Stifel Nicolaus set a $162.00 price target on WABCO (NYSE:WBC) in a research note released on Friday morning. The brokerage currently has a buy rating on the auto parts company’s stock.

Several other equities analysts also recently issued reports on WBC. KeyCorp boosted their price target on shares of WABCO from $161.00 to $165.00 and gave the company an overweight rating in a report on Friday, October 20th. Royal Bank of Canada boosted their price target on shares of WABCO to $169.00 and gave the company an outperform rating in a report on Friday, October 20th. Citigroup boosted their price target on shares of WABCO from $165.00 to $180.00 and gave the company a buy rating in a report on Friday, October 20th. Buckingham Research boosted their price target on shares of WABCO from $148.00 to $154.00 and gave the company a neutral rating in a report on Friday, October 20th. Finally, Bank of America boosted their price target on shares of WABCO from $160.00 to $170.00 and gave the company a buy rating in a report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $160.67.

WABCO (NYSE WBC) opened at $140.47 on Friday. WABCO has a 1-year low of $110.52 and a 1-year high of $162.20. The stock has a market cap of $7,535.93, a price-to-earnings ratio of 25.36, a PEG ratio of 1.23 and a beta of 1.77. The company has a current ratio of 3.00, a quick ratio of 2.60 and a debt-to-equity ratio of 0.99.

Several hedge funds and other institutional investors have recently modified their holdings of WBC. Citigroup Inc. raised its stake in shares of WABCO by 112.8% during the second quarter. Citigroup Inc. now owns 3,706 shares of the auto parts company’s stock valued at $472,000 after purchasing an additional 32,697 shares in the last quarter. Advisor Group Inc. raised its stake in shares of WABCO by 62.7% during the second quarter. Advisor Group Inc. now owns 2,322 shares of the auto parts company’s stock valued at $296,000 after purchasing an additional 895 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of WABCO by 20.1% during the second quarter. Parametric Portfolio Associates LLC now owns 73,441 shares of the auto parts company’s stock valued at $9,364,000 after purchasing an additional 12,284 shares in the last quarter. Dimensional Fund Advisors LP raised its position in WABCO by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 240,663 shares of the auto parts company’s stock worth $30,687,000 after acquiring an additional 1,999 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in WABCO in the second quarter worth about $552,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

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WABCO Company Profile

WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers of commercial trucks, buses and trailers, as well as passenger cars. The Company engineers, develops, manufactures and sells braking, stability, suspension and transmission automation and air management systems primarily for commercial vehicles.

Analyst Recommendations for WABCO (NYSE:WBC)

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