Buckingham Research Analysts Give WABCO (NYSE:WBC) a $136.00 Price Target

Buckingham Research set a $136.00 price target on WABCO (NYSE:WBC) in a report issued on Thursday, March 28th, Stock Target Advisor reports. The firm currently has a hold rating on the auto parts company’s stock.

Other analysts have also recently issued reports about the company. Stifel Nicolaus cut WABCO from a buy rating to a hold rating and set a $137.00 target price on the stock. in a report on Thursday, March 28th. Stephens cut WABCO from an overweight rating to an equal weight rating and set a $137.00 target price on the stock. in a report on Thursday, March 28th. Robert W. Baird cut WABCO from an outperform rating to a neutral rating in a report on Thursday, March 28th. Piper Jaffray Companies cut WABCO from an overweight rating to a neutral rating and set a $137.00 price target on the stock. in a report on Thursday, March 28th. Finally, ValuEngine upgraded WABCO from a hold rating to a buy rating in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. WABCO presently has an average rating of Hold and an average price target of $134.20.

Shares of NYSE:WBC traded up $0.07 during midday trading on Thursday, hitting $133.00. 1,318,197 shares of the stock were exchanged, compared to its average volume of 1,866,289. The stock has a market cap of $6.83 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 1.14 and a beta of 1.61. The company has a current ratio of 3.01, a quick ratio of 2.48 and a debt-to-equity ratio of 0.67. WABCO has a 12 month low of $98.90 and a 12 month high of $146.68.

WABCO (NYSE:WBC) last released its quarterly earnings results on Friday, February 15th. The auto parts company reported $2.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.14. The company had revenue of $911.60 million for the quarter, compared to analysts’ expectations of $963.33 million. WABCO had a return on equity of 32.91% and a net margin of 10.29%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.00 earnings per share. As a group, equities analysts forecast that WABCO will post 7.8 EPS for the current year.

In other WABCO news, insider Nicolas Bardot sold 1,145 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $120.93, for a total transaction of $138,464.85. Following the transaction, the insider now directly owns 4,546 shares in the company, valued at approximately $549,747.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the company. ETF Managers Group LLC raised its position in shares of WABCO by 17.8% during the fourth quarter. ETF Managers Group LLC now owns 991 shares of the auto parts company’s stock worth $106,000 after purchasing an additional 150 shares during the period. Daiwa Securities Group Inc. raised its position in shares of WABCO by 9.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,720 shares of the auto parts company’s stock worth $185,000 after purchasing an additional 150 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of WABCO by 1.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 9,795 shares of the auto parts company’s stock worth $1,051,000 after purchasing an additional 173 shares during the period. IFM Investors Pty Ltd raised its position in shares of WABCO by 6.8% during the fourth quarter. IFM Investors Pty Ltd now owns 2,981 shares of the auto parts company’s stock worth $320,000 after purchasing an additional 189 shares during the period. Finally, Meeder Asset Management Inc. raised its position in shares of WABCO by 1,152.9% during the first quarter. Meeder Asset Management Inc. now owns 213 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 196 shares during the period.

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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