WABCO Holdings (NYSE: WBC) was downgraded by equities research analysts at Buckingham Research from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. They currently have a $81.00 price target on the stock. Buckingham Research’s target price indicates a potential upside of 4.62% from the stock’s previous close.
Shares of WABCO Holdings (NYSE: WBC) opened at 77.42 on Friday. WABCO Holdings has a 52 week low of $46.73 and a 52 week high of $78.62. The stock’s 50-day moving average is currently $75.09. The company has a market cap of $4.834 billion and a P/E ratio of 17.50.
WABCO Holdings (NYSE: WBC) last released its earnings data on Thursday, April 25th. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.07 by $0.10. The company had revenue of $644.70 million for the quarter, compared to the consensus estimate of $629.08 million. During the same quarter last year, the company posted $1.17 earnings per share. WABCO Holdings’s revenue was down 1.9% compared to the same quarter last year. WABCO Holdings has set its FY13 guidance at $4.45-4.85 EPS. Analysts expect that WABCO Holdings will post $4.81 EPS for the current fiscal year.
Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $79.14.
WABCO Holdings Inc (NYSE: WBC) is a provider of electronic, mechanical and mechatronic products for the commercial truck, trailer, bus and passenger car manufacturers.
