CLSA Initiates Coverage on WABCO Holdings to Outperform

CLSA Initiates Coverage on WABCO Holdings(NYSE:WBC). The shares have been rated Outperform. The rating by CLSA was issued on Sep 30, 2016.

In a different note, Deutsche Bank said it Initiates Coverage on WABCO Holdings, according to a research note issued on Sep 7, 2016. The shares have been rated ‘Hold’ by the firm. On Aug 15, 2016, JP Morgan said it Maintains its rating on WABCO Holdings. In the research note, the firm Lowers the price-target to $109.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 21, 2016, Goldman Sachs said it Maintains its rating on WABCO Holdings. In the research note, the firm Raises the price-target to $105.00 per share. The shares have been rated ‘Neutral’ by the firm.

WABCO Holdings (WBC) made into the market gainers list on Tuesdays trading session with the shares advancing 0.26% or 0.29 points. Due to strong positive momentum, the stock ended at $112.97, which is also near the day’s high of $114.05. The stock began the session at $113.13 and the volume stood at 5,83,457 shares. The 52-week high of the shares is $115.8 and the 52 week low is $81.655. The company has a current market capitalization of $6,302 M and it has 5,57,87,796 shares in outstanding.

WABCO Holdings(WBC) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $732.20M. Analysts had an estimated revenue of $706.60M. Earnings per share were $1.43. Analysts had estimated an EPS of $1.40.

Several Insider Transactions has been reported to the SEC. On Aug 10, 2016, Nick Rens (PT Trlr Sys, Aftrmrkt & OffHwy) sold 600 shares at $101.19 per share price.Also, On Apr 28, 2016, Leon Liu (Pres, Truck, Bus & Car OEMs) sold 16,151 shares at $113.00 per share price.On Aug 21, 2015, Henry R. Keizer (director) purchased 200 shares at $119.61 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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