WABCO (WBC) Reaches New 1-Year Low at $101.23
WABCO Holdings Inc. (NYSE:WBC) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $101.23 and last traded at $103.45, with a volume of 49660 shares. The stock had previously closed at $110.00.
A number of research analysts have issued reports on WBC shares. Mizuho started coverage on shares of WABCO in a report on Thursday, June 28th. They issued a “neutral” rating and a $130.00 price target for the company. ValuEngine cut shares of WABCO from a “sell” rating to a “strong sell” rating in a report on Monday, July 2nd. Zacks Investment Research cut shares of WABCO from a “buy” rating to a “hold” rating in a report on Saturday, July 7th. BMO Capital Markets reaffirmed a “hold” rating and issued a $135.00 price target on shares of WABCO in a report on Thursday, July 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $160.00 price target on shares of WABCO in a report on Friday, July 20th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $145.92.
The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.07 and a current ratio of 2.48. The firm has a market capitalization of $6.24 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 1.05 and a beta of 1.82.
Several institutional investors have recently modified their holdings of WBC. SG Americas Securities LLC purchased a new position in shares of WABCO during the second quarter worth $106,000. Fort L.P. purchased a new position in shares of WABCO during the second quarter worth $118,000. Zions Bancorporation purchased a new position in shares of WABCO during the second quarter worth $154,000. CIBC World Markets Inc. purchased a new position in shares of WABCO during the first quarter worth $214,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of WABCO during the second quarter worth $248,000.
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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