WABCO (WBC) Upgraded by ValuEngine to “Buy”

WABCO (NYSE:WBC) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Wednesday, March 27th, ValuEngine reports.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus set a $134.00 price objective on shares of WABCO and gave the company a “buy” rating in a report on Wednesday, February 20th. Morgan Stanley lifted their price objective on shares of WABCO from $116.00 to $137.00 and gave the company an “equal weight” rating in a report on Monday, March 4th. Vertical Research raised shares of WABCO from a “sell” rating to a “hold” rating and set a $141.98 target price on the stock in a research report on Wednesday, February 27th. Mizuho set a $125.00 target price on shares of WABCO and gave the company a “hold” rating in a research report on Tuesday, February 26th. Finally, JPMorgan Chase & Co. raised shares of WABCO from an “underweight” rating to a “neutral” rating and set a $121.00 target price on the stock in a research report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. WABCO presently has a consensus rating of “Hold” and an average price target of $134.20.

Shares of WABCO stock traded up $0.07 during trading on Wednesday, hitting $133.00. The stock had a trading volume of 1,318,197 shares, compared to its average volume of 1,866,289. WABCO has a 12 month low of $98.90 and a 12 month high of $146.68. The firm has a market capitalization of $6.83 billion, a PE 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 (NYSE:WBC) last announced its quarterly earnings data on Friday, February 15th. The auto parts company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.14. WABCO had a net margin of 10.29% and a return on equity of 32.91%. The company had revenue of $911.60 million during the quarter, compared to analyst estimates of $963.33 million. During the same quarter last year, the business posted $2.00 EPS. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, sell-side analysts predict that WABCO will post 7.8 earnings per share for the current fiscal year.

In other WABCO news, insider Nicolas Bardot sold 1,145 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $120.93, for a total transaction of $138,464.85. Following the transaction, the insider now owns 4,546 shares of the company’s stock, valued at approximately $549,747.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.48% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. FMR LLC grew 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 buying an additional 434,629 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of WABCO by 2.6% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,888,228 shares of the auto parts company’s stock worth $310,023,000 after buying an additional 72,938 shares during the last quarter. BlackRock Inc. grew its position in shares of WABCO by 1.1% in the 3rd quarter. BlackRock Inc. now owns 2,682,484 shares of the auto parts company’s stock worth $316,372,000 after buying an additional 28,869 shares during the last quarter. First Manhattan Co. grew 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 buying an additional 29,775 shares during the last quarter. Finally, Boston Partners grew its position in shares of WABCO by 2.7% in the 4th quarter. Boston Partners now owns 1,103,674 shares of the auto parts company’s stock worth $118,469,000 after buying an additional 28,781 shares during the last quarter.

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.

Further Reading: How to calculate the intrinsic value of a stock

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for WABCO (NYSE:WBC)

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