Mizuho Securities analyst Kristine Kubacki maintained a Hold rating on WABCO Holdings (WBC) yesterday and set a price target of $125. The company’s shares closed yesterday at $120.75.
Kubacki wrote:
“We are adjusting our EPS estimates and updating our PT post WBC’s FY4Q18 earnings release. We are decreasing our FY19 EPS estimate by $0.05, while increasing our FY20 EPS estimate by $0.05 to $7.85 and $8.20, respectively. Further, we are increasing our PT to $125 from $115 as we move our valuation based on 2020 estimates. While a slowdown in China and peaking key end-markets (Europe and N.A.) pose near-term challenges, we continue to take a favorable view of the company’s position as a leading technology provider in a global trucking industry.”
According to TipRanks.com, Kubacki is a 3-star analyst with an average return of 6.7% and a 53.8% success rate. Kubacki covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, Trinity Industries, and Westinghouse Air.
The word on The Street in general, suggests a Hold analyst consensus rating for WABCO Holdings with a $125.83 average price target, implying a 4.2% upside from current levels. In a report issued on February 19, Morgan Stanley also maintained a Hold rating on the stock with a $116 price target.
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The company has a one-year high of $143.19 and a one-year low of $98.90. Currently, WABCO Holdings has an average volume of 391.3K.
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WABCO Holdings, Inc. supplies electronic, mechanical, electro-mechanical and aerodynamic products for the manufacturers of commercial trucks, buses and trailers, as well as passenger cars. It engineers, develops, manufactures and sells integrated systems controlling advanced braking, stability, suspension, steering, transmission automation, as well as air compression and processing. Its products include pneumatic anti-lock braking systems, electronic braking systems, electronic stability control systems, brake controls, automated manual transmission systems, air disc brakes and conventional mechanical products such as actuators, air compressors and air control valves for medium and heavy-duty trucks, buses and trailers. The company was founded by George Westinghouse in 1869 and is headquartered in Rochester Hills, MI.
