Favorable Press Coverage Somewhat Unlikely to Impact WABCO (WBC) Share Price
Headlines about WABCO (NYSE:WBC) have been trending positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. WABCO earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned news coverage about the auto parts company an impact score of 46.6349240045716 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern’s rankings:
- WABCO (WBC) Price Target Cut to $152.00 by Analysts at Buckingham Research (americanbankingnews.com)
- WABCO (WBC) Rating Reiterated by Stifel Nicolaus (americanbankingnews.com)
- $1.86 EPS Expected for WABCO Holdings Inc. (WBC) This Quarter (americanbankingnews.com)
- WABCO (WBC) Releases Earnings Results, Beats Estimates By $0.20 EPS (americanbankingnews.com)
- WABCO (WBC) Updates FY18 Earnings Guidance (americanbankingnews.com)
A number of equities research analysts have commented on the company. Buckingham Research reduced their target price on WABCO from $156.00 to $152.00 and set a “neutral” rating on the stock in a research report on Tuesday. Stifel Nicolaus restated a “buy” rating and issued a $160.00 target price (down previously from $162.00) on shares of WABCO in a research report on Tuesday. Zacks Investment Research upgraded WABCO from a “hold” rating to a “buy” rating and set a $177.00 price objective on the stock in a report on Thursday, January 25th. ValuEngine downgraded WABCO from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Vertical Research downgraded WABCO from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $163.07.
WABCO (NYSE:WBC) last released its earnings results on Friday, February 16th. The auto parts company reported $2.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.20. WABCO had a return on equity of 40.17% and a net margin of 12.29%. The firm had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $900.52 million. During the same period in the previous year, the firm posted $1.47 EPS. WABCO’s revenue for the quarter was up 30.9% on a year-over-year basis. sell-side analysts expect that WABCO will post 7.54 EPS for the current fiscal year.
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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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