Wallbox (NYSE:WBX) Given New $14.00 Price Target at Robert W. Baird

Wallbox (NYSE:WBXGet Rating) had its price target trimmed by Robert W. Baird from $20.00 to $14.00 in a research report sent to investors on Thursday, The Fly reports.

Several other equities analysts have also issued reports on WBX. Credit Suisse Group began coverage on Wallbox in a report on Wednesday, September 7th. They issued an outperform rating and a $14.00 target price for the company. Canaccord Genuity Group began coverage on Wallbox in a report on Wednesday, July 13th. They set a buy rating and a $14.00 price objective for the company. Barclays assumed coverage on Wallbox in a report on Friday, August 5th. They set an overweight rating and a $14.00 price objective for the company. Stifel Nicolaus dropped their target price on Wallbox from $24.00 to $20.00 and set a buy rating on the stock in a research report on Thursday, August 11th. Finally, Canaccord Genuity Group initiated coverage on Wallbox in a research report on Wednesday, July 13th. They set a buy rating and a $14.00 target price on the stock. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $15.40.

Wallbox Price Performance

WBX stock opened at $6.00 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average of $7.47 and a 200-day moving average of $8.88. Wallbox has a 12-month low of $5.01 and a 12-month high of $17.76.

Institutional Trading of Wallbox

Several institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP purchased a new stake in Wallbox in the first quarter worth about $12,279,000. Vontobel Holding Ltd. purchased a new stake in Wallbox in the second quarter worth about $1,542,000. Bank of America Corp DE lifted its holdings in Wallbox by 60.3% in the first quarter. Bank of America Corp DE now owns 150,585 shares of the company’s stock worth $1,920,000 after buying an additional 56,673 shares during the period. JPMorgan Chase & Co. lifted its holdings in Wallbox by 646.9% in the first quarter. JPMorgan Chase & Co. now owns 121,909 shares of the company’s stock worth $1,554,000 after buying an additional 105,586 shares during the period. Finally, Cetera Advisor Networks LLC purchased a new stake in Wallbox in the second quarter worth about $1,047,000. 4.13% of the stock is currently owned by hedge funds and other institutional investors.

Wallbox Company Profile

(Get Rating)

Wallbox N.V., a technology company, designs, manufactures, and distributes charging solutions for residential, business, and public use. The company operates in three segments: Europe-Middle East Asia, North America, and Asia-Pacific. It offers EV charging hardware products, such as Pulsar Plus, an AC smart charger for home or multi-family residence; Commander 2, an AC smart charger for fleets and businesses with a 7-inch touchscreen display that provides a personalized and secure user interface for multiple users; Copper SB, an AC smart charger for fleets and businesses with an integrated socket that makes it compatible with both type 1 and type 2 charging cables; Quasar, a DC bi-directional charger for home-use that allows to charge and discharge electric vehicle, and enables to use car battery to power home or sell energy back to the grid; Supernova, a DC fast charger equipment designed for public use; and Hypernova that allows to optimize available power and adapt to the number of EVs connected for public charging along highways and transcontinental road networks.

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