WABCO Holdings (WBC) is Downgraded by BofA/Merrill to Neutral

WABCO Holdings (WBC) was Downgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. BofA/Merrill advised their investors in a research report released on Jul 7, 2016.

Many Wall Street Analysts have commented on WABCO Holdings. WABCO Holdings was Downgraded by Piper Jaffray to ” Neutral” on Jun 28, 2016. WABCO Holdings was Downgraded by Goldman to ” Neutral” on Jun 28, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 125 from a previous price target of $117 .

On the company’s financial health, WABCO Holdings reported $1.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $1.36. The company had revenue of $688.70 million for the quarter, compared to analysts expectations of $677.71 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS.

WABCO Holdings closed down -2.89 points or -3.22% at $87 with 8,66,240 shares getting traded on Tuesday. Post opening the session at $89.35, the shares hit an intraday low of $86 and an intraday high of $89.39 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Apr 28, 2016, Leon Liu (Pres, Truck, Bus & Car OEMs) sold 16,151 shares at $113.00 per share price. According to the SEC, 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.

WABCO Holdings

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