Royal Bank of Canada restated their buy rating on shares of WABCO (NYSE:WBC) in a research note released on Friday morning. Royal Bank of Canada currently has a $160.00 price target on the auto parts company’s stock.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised WABCO from a hold rating to a buy rating and set a $150.00 price target for the company in a research note on Thursday, April 26th. William Blair reaffirmed a buy rating on shares of WABCO in a research note on Wednesday, April 4th. BMO Capital Markets reissued a hold rating and issued a $135.00 price objective on shares of WABCO in a research note on Thursday. Mizuho began coverage on WABCO in a research note on Thursday, June 28th. They issued a neutral rating and a $130.00 price objective on the stock. Finally, Robert W. Baird raised their price objective on WABCO from $182.00 to $183.00 and gave the company an outperform rating in a research note on Tuesday, April 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $156.93.
Shares of WBC traded up $0.73 during midday trading on Friday, reaching $120.46. 713,477 shares of the stock were exchanged, compared to its average volume of 492,744. WABCO has a 12-month low of $113.00 and a 12-month high of $162.20. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.49 and a quick ratio of 3.00. The company has a market capitalization of $6.42 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.04 and a beta of 1.79.
WABCO (NYSE:WBC) last posted its quarterly earnings results on Thursday, July 19th. The auto parts company reported $2.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.10. WABCO had a return on equity of 35.12% and a net margin of 11.77%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $989.16 million. During the same period last year, the business earned $1.69 EPS. The business’s quarterly revenue was up 25.9% on a year-over-year basis. equities research analysts expect that WABCO will post 7.71 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank grew its holdings in WABCO by 16.1% in the 1st quarter. Toronto Dominion Bank now owns 3,487 shares of the auto parts company’s stock valued at $467,000 after buying an additional 484 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of WABCO by 3.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,082 shares of the auto parts company’s stock worth $2,019,000 after purchasing an additional 500 shares in the last quarter. Brinker Capital Inc. grew its holdings in shares of WABCO by 22.4% during the 1st quarter. Brinker Capital Inc. now owns 2,733 shares of the auto parts company’s stock worth $366,000 after purchasing an additional 501 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of WABCO by 3.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 16,340 shares of the auto parts company’s stock worth $2,345,000 after purchasing an additional 553 shares in the last quarter. Finally, First Mercantile Trust Co. grew its holdings in shares of WABCO by 94.7% during the 1st quarter. First Mercantile Trust Co. now owns 1,328 shares of the auto parts company’s stock worth $178,000 after purchasing an additional 646 shares in the last quarter. 95.92% of the stock is currently owned by institutional investors and hedge funds.
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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