Zacks Investment Research downgraded WABCO Holdings Inc. (NYSE:WBC) to Hold in a statement released earlier today.
- Updated: October 14, 2016
Boasting a price of $107.28, WABCO Holdings Inc. (NYSE:WBC) traded -0.47% lower on the day. The last closing price is up 2.69% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $108.58 and a 200-day moving average of $104.47. 311,242 shares of the stock were exchanged, down from an average trading volume of 433,714
Zacks Investment Research has downgraded WABCO Holdings Inc. (NYSE:WBC) to Hold in a statement released on Saturday October 15, 2016.
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WABCO Holdings Inc. has a 52 week low of $81.65 and a one year high of $115.80 with a PE ratio of 30.86 WABCO Holdings Inc.’s market capitalization is presently $0.
A total of 14 brokerages have issued a ratings update on WABCO Holdings Inc.. 7 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 5 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $123.43.
More About WABCO Holdings Inc. (NYSE:WBC)
WABCO 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. For passenger cars, including sports utility vehicles (SUVs), the Company supplies products for niche applications. The Company's products include anti-lock braking systems (ABS), electronic braking systems (EBS), electronic stability control (ESC), brake controls, automated manual transmission systems, air disc brakes and a range of conventional mechanical products.
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