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BMO Capital Sticks to Their Hold Rating for WABCO Holdings (WBC)


In a report released today, Joel Tiss from BMO Capital maintained a Hold rating on WABCO Holdings (NYSE: WBC), with a price target of $130. The company’s shares closed yesterday at $116.12, close to its 52-week low of $110.50.

According to TipRanks.com, Tiss is a 4-star analyst with an average return of 11.6% and a 67.4% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Inc, John Bean Technologies, and Wabash National Corp.

Currently, the analyst consensus on WABCO Holdings is a Moderate Buy with an average price target of $139.50, which is a 20.1% upside from current levels. In a report issued on September 12, Robert W. Baird also downgraded the stock to Hold with a $129 price target.

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WABCO Holdings’ market cap is currently $6.14B and has a P/E ratio of 14.09. The company has a Price to Book ratio of 5.14.

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WABCO Holdings, Inc. engages in the provision of electronic, mechanical, electro-mechanical, and aerodynamic products for manufacturers of commercial trucks, buses, trailers, and passenger cars. Its products include pneumatic anti-lock braking systems, electronic braking systems, electronic stability control, brake controls, automated manual transmission systems, air disc brakes and a variety of conventional mechanical products such as actuators, air compressors and air control valves. The company was founded by George Westinghouse in 1869 and is headquartered in Rochester Hills, MI.