Credit Suisse Sets WABCO Holdings Price Target at $77.00 (WBC)
Investment analysts at Credit Suisse (NYSE: CS) upped their target price on shares of WABCO Holdings (NYSE: WBC) to $77.00 in a note issued to investors on Friday. The firm currently has an “outperform” rating on the stock.
Shares of WABCO Holdings traded down 0.21% during mid-day trading on Friday, hitting $62.90. WABCO Holdings has a 52 week low of $34.17 and a 52 week high of $73.98. The company has a market cap of $4.053 billion and a P/E ratio of 12.96.
The company last announced its quarterly results on Thursday, April 26th. It reported $1.17 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.04 EPS by $0.13. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, analysts predict that WABCO Holdings will post $1.16 earnings per share next quarter.
WBC has been the subject of a number of other recent research reports. Analysts at Goldman Sachs (NYSE: GS) initiated coverage on shares of WABCO Holdings in a research note to investors on Monday, March 26th. They set a “neutral” rating and a $54.00 price target on the stock. Separately, analysts at Sidoti downgraded shares of WABCO Holdings from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, February 21st. Finally, analysts at Piper Jaffray (NYSE: PJC) upgraded shares of WABCO Holdings from a “neutral” rating to an “overweight” rating in a research note to investors on Friday, February 3rd. They now have a $69.00 price target on the stock, down previously from $130.00.
WABCO Holdings Inc. (WABCO) is a provider of electronic, mechanical and mechatronic products for the commercial truck, trailer, bus and passenger car manufacturers.