WABCO Holdings Inc. (NYSE:WBC) Given Consensus Recommendation of “Hold” by Analysts

WABCO Holdings Inc. (NYSE:WBC) has received an average rating of “Hold” from the seventeen brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $132.31.

Several equities analysts recently commented on the stock. Buckingham Research set a $136.00 price target on shares of WABCO and gave the company a “hold” rating in a report on Thursday, March 28th. Stephens assumed coverage on shares of Carrizo Oil & Gas in a report on Thursday, March 28th. They set an “equal weight” rating and a $15.00 price target on the stock. Royal Bank of Canada upped their price target on shares of PVH to $145.00 and gave the company an “outperform” rating in a report on Friday, March 29th. Robert W. Baird assumed coverage on shares of Uniqure in a report on Thursday, March 28th. They set an “outperform” rating and a $85.00 price target on the stock. Finally, Stifel Nicolaus set a $34.00 price target on shares of Rhythm Pharmaceuticals and gave the company a “hold” rating in a report on Thursday, March 28th.

A number of hedge funds have recently modified their holdings of the business. FMR LLC lifted its position in shares of WABCO by 12.6% in the 4th quarter. FMR LLC now owns 3,874,508 shares of the auto parts company’s stock worth $415,890,000 after purchasing an additional 434,629 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of WABCO by 6.1% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,065,682 shares of the auto parts company’s stock worth $404,149,000 after purchasing an additional 177,454 shares during the period. BlackRock Inc. lifted its position in shares of WABCO by 0.8% in the 1st quarter. BlackRock Inc. now owns 2,668,252 shares of the auto parts company’s stock worth $351,755,000 after purchasing an additional 21,020 shares during the period. First Manhattan Co. lifted its position in shares of WABCO by 2.1% in the 1st quarter. First Manhattan Co. now owns 1,424,689 shares of the auto parts company’s stock worth $187,816,000 after purchasing an additional 29,775 shares during the period. Finally, Clearbridge Investments LLC lifted its position in shares of WABCO by 1.7% in the 1st quarter. Clearbridge Investments LLC now owns 805,176 shares of the auto parts company’s stock worth $106,146,000 after purchasing an additional 13,654 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.



WBC stock traded down $0.34 during mid-day trading on Tuesday, hitting $132.46. The company had a trading volume of 228,282 shares, compared to its average volume of 344,693. The company has a market capitalization of $6.79 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 1.15 and a beta of 1.42. WABCO has a 12-month low of $98.90 and a 12-month high of $146.68. The company has a quick ratio of 2.13, a current ratio of 2.60 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average price is $131.78.

WABCO (NYSE:WBC) last announced its quarterly earnings results on Friday, April 26th. The auto parts company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.21). WABCO had a return on equity of 30.90% and a net margin of 10.04%. The company had revenue of $932.90 million during the quarter, compared to analysts’ expectations of $972.31 million. On average, research analysts forecast that WABCO will post 7.69 earnings per share for the current fiscal year.

About WABCO

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, steering, transmission automation, and air management systems primarily for commercial vehicles.

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Analyst Recommendations for WABCO (NYSE:WBC)

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