Wabco Holdings Inc. (NYSE:WBC) had its price target raised by stock analysts at Deutsche Bank AG from $113.00 to $114.00 in a report released on Wednesday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s price objective indicates a potential upside of 5.76% from the company’s previous close.
A number of other brokerages have also recently commented on WBC. Credit Agricole SA assumed coverage on shares of Wabco Holdings in a report on Friday, September 30th. They set an “outperform” rating and a $125.00 target price on the stock. Barclays PLC boosted their target price on shares of Wabco Holdings from $103.00 to $107.00 and gave the company an “equal weight” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a report on Wednesday, September 21st. JPMorgan Chase & Co. dropped their target price on shares of Wabco Holdings from $109.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, August 15th. Finally, Goldman Sachs Group Inc. boosted their target price on shares of Wabco Holdings from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Thursday, July 21st. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $117.92.
Wabco Holdings (NYSE:WBC) opened at 107.79 on Wednesday. The stock has a market cap of $6.01 billion, a P/E ratio of 31.01 and a beta of 2.04. The stock has a 50 day moving average of $108.57 and a 200 day moving average of $104.46. Wabco Holdings has a 1-year low of $81.65 and a 1-year high of $115.80.
Wabco Holdings (NYSE:WBC) last announced its earnings results on Wednesday, July 20th. The company reported $1.43 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $732.20 million for the quarter, compared to analysts’ expectations of $706.60 million. During the same quarter in the previous year, the business posted $1.40 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Equities analysts anticipate that Wabco Holdings will post $5.73 EPS for the current fiscal year.
In other Wabco Holdings news, insider Nick Rens sold 600 shares of the company’s 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 transaction, the insider now owns 9,665 shares in the company, valued at approximately $978,001.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.79% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Aperio Group LLC boosted its position in Wabco Holdings by 36.7% in the first quarter. Aperio Group LLC now owns 15,622 shares of the company’s stock valued at $1,670,000 after buying an additional 4,196 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in Wabco Holdings during the first quarter valued at approximately $374,000. TIAA CREF Investment Management LLC raised its stake in Wabco Holdings by 4.4% in the first quarter. TIAA CREF Investment Management LLC now owns 392,234 shares of the company’s stock valued at $41,938,000 after buying an additional 16,375 shares during the last quarter. Prudential Financial Inc. raised its stake in Wabco Holdings by 104.8% in the first quarter. Prudential Financial Inc. now owns 7,620 shares of the company’s stock valued at $815,000 after buying an additional 3,900 shares during the last quarter. Finally, M&T Bank Corp raised its stake in Wabco Holdings by 12.3% in the first quarter. M&T Bank Corp now owns 4,678 shares of the company’s stock valued at $500,000 after buying an additional 511 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.
About Wabco Holdings
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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