WABCO (NYSE:WBC) was downgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a $98.00 price objective on the auto parts company’s stock, down from their prior price objective of $115.00. JPMorgan Chase & Co.‘s price target suggests a potential downside of 10.61% from the company’s current price.

A number of other equities research analysts have also recently issued reports on WBC. Vertical Research cut shares of WABCO from a “buy” rating to a “hold” rating in a report on Monday, January 7th. Bank of America lowered their target price on shares of WABCO from $148.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, September 14th. Stifel Nicolaus set a $135.00 target price on shares of WABCO and gave the company a “buy” rating in a report on Monday, December 10th. ValuEngine raised shares of WABCO from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. Finally, BMO Capital Markets reissued a “hold” rating and set a $130.00 target price (down previously from $135.00) on shares of WABCO in a report on Friday, September 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $127.92.

NYSE:WBC opened at $109.63 on Thursday. The company has a current ratio of 2.28, a quick ratio of 1.89 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $5.72 billion, a P/E ratio of 15.98, a P/E/G ratio of 0.90 and a beta of 1.72. WABCO has a 12 month low of $98.90 and a 12 month high of $162.20.

WABCO (NYSE:WBC) last posted its quarterly earnings results on Thursday, October 18th. The auto parts company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.19. WABCO had a net margin of 11.62% and a return on equity of 33.10%. The company had revenue of $914.80 million for the quarter, compared to analysts’ expectations of $932.66 million. During the same quarter in the previous year, the firm posted $1.71 EPS. WABCO’s revenue was up 10.5% on a year-over-year basis. As a group, sell-side analysts expect that WABCO will post 7.73 EPS for the current year.

WABCO declared that its board has approved a share repurchase plan on Monday, December 10th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the auto parts company to repurchase up to 10.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WBC. Capital Guardian Trust Co. purchased a new position in shares of WABCO during the 3rd quarter valued at $104,000. SG Americas Securities LLC purchased a new position in shares of WABCO during the 2nd quarter valued at $106,000. Stratos Wealth Partners LTD. purchased a new position in shares of WABCO during the 3rd quarter valued at $167,000. TLP Group LLC grew its position in shares of WABCO by 193.3% during the 3rd quarter. TLP Group LLC now owns 1,871 shares of the auto parts company’s stock valued at $221,000 after purchasing an additional 1,233 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in shares of WABCO during the 3rd quarter valued at $291,000. Hedge funds and other institutional investors own 97.48% of the company’s stock.

WABCO Company Profile

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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Analyst Recommendations for WABCO (NYSE:WBC)

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