WABCO Holdings Downgraded to Neutral at Buckingham Research (WBC)

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.

A number of other analysts have also recently weighed in on WBC. Analysts at Robert W. Baird raised their price target on shares of WABCO Holdings from $84.00 to $87.00 in a research note to investors on Friday, April 26th. They now have an “outperform” rating on the stock. Analysts at JP Morgan Cazenove raised their price target on shares of WABCO Holdings from $67.00 to $70.00 in a research note to investors on Friday, April 26th. They now have a “neutral” rating on the stock.

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.

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