WABCO Holdings (NYSE:WBC) “Buy” Rating Reiterated Today By Citigroup; The Price Objective is Set to $130

October 19, 2018 - By Peter Erickson

WABCO Holdings Inc. (NYSE:WBC) Logo

Investors sentiment increased to 0.9 in Q2 2018. Its up 0.01, from 0.89 in 2018Q1. It is positive, as 45 investors sold WABCO Holdings Inc. shares while 109 reduced holdings. 43 funds opened positions while 96 raised stakes. 51.26 million shares or 2.68% more from 49.92 million shares in 2018Q1 were reported.

Cadence Management Lc holds 0.01% of its portfolio in WABCO Holdings Inc. (NYSE:WBC) for 1,754 shares. Edge Wealth Management Ltd Limited Liability Company reported 311 shares. The Illinois-based Citadel Advisors has invested 0% in WABCO Holdings Inc. (NYSE:WBC). Barclays Public Lc holds 0% or 18,536 shares. Assetmark invested in 0% or 549 shares. Dimensional Fund Advsr Limited Partnership has invested 0.01% in WABCO Holdings Inc. (NYSE:WBC). Prudential accumulated 40,790 shares. Howe Rusling Inc invested in 0% or 75 shares. The Netherlands-based Apg Asset Mgmt Nv has invested 0.01% in WABCO Holdings Inc. (NYSE:WBC). Ubs Asset Americas Inc accumulated 184,540 shares. Etrade Cap Limited owns 6,169 shares. Ledyard Comml Bank has 33 shares for 0% of their portfolio. Moreover, Covey Ltd Limited Liability Company has 0.69% invested in WABCO Holdings Inc. (NYSE:WBC). Rice Hall James Associates Limited Liability Co invested 0.08% in WABCO Holdings Inc. (NYSE:WBC). Edgepoint Incorporated has invested 5.08% in WABCO Holdings Inc. (NYSE:WBC).

WABCO Holdings (NYSE:WBC) Rating Reaffirmed

Recently, In a note made public on Friday morning, WABCO Holdings (NYSE:WBC) shares have had their “Buy” Rating kept by research analysts at Citigroup, who currently has a $130 target on company. This target by Citigroup indicates the possibile upside of 22.24 % from the previous close.

WABCO Holdings Inc. (NYSE:WBC) Ratings Coverage

Among 6 analysts covering WABCO Holdings (NYSE:WBC), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. WABCO Holdings has $159 highest and $95 lowest target. $127.83’s average target is 20.20% above currents $106.35 stock price. WABCO Holdings had 9 analyst reports since June 29, 2018 according to SRatingsIntel. On Friday, September 14 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The firm earned “Underperform” rating on Wednesday, October 17 by Bank of America. Buckingham Research maintained WABCO Holdings Inc. (NYSE:WBC) rating on Thursday, September 13. Buckingham Research has “Neutral” rating and $125 target. Bank of America maintained the shares of WBC in report on Friday, September 14 with “Buy” rating. The rating was maintained by Stifel Nicolaus on Monday, September 24 with “Buy”. The firm has “Overweight” rating given on Thursday, September 13 by Morgan Stanley. On Friday, July 20 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock has “Overweight” rating by Morgan Stanley on Friday, July 20.

The stock increased 0.32% or $0.34 during the last trading session, reaching $106.35. About 215,657 shares traded. WABCO Holdings Inc. (NYSE:WBC) has declined 17.71% since October 19, 2017 and is downtrending. It has underperformed by 33.33% the S&P500.

WABCO Holdings Inc., together with its subsidiaries, provides electronic, mechanical, electro-mechanical, and aerodynamic products for commercial truck, bus, trailer, and passenger car manufacturers worldwide. The company has market cap of $5.63 billion. It engineers, develops, makes, and sells control systems, including braking, stability, suspension, transmission automation, and air management systems primarily for commercial vehicles. It has a 12.91 P/E ratio. The firm offers pneumatic anti-lock braking systems, electronic braking systems, electronic stability control systems, brake controls, automated manual transmission systems, and air disc brakes; and various conventional mechanical products, such as actuators, air compressors, conventional braking systems, and air control valves for medium and heavy-duty trucks, buses, and trailers, as well as foundation brakes, vehicle electronic stability control and roll stability support systems, and advanced driver assistance systems.

More important recent WABCO Holdings Inc. (NYSE:WBC) news were published by: Streetinsider.com which released: “Australia’s NAB cuts 300 staff over wrongdoing” on October 19, 2018, also Benzinga.com published article titled: “Earnings Scheduled For October 18, 2018”, Benzinga.com published: “10 Biggest Price Target Changes For Wednesday” on October 17, 2018. More interesting news about WABCO Holdings Inc. (NYSE:WBC) was released by: Seekingalpha.com and their article: “WABCO Holdings updates FY2018 guidance” with publication date: October 18, 2018.

WABCO Holdings Inc. (NYSE:WBC) Institutional Positions Chart

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