WABCO Holdings Inc. (NYSE:WBC) saw a significant decline in short interest in the month of September. As of September 28th, there was short interest totalling 794,567 shares, a decline of 32.5% from the September 14th total of 1,176,543 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average trading volume of 525,890 shares, the days-to-cover ratio is currently 1.5 days.
WBC stock traded down $1.82 during midday trading on Friday, reaching $111.17. The company had a trading volume of 429,256 shares, compared to its average volume of 683,067. The company has a market cap of $5.92 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.98 and a beta of 1.79. WABCO has a 1-year low of $100.80 and a 1-year high of $162.20. The company has a quick ratio of 1.89, a current ratio of 2.28 and a debt-to-equity ratio of 0.70.
WABCO (NYSE:WBC) last issued its earnings results on Thursday, October 18th. The auto parts company reported $1.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.19. The firm had revenue of $914.80 million during the quarter, compared to the consensus estimate of $932.66 million. WABCO had a return on equity of 33.10% and a net margin of 11.62%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.71 earnings per share. On average, analysts anticipate that WABCO will post 7.73 EPS for the current fiscal year.
WBC has been the subject of a number of recent research reports. BMO Capital Markets reissued a “hold” rating and issued a $135.00 target price on shares of WABCO in a research report on Thursday, July 19th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $160.00 price target on shares of WABCO in a research note on Friday, July 20th. Stifel Nicolaus set a $159.00 price target on WABCO and gave the company a “buy” rating in a research note on Friday, July 20th. Morgan Stanley dropped their price target on WABCO from $159.00 to $144.00 and set an “overweight” rating for the company in a research note on Friday, July 20th. Finally, Robert W. Baird downgraded WABCO from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $132.82.
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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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