Today Citigroup Reaffirms a Buy Rating on WABCO Holdings (NYSE:WBC) and a $155 Target Price

WABCO Holdings Inc. (NYSE:WBC) Logo

Investors sentiment decreased to 0.88 in Q4 2018. Its down 0.05, from 0.93 in 2018Q3. It is negative, as 36 investors sold WABCO Holdings Inc. shares while 95 reduced holdings. 31 funds opened positions while 84 raised stakes. 50.46 million shares or 1.46% more from 49.73 million shares in 2018Q3 were reported.

Amalgamated Financial Bank invested in 0.04% or 11,766 shares. Frontier Capital accumulated 76,426 shares. First Mercantile Co stated it has 0.03% of its portfolio in WABCO Holdings Inc. (NYSE:WBC). Utah Retirement Systems holds 9,766 shares. Pacific Glob Investment Management Company holds 0.07% or 2,595 shares. Boston Partners reported 0.17% of its portfolio in WABCO Holdings Inc. (NYSE:WBC). Atria Lc invested in 0.02% or 3,752 shares. Dekabank Deutsche Girozentrale owns 8,069 shares. Comerica Savings Bank, Michigan-based fund reported 4,803 shares. Aurora Invest Counsel, a Georgia-based fund reported 14,553 shares. Thrivent For Lutherans invested in 0.29% or 737,903 shares. Livforsakringsbolaget Skandia Omsesidigt accumulated 0.01% or 500 shares. Alps owns 4,019 shares. Pnc Fin Services Gru Incorporated owns 0% invested in WABCO Holdings Inc. (NYSE:WBC) for 2,587 shares. Whittier Tru invested in 1,207 shares or 0% of the stock.

WABCO Holdings (NYSE:WBC) Rating Reaffirmed

New York: In a research report made public on Friday, 15 March, Citigroup reaffirmed their Buy rating on WABCO Holdings (NYSE:WBC) shares. They now have a $155 target price per share on the firm. Citigroup’s target would indicate a potential upside of 10.36 % from the company’s last stock close.

WABCO Holdings Inc. (NYSE:WBC) Ratings Coverage

Among 8 analysts covering WABCO Holdings (NYSE:WBC), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. WABCO Holdings has $155 highest and $95 lowest target. $132.89’s average target is -5.38% below currents $140.45 stock price. WABCO Holdings had 22 analyst reports since September 24, 2018 according to SRatingsIntel. The stock of WABCO Holdings Inc. (NYSE:WBC) has “Equal-Weight” rating given on Monday, March 4 by Morgan Stanley. The firm earned “Buy” rating on Monday, September 24 by Stifel Nicolaus. The rating was maintained by KeyBanc Capital Markets with “Buy” on Thursday, February 28. The firm has “Hold” rating given on Tuesday, February 26 by Mizuho. The stock has “Buy” rating by Robert W. Baird on Tuesday, February 19. The firm earned “Buy” rating on Wednesday, February 20 by Stifel Nicolaus. The firm has “Underperform” rating given on Wednesday, October 17 by Bank of America. As per Tuesday, February 19, the company rating was maintained by Morgan Stanley. Citigroup maintained the shares of WBC in report on Thursday, February 28 with “Buy” rating. Robert W. Baird maintained the stock with “Neutral” rating in Friday, October 19 report.

The stock increased 0.31% or $0.44 during the last trading session, reaching $140.45. About 1.00M shares traded or 90.98% up from the average. WABCO Holdings Inc. (NYSE:WBC) has risen 3.12% since March 16, 2018 and is uptrending. It has underperformed by 1.25% the S&P500.

Analysts await WABCO Holdings Inc. (NYSE:WBC) to report earnings on April, 18. They expect $1.85 EPS, down 6.09 % or $0.12 from last year’s $1.97 per share. WBC’s profit will be $95.05M for 18.98 P/E if the $1.85 EPS becomes a reality. After $2.13 actual EPS reported by WABCO Holdings Inc. for the previous quarter, Wall Street now forecasts -13.15 % negative EPS growth.

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 $7.22 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 18.9 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 notable recent WABCO Holdings Inc. (NYSE:WBC) news were published by: Streetinsider.com which released: “Germany’s ZF Said to be Mulling Wabco Holdings (WBC) Takeover – Bloomberg, Citing HB – StreetInsider.com” on February 27, 2019, also Seekingalpha.com with their article: “WABCO Holdings Q4 2018 Earnings Preview – Seeking Alpha” published on February 14, 2019, Benzinga.com published: “75 Biggest Movers From Yesterday – Benzinga” on March 01, 2019. More interesting news about WABCO Holdings Inc. (NYSE:WBC) were released by: Streetinsider.com and their article: “The Small Short: Investors bet against 2nd-tier Australian banks after inquiry spares majors – StreetInsider.com” published on March 12, 2019 as well as Benzinga.com‘s news article titled: “10 Stocks To Watch For February 15, 2019 – Benzinga” with publication date: February 15, 2019.

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

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