WABCO (WBC) Getting Somewhat Favorable Press Coverage, Report Finds
News stories about WABCO (NYSE:WBC) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. WABCO earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the auto parts company an impact score of 46.5714899675789 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several equities analysts have recently weighed in on the company. Zacks Investment Research raised WABCO from a “hold” rating to a “buy” rating and set a $177.00 price objective on the stock in a research note on Thursday, January 25th. Vertical Research downgraded WABCO from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Piper Jaffray Companies reiterated a “buy” rating and set a $167.00 target price on shares of WABCO in a report on Sunday, October 22nd. Buckingham Research raised their target price on WABCO from $148.00 to $154.00 and gave the company a “neutral” rating in a report on Friday, October 20th. Finally, BMO Capital Markets raised their target price on WABCO from $147.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $160.53.
Shares of WABCO (NYSE WBC) traded down $4.47 during midday trading on Friday, hitting $151.46. The stock had a trading volume of 198,959 shares, compared to its average volume of 274,160. WABCO has a 1-year low of $110.52 and a 1-year high of $162.20. The company has a quick ratio of 2.60, a current ratio of 3.00 and a debt-to-equity ratio of 0.99. The company has a market cap of $8,130.00, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 1.37 and a beta of 1.76.
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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