Piper Jaffray Downgrades WABCO Holdings to Neutral

Brokerage firm Piper Jaffray Downgrades its rating on WABCO Holdings(NYSE:WBC). The shares have been rated Neutral. Previously, the analysts had a Overweight rating on the shares. The rating by Piper Jaffray was issued on Jun 28, 2016.

In a different note, On Apr 26, 2016, Goldman Sachs said it Maintains its rating on WABCO Holdings. In the research note, the firm Raises the price-target to $120.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 25, 2016, Avondale Partners said it Maintains its rating on WABCO Holdings. In the research note, the firm Raises the price-target to $110.00 per share. The shares have been rated ‘Market Outperform’ by the firm.

WABCO Holdings (WBC) shares turned negative on Fridays trading session with the shares closing down -1.68 points or -1.83% at a volume of 8,16,738. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $92.25. The peak price level was also seen at $92.25 while the days lowest was $89.41. Finally the shares closed at $89.89. The 52-week high of the shares is $126.39 while the 52-week low is $81.655. According to the latest information available, the market cap of the company is $5,056 M.

WABCO Holdings(WBC) last announced its earnings results on Apr 22, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $688.70M. Analysts had an estimated revenue of $679.55M. Earnings per share were $1.37. Analysts had estimated an EPS of $1.35.

Several Insider Transactions has been reported to the SEC. On Apr 28, 2016, Leon Liu (Pres, Truck, Bus & Car OEMs) sold 16,151 shares at $113.00 per share price.Also, On Aug 21, 2015, Henry R. Keizer (director) purchased 200 shares at $119.61 per share price.On Aug 4, 2015, Nikhil M Varty (President, Americas & VP, M&A) sold 6,821 shares at $122.90 per share price, according to the Form-4 filing with the securities and exchange commission.

WABCO Holdings Inc. is a global supplier of electronic mechanical and mechatronic products. The Company develops manufactures and sells control systems including advanced braking stability suspension transmission automation air compression and processing. Its product groups include actuator air compressor and air processing/air management system foundation brake anti-lock braking system (ABS) conventional braking system electronic braking system (EBS) electronic and conventional air suspension systems transmission automation vehicle electronic architecture vehicle electronic stability control and roll stability support. Its solutions include TX-TRAILERGUARD fleet management solution mBSP modular braking system platform OptiPace OptiFlow Tail solution OnGuardPLUS AEBS and OnGuardPLUS among others. It sells its products to truck and bus original equipment manufacturers (OEMs) trailer OEMs commercial vehicle aftermarket distributors and car manufacturers.

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