The business’s revenue was up 10.8% on a year-over-year basis. Analysts anticipate that Wabco Holdings will post $5.73 EPS for the current fiscal year.
In other news, insider Nick Rens sold 600 shares of Wabco Holdings stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $101.19, for a total transaction of $60,714.00. Following the completion of the sale, the insider now directly owns 9,665 shares in the company, valued at $978,001.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.79% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in WBC. Point72 Asia Hong Kong Ltd increased its stake in 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 last quarter. Advisor Group Inc. bought a new stake in Wabco Holdings during the second quarter worth about $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 during 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 during 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 during the last quarter. Hedge funds and other institutional investors 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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