The Westinghouse Air Brake Technologies Corp. (WAB) Stock Rating Reaffirmed by Stifel Nicolaus

The Westinghouse Air Brake Technologies Corp. (WAB) Stock Rating Reaffirmed by Stifel Nicolaus

Westinghouse Air Brake Technologies Corp. (NYSE:WAB)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a research note issued to investors on Wednesday. They currently have a $90.00 price objective on the stock, up from their previous price objective of $85.00. Stifel Nicolaus’ price objective points to a potential upside of 10.61% from the stock’s current price.

A number of other equities analysts also recently weighed in on WAB. Zacks Investment Research downgraded shares of Westinghouse Air Brake Technologies Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Wunderlich decreased their price target on shares of Westinghouse Air Brake Technologies Corp. from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, July 25th. Deutsche Bank AG assumed coverage on shares of Westinghouse Air Brake Technologies Corp. in a research note on Tuesday, September 6th. They issued a “buy” rating and a $90.00 price target for the company. Finally, Credit Agricole SA assumed coverage on shares of Westinghouse Air Brake Technologies Corp. in a research note on Friday, September 30th. They issued a “buy” rating and a $97.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Westinghouse Air Brake Technologies Corp. has a consensus rating of “Buy” and a consensus price target of $88.67.

Shares of Westinghouse Air Brake Technologies Corp. (NYSE:WAB) traded up 0.74% during midday trading on Wednesday, reaching $81.97. 137,817 shares of the company traded hands. Westinghouse Air Brake Technologies Corp. has a 12-month low of $60.28 and a 12-month high of $94.61. The company has a 50-day moving average of $76.52 and a 200 day moving average of $75.81. The firm has a market capitalization of $7.39 billion, a PE ratio of 20.04 and a beta of 1.31.

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Westinghouse Air Brake Technologies Corp. (NYSE:WAB) last announced its earnings results on Monday, July 25th. The company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by $0.03. Westinghouse Air Brake Technologies Corp. had a return on equity of 22.42% and a net margin of 12.29%. The firm had revenue of $724 million for the quarter, compared to the consensus estimate of $806.48 million. During the same period in the prior year, the business earned $1.04 EPS. Westinghouse Air Brake Technologies Corp.’s quarterly revenue was down 14.6% on a year-over-year basis. On average, equities analysts forecast that Westinghouse Air Brake Technologies Corp. will post $4.14 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. Champlain Investment Partners LLC increased its stake in Westinghouse Air Brake Technologies Corp. by 31.4% in the second quarter. Champlain Investment Partners LLC now owns 334,160 shares of the company’s stock valued at $23,468,000 after buying an additional 79,895 shares during the last quarter. Commonwealth Bank of Australia increased its stake in Westinghouse Air Brake Technologies Corp. by 15,173.1% in the second quarter. Commonwealth Bank of Australia now owns 106,912 shares of the company’s stock valued at $7,508,000 after buying an additional 106,212 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in Westinghouse Air Brake Technologies Corp. during the second quarter valued at approximately $1,481,000. Geode Capital Management LLC increased its stake in 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 last quarter. Finally, IFP Advisors Inc increased its stake in 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 last quarter. 96.68% of the stock is owned by institutional investors.

Westinghouse Air Brake Technologies Corp. Company Profile

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