Barclays PLC Increases Wabco Holdings Inc. (WBC) Price Target to $107.00
Wabco Holdings Inc. (NYSE:WBC) had its target price upped by research analysts at Barclays PLC from $103.00 to $107.00 in a report issued on Wednesday. The brokerage currently has an “equal weight” rating on the stock. Barclays PLC’s price objective points to a potential downside of 0.73% from the company’s previous close.
Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. dropped their price objective on Wabco Holdings from $109.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, August 15th. Zacks Investment Research downgraded Wabco Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Robert W. Baird reaffirmed a “buy” rating on shares of Wabco Holdings in a research note on Tuesday, June 28th. Piper Jaffray Cos. downgraded Wabco Holdings from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $124.00 to $94.00 in a research note on Tuesday, June 28th. Finally, Goldman Sachs Group Inc. raised their price objective on Wabco Holdings from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Thursday, July 21st. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Wabco Holdings presently has a consensus rating of “Buy” and a consensus target price of $117.92.
Wabco Holdings (NYSE:WBC) opened at 107.79 on Wednesday. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 31.01 and a beta of 2.04. The company’s 50-day moving average price is $108.57 and its 200 day moving average price is $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 released its quarterly earnings data on Wednesday, July 20th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.03. Wabco Holdings had a return on equity of 39.45% and a net margin of 7.28%. The firm earned $732.20 million during the quarter, compared to the consensus estimate of $706.60 million. During the same period last year, the business posted $1.40 EPS. Wabco Holdings’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities analysts expect that Wabco Holdings will post $5.73 earnings per share for the current fiscal year.
In related news, insider Nick Rens sold 600 shares of Wabco Holdings stock in a transaction on Monday, August 8th. The stock was sold at an average price of $101.19, for a total value of $60,714.00. Following the transaction, the insider now owns 9,665 shares in the company, valued at $978,001.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.79% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Lodge Hill Capital LLC bought a new position in shares of Wabco Holdings during the second quarter worth approximately $35,712,000. Bank of Montreal Can bought a new position in shares of Wabco Holdings during the second quarter worth approximately $22,661,000. Harding Loevner LP bought a new position in shares of Wabco Holdings during the third quarter worth approximately $26,395,000. TimesSquare Capital Management LLC boosted its position in shares of Wabco Holdings by 18.3% in the second quarter. TimesSquare Capital Management LLC now owns 1,285,425 shares of the company’s stock worth $117,706,000 after buying an additional 198,725 shares in the last quarter. Finally, BlackRock Advisors LLC boosted its position in shares of Wabco Holdings by 91.5% in the second quarter. BlackRock Advisors LLC now owns 400,215 shares of the company’s stock worth $36,648,000 after buying an additional 191,201 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.
Wabco Holdings Company Profile
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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