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BMO Capital Lowers WABCO Holdings (NYSE:WBC) Rating to Market Perform from Outperform Keeping $115.0 Target Price per Share

BMO Capital Markets Analyst Rating Change WABCO Holdings NYSE:WBC

WABCO Holdings (NYSE:WBC) Downgrade of Rating

Wabco Holdings (NYSE:WBC)’s rating was cut by research analysts at BMO Capital from a Outperform rating to a Market Perform rating in analysts note made public on 13 January. The firm now has a $115.0 target price on the stock. BMO Capital’s target price gives a potential upside of 7.83 %.

Out of 14 analysts covering WABCO Holdings, 12 rate it a Buy, 5 indicate a Hold while 0 suggest a Sell. The highest target is $135 and the lowest is $101 according to Thomson/First Call. The 12-month mean target is $123.43, which means upside potential of 15.73% over the current price.


Institutional Ownership

Oskie Capital Management Llc had the biggest stake with ownership of 130,351 shares as of Q2 2015 for 8.11% of the US equity exposure. Fpr Partners Llc is another very bullish active investment manager who is owning 2.92 million shares of WABCO Holdings or 7.48% of their US equity exposure. Further, Lodge Hill Capital Llc have 6.24% of their US equity exposure invested in the company for 450,000 shares. The Florida-based fund Sq Advisors Llc revealed it had purchased so far a stake worth about 6.15% of the active investment manager’s stock portfolio in WABCO Holdings. The Ontario – Canada-based fund Edgepoint Investment Group Inc. is also positive about the stock, possessing 1.36 million shares or 5.99% of their US equity exposure.

WABCO Holdings (NYSE:WBC) Profile

Wabco Holdings IncWABCO Holdings Inc. is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers. The Company engineers, develops, manufactures and sells systems controlling braking, stability, suspension, transmission automation, as well transmission automation and air management systems for commercial vehicles. It sells its products to truck and bus original equipment manufacturers (OEMs); commercial vehicle aftermarket distributors for replacement parts and services and commercial vehicle fleet operators for management solutions and service; trailer OEMs, and car manufacturers.

WABCO Holdings (NYSE:WBC) traded down -0.01% on 13 January, hitting $106.65. A total of shares of the company’s stock traded hands. This is down from average of 423,924 shares. WABCO Holdings has a 52 week low of $81.65 and a 52 week high of $115.15. The company has a market cap of $5.87 billion and a P/E ratio of 23.34.

Get the latest WABCO Holdings (NYSE:WBC) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post BMO Capital Lowers WABCO Holdings (NYSE:WBC) Rating to Market Perform from Outperform Keeping $115.0 Target Price per Share appeared first on Octafinance.



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BMO Capital Lowers WABCO Holdings (NYSE:WBC) Rating to Market Perform from Outperform Keeping $115.0 Target Price per Share

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