WABCO Holdings Inc. (WBC) Receives Consensus Recommendation of “Buy” from Analysts
WABCO Holdings Inc. (NYSE:WBC) has received a consensus rating of “Buy” from the nineteen ratings firms that are covering the company, Marketbeat Ratings reports. Six equities research 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. The average 1 year price target among brokerages that have covered the stock in the last year is $162.13.
Several research analysts have recently issued reports on the stock. Stifel Nicolaus set a $162.00 price objective on shares of WABCO and gave the stock a “buy” rating in a report on Friday, February 9th. BMO Capital Markets restated a “market perform” rating and set a $150.00 price objective (down previously from $160.00) on shares of WABCO in a report on Friday, February 23rd. Buckingham Research restated a “neutral” rating and set a $152.00 price objective (down previously from $156.00) on shares of WABCO in a report on Tuesday, February 20th. Zacks Investment Research downgraded shares of WABCO from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Morgan Stanley assumed coverage on shares of WABCO in a report on Friday. They set an “overweight” rating and a $159.00 price objective on the stock.
WABCO (WBC) traded up $0.13 during trading hours on Friday, hitting $136.02. 590,693 shares of the stock traded hands, compared to its average volume of 424,473. WABCO has a one year low of $111.21 and a one year high of $162.20. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.93 and a current ratio of 2.23. The company has a market cap of $7,302.12, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 1.20 and a beta of 1.80.
Institutional investors have recently modified their holdings of the company. Pensionfund Sabic acquired a new stake in shares of WABCO during the 4th quarter valued at about $1,435,000. Congress Asset Management Co. MA boosted its position in shares of WABCO by 3.6% during the 4th quarter. Congress Asset Management Co. MA now owns 602,922 shares of the auto parts company’s stock valued at $86,519,000 after acquiring an additional 20,769 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of WABCO by 241.4% during the 3rd quarter. Toronto Dominion Bank now owns 2,171 shares of the auto parts company’s stock valued at $321,000 after acquiring an additional 1,535 shares in the last quarter. Caxton Associates LP acquired a new position in WABCO in the third quarter valued at about $1,110,000. Finally, Legal & General Group Plc boosted its position in WABCO by 7.3% in the third quarter. Legal & General Group Plc now owns 72,757 shares of the auto parts company’s stock valued at $10,767,000 after buying an additional 4,922 shares in the last quarter.
WABCO Company Profile
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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