WABCO to Offer ADAS, Braking Technology for Hino's New Series
WABCO Holdings Inc. WBC announced entering a partnership with the premier commercial truck provider, Hino Trucks. Per the agreement, WABCO will offer its array of advanced driver assistance systems (ADAS) and the latest generation of braking control technology, which will be used in Hino’s to-be-launched lineup of XL Series Class 7 and 8 heavy-duty trucks in North America.
WABCO’s wide range of safety and vehicle control technologies are expected to support Hino’s series of heavy-duty trucks, which are scheduled to begin production in the early phase of 2019. The XL7 and XL8 series will consist of WABCO’s OnGuardACTIVE collision mitigation system that will assist drivers to identify, and respond to risky weather conditions or traffic, thus, preventing rear-end collisions. Moreover, if the driver doesn’t act against the alerts, OnGuardACTIVE is going to apply the brakes by itself to stop the truck.
Further, Hino’s trucks will also consist WABCO’s OnLaneALERT Lane Departure Warning System (LDWS) to help drivers avoid unintentional lane drifting, leading to accidents, which is a common occurrence for heavy-duty vehicles.
Wabco Holdings Inc. Price and Consensus
Wabco Holdings Inc. Price and Consensus | Wabco Holdings Inc. Quote
Per the management of WABCO, its ADAS and modular braking system platforms offer major advantages to global original equipment manufacturers, which are in the quest of entering new markets.
Earlier, in July, the company signed a steering system deal in India with Tata Motors Limited. Per the deal, WABCO will supply its hydraulic power steering systems to meet Tata Motors’ performance and reliability requirements for manufacturing new heavy-duty trucks.
In the past three months, WABCO’s stock has lost 5.9%, outperforming 10% decline recorded by the industry it belongs to.
Zacks Rank & Key Picks
WABCO currently carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the auto space are Cummins Inc. CMI), Oshkosh Corporation OSK) and PACCAR Inc. PCAR. Cummins and Oshkosh carry a Zacks Rank #2 (Buy) while PACCAR sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Cummins has an expected long-term growth rate of 11.6%. The company’s stock has seen the Zacks Consensus Estimate for third-quarter 2018 earnings being revised 5.4% upward over the past 30 days.
Oshkosh has an expected long-term growth rate of 18.3%. The company’s stock has seen the Zacks Consensus Estimate for fourth-quarter fiscal 2018 earnings being revised 5.8% upward over the past 30 days.
PACCAR has an expected long-term growth rate of 10.8%. The company’s stock has seen the Zacks Consensus Estimate for third-quarter 2018 earnings being revised 1.4% upward over the past 30 days.
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