The Wabco Holdings Inc. (WBC) Given “Market Outperform” Rating at Avondale Partners

The Wabco Holdings Inc. (WBC) Given “Market Outperform” Rating at Avondale Partners

Avondale Partners reaffirmed their market outperform rating on shares of Wabco Holdings Inc. (NYSE:WBC) in a research note released on Monday.

A number of other research firms also recently weighed in on WBC. Credit Agricole SA started coverage on Wabco Holdings in a report on Friday, September 30th. They set an outperform rating and a $125.00 target price for the company. Piper Jaffray Cos. downgraded Wabco Holdings from an overweight rating to a neutral rating and dropped their target price for the stock from $124.00 to $94.00 in a report on Tuesday, June 28th. Goldman Sachs Group Inc. downgraded Wabco Holdings from a buy rating to a neutral rating and dropped their target price for the stock from $135.00 to $105.00 in a report on Tuesday, June 28th. Zacks Investment Research raised Wabco Holdings from a hold rating to a buy rating and set a $119.00 target price for the company in a report on Wednesday, September 21st. Finally, Deutsche Bank AG lifted their target price on Wabco Holdings from $113.00 to $114.00 and gave the stock a hold rating in a report on Wednesday. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $117.92.

Shares of Wabco Holdings (NYSE:WBC) traded down 0.79% on Monday, reaching $109.59. 186,482 shares of the company traded hands. Wabco Holdings has a one year low of $81.66 and a one year high of $115.80. The firm’s 50 day moving average is $108.49 and its 200 day moving average is $104.40. The company has a market capitalization of $6.11 billion, a P/E ratio of 31.53 and a beta of 2.04.

Wabco Holdings (NYSE:WBC) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.03. Wabco Holdings had a return on equity of 39.45% and a net margin of 7.28%. The business earned $732.20 million during the quarter, compared to the consensus estimate of $706.60 million. During the same quarter last year, the firm posted $1.40 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Analysts expect that Wabco Holdings will post $5.73 earnings per share for the current fiscal year.

In other Wabco Holdings news, insider Nick Rens sold 600 shares of Wabco Holdings stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $101.19, for a total value of $60,714.00. Following the transaction, the insider now owns 9,665 shares in the company, valued at $978,001.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.79% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WBC. Geode Capital Management LLC boosted its stake in Wabco Holdings by 7.8% in the first quarter. Geode Capital Management LLC now owns 339,992 shares of the company’s stock valued at $36,329,000 after buying an additional 24,622 shares during the period. British Columbia Investment Management Corp boosted its stake in Wabco Holdings by 4.6% in the second quarter. British Columbia Investment Management Corp now owns 64,539 shares of the company’s stock valued at $5,910,000 after buying an additional 2,827 shares during the period. Westpac Banking Corp boosted its stake in Wabco Holdings by 20.2% in the second quarter. Westpac Banking Corp now owns 3,836 shares of the company’s stock valued at $351,000 after buying an additional 644 shares during the period. State Street Corp boosted its stake in Wabco Holdings by 2.7% in the first quarter. State Street Corp now owns 932,092 shares of the company’s stock valued at $99,651,000 after buying an additional 24,498 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Wabco Holdings by 104.8% in the first quarter. Prudential Financial Inc. now owns 7,620 shares of the company’s stock valued at $815,000 after buying an additional 3,900 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Wabco Holdings Company Profile

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