Stifel Nicolaus Trims WABCO (WBC) Target Price to $152.00

WABCO (NYSE:WBC) had its target price decreased by Stifel Nicolaus from $159.00 to $152.00 in a research report released on Monday morning. Stifel Nicolaus currently has a buy rating on the auto parts company’s stock.

Several other equities research analysts have also recently commented on WBC. Piper Jaffray Companies set a $153.00 price target on shares of WABCO and gave the stock a buy rating in a research report on Wednesday, September 19th. BMO Capital Markets reiterated a hold rating and set a $130.00 price target (down previously from $135.00) on shares of WABCO in a research report on Friday, September 14th. Royal Bank of Canada reiterated a buy rating and set a $160.00 price target on shares of WABCO in a research report on Friday, July 20th. Robert W. Baird cut shares of WABCO from an outperform rating to a neutral rating in a research report on Wednesday, September 12th. Finally, ValuEngine cut shares of WABCO from a sell rating to a strong sell rating in a research report on Monday, July 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. WABCO currently has an average rating of Hold and a consensus target price of $148.69.

WBC opened at $117.96 on Monday. The company has a quick ratio of 2.07, a current ratio of 2.48 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.03 and a beta of 1.83. WABCO has a 1-year low of $110.50 and a 1-year high of $162.20.

WABCO (NYSE:WBC) last posted its quarterly earnings data on Thursday, July 19th. The auto parts company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.10. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $989.16 million. WABCO had a net margin of 11.77% and a return on equity of 34.37%. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.69 EPS. equities research analysts forecast that WABCO will post 7.5 EPS for the current year.

Several large investors have recently modified their holdings of WBC. Schwab Charles Investment Management Inc. grew its holdings in WABCO by 3.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 187,688 shares of the auto parts company’s stock valued at $25,126,000 after purchasing an additional 5,914 shares during the period. Aperio Group LLC grew its holdings in WABCO by 2.8% during the first quarter. Aperio Group LLC now owns 28,429 shares of the auto parts company’s stock valued at $3,806,000 after purchasing an additional 781 shares during the period. BlackRock Inc. grew its holdings in WABCO by 0.9% during the first quarter. BlackRock Inc. now owns 2,751,657 shares of the auto parts company’s stock valued at $368,366,000 after purchasing an additional 23,591 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in WABCO by 5.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 15,797 shares of the auto parts company’s stock valued at $2,116,000 after purchasing an additional 860 shares during the period. Finally, Toronto Dominion Bank grew its holdings in WABCO by 16.1% during the first quarter. Toronto Dominion Bank now owns 3,487 shares of the auto parts company’s stock valued at $467,000 after purchasing an additional 484 shares during the period.

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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