WABCO Holdings (WBC) announced its earnings results on Thursday. The company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.17 by $0.10. The company’s revenue for the quarter was up 7.1% on a year-over-year basis.
On the ratings front, analysts at William Blair initiated coverage on shares of WABCO Holdings in a research note to investors on Monday. They set an “outperform” rating on the stock. Analysts at Piper Jaffray (NYSE: PJC) initiated coverage on shares of WABCO Holdings in a research note to investors on Wednesday, January 25th. They set a “neutral” rating on the stock. Also, analysts at Avondale Partners initiated coverage on shares of WABCO Holdings in a research note to investors on Thursday, January 12nd. They set a “market perform” rating and a $50.00 price target on the stock.
Shares of WABCO Holdings (WBC) opened at 52.33 on Thursday. WABCO Holdings (WBC) has a one year low of $34.17 and a one year high of $75.00. The stock’s 50-day moving average is $46.35 and its 200-day moving average is $47.38. The company has a market cap of $3.434 billion and a P/E ratio of 10.17.
WABCO Holdings Inc. (WABCO) is a provider of electronic, mechanical and mechatronic products for the commercial truck, trailer, bus and passenger car manufacturers. The Company manufactures and sells control systems, including advanced braking, stability, suspension, transmission control and air compressing and processing systems. The Company develops, manufactures and sells advanced braking, stability, suspension and transmission control systems primarily for commercial vehicles. Its products include pneumatic anti-lock braking systems, electronic braking systems, automated manual transmission systems, air disk brakes, and a variety of conventional mechanical products. On June 3, 2009, the Company sold 39.2% of its interest in Sundaram-Clayton Limited’s non-WABCO-related business. On June 3, 2009, the Company acquired additional interest in WABCO-TVS (India) Limited increasing its ownership from 39.2% to 75%.
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