WABCO (WBC) Stock Price Down 0.3%
WABCO Holdings Inc. (NYSE:WBC) shares were down 0.3% during trading on Thursday . The stock traded as low as $110.50 and last traded at $115.75. Approximately 9,239 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 244,921 shares. The stock had previously closed at $116.14.
Several research analysts have commented on WBC shares. Stifel Nicolaus set a $159.00 price objective on shares of WABCO and gave the stock a “buy” rating in a report on Friday, July 20th. Royal Bank of Canada restated a “buy” rating and issued a $160.00 price objective on shares of WABCO in a report on Friday, July 20th. Morgan Stanley set a $135.00 price objective on shares of WABCO and gave the stock a “buy” rating in a report on Thursday. Zacks Investment Research upgraded shares of WABCO from a “hold” rating to a “buy” rating and set a $143.00 price objective for the company in a report on Friday, May 25th. Finally, Buckingham Research set a $125.00 price objective on shares of WABCO and gave the stock a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. WABCO has an average rating of “Hold” and an average price target of $154.79.
The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 1.03 and a beta of 1.83. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.07 and a current ratio of 2.48.
Several large investors have recently added to or reduced their stakes in the company. Next Century Growth Investors LLC purchased a new stake in WABCO during the 1st quarter valued at about $112,000. SG Americas Securities LLC purchased a new stake in WABCO during the 2nd quarter valued at about $106,000. Fort L.P. purchased a new stake in WABCO during the 2nd quarter valued at about $118,000. Point72 Asia Hong Kong Ltd purchased a new stake in WABCO during the 1st quarter valued at about $170,000. Finally, Zions Bancorporation purchased a new stake in WABCO during the 2nd quarter valued at about $154,000.
WABCO Company Profile (NYSE:WBC)
WABCO Holdings Inc, together with its subsidiaries, supplies electronic, mechanical, electro-mechanical, and aerodynamic products worldwide. The company engineers, develops, manufactures, and sells braking, stability, suspension, transmission automation, and air management systems primarily for commercial vehicles.
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