The Westinghouse Air Brake Technologies Corp. (WAB) Earns “Buy” Rating from Stifel Nicolaus

The Westinghouse Air Brake Technologies Corp. (WAB) Earns “Buy” Rating from Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Westinghouse Air Brake Technologies Corp. (NYSE:WAB) in a report issued on Wednesday. Stifel Nicolaus currently has a $90.00 price target on the stock, up from their prior price target of $85.00.

WAB has been the topic of a number of other reports. Zacks Investment Research cut shares of Westinghouse Air Brake Technologies Corp. from a hold rating to a sell rating in a research note on Wednesday, June 29th. Wunderlich cut their price objective on shares of Westinghouse Air Brake Technologies Corp. from $115.00 to $100.00 and set a buy rating on the stock in a research note on Monday, July 25th. Credit Agricole SA started coverage on shares of Westinghouse Air Brake Technologies Corp. in a research note on Friday, September 30th. They set a buy rating and a $97.00 price objective on the stock. Finally, Deutsche Bank AG started coverage on shares of Westinghouse Air Brake Technologies Corp. in a research note on Tuesday, September 6th. They set a buy rating and a $90.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $88.67.

Shares of Westinghouse Air Brake Technologies Corp. (NYSE:WAB) opened at 81.48 on Wednesday. Westinghouse Air Brake Technologies Corp. has a 1-year low of $60.28 and a 1-year high of $94.61. The firm has a market capitalization of $7.34 billion, a PE ratio of 19.92 and a beta of 1.31. The firm’s 50 day moving average is $77.29 and its 200 day moving average is $75.92.

Westinghouse Air Brake Technologies Corp. (NYSE:WAB) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by $0.03. Westinghouse Air Brake Technologies Corp. had a net margin of 12.29% and a return on equity of 22.42%. The firm had revenue of $724 million for the quarter, compared to analyst estimates of $806.48 million. During the same period last year, the firm posted $1.04 EPS. The business’s revenue was down 14.6% compared to the same quarter last year. Analysts anticipate that Westinghouse Air Brake Technologies Corp. will post $4.13 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of WAB. Geode Capital Management LLC boosted its stake in shares of Westinghouse Air Brake Technologies Corp. by 6.6% in the first quarter. Geode Capital Management LLC now owns 603,447 shares of the company’s stock valued at $47,818,000 after buying an additional 37,555 shares during the period. Champlain Investment Partners LLC acquired a new stake in shares of Westinghouse Air Brake Technologies Corp. during the first quarter valued at approximately $20,161,000. Aperio Group LLC boosted its stake in shares of Westinghouse Air Brake Technologies Corp. by 26.2% in the first quarter. Aperio Group LLC now owns 34,719 shares of the company’s stock valued at $2,753,000 after buying an additional 7,213 shares during the period. Quantitative Investment Management LLC acquired a new stake in shares of Westinghouse Air Brake Technologies Corp. during the second quarter valued at approximately $1,481,000. Finally, IFP Advisors Inc boosted its stake in shares of Westinghouse Air Brake Technologies Corp. by 67.5% in the first quarter. IFP Advisors Inc now owns 2,944 shares of the company’s stock valued at $233,000 after buying an additional 1,186 shares during the period. Hedge funds and other institutional investors own 96.68% of the company’s stock.

About Westinghouse Air Brake Technologies Corp.

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