Westinghouse Air Brake Technologies (NYSE:WAB) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Westinghouse Air Brake Technologies (NYSE:WABGet Rating) in a research report issued on Thursday. The brokerage set a “buy” rating on the transportation company’s stock.

A number of other research firms have also recently commented on WAB. Stephens raised their target price on shares of Westinghouse Air Brake Technologies from $110.00 to $117.00 and gave the stock an “overweight” rating in a research note on Thursday, February 16th. Citigroup raised their target price on shares of Westinghouse Air Brake Technologies from $95.00 to $114.00 and gave the stock a “neutral” rating in a research note on Thursday, February 16th. Bank of America upgraded shares of Westinghouse Air Brake Technologies from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 17th. KeyCorp raised their target price on shares of Westinghouse Air Brake Technologies from $110.00 to $112.00 and gave the stock an “overweight” rating in a research note on Friday, February 17th. Finally, Raymond James increased their price objective on shares of Westinghouse Air Brake Technologies from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 16th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.83.

Westinghouse Air Brake Technologies Price Performance

Shares of NYSE:WAB opened at $96.23 on Thursday. The firm’s 50 day moving average price is $103.58 and its 200-day moving average price is $96.96. Westinghouse Air Brake Technologies has a twelve month low of $78.26 and a twelve month high of $107.86. The company has a quick ratio of 0.66, a current ratio of 1.25 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $17.36 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.61 and a beta of 1.48.

Westinghouse Air Brake Technologies (NYSE:WABGet Rating) last issued its quarterly earnings data on Wednesday, February 15th. The transportation company reported $1.30 earnings per share for the quarter, hitting the consensus estimate of $1.30. Westinghouse Air Brake Technologies had a net margin of 7.57% and a return on equity of 8.88%. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the prior year, the business earned $1.18 EPS. The business’s quarterly revenue was up 11.2% on a year-over-year basis. Equities research analysts expect that Westinghouse Air Brake Technologies will post 5.38 EPS for the current year.

Insider Activity at Westinghouse Air Brake Technologies

In related news, CEO Rafael Santana sold 78,277 shares of the firm’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $104.78, for a total value of $8,201,864.06. Following the completion of the transaction, the chief executive officer now directly owns 72,577 shares of the company’s stock, valued at $7,604,618.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Rafael Santana sold 78,277 shares of the firm’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $104.78, for a total value of $8,201,864.06. Following the completion of the transaction, the chief executive officer now directly owns 72,577 shares of the company’s stock, valued at $7,604,618.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael Fetsko sold 7,676 shares of the firm’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $104.63, for a total transaction of $803,139.88. Following the completion of the transaction, the insider now directly owns 32,244 shares of the company’s stock, valued at $3,373,689.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 88,834 shares of company stock valued at $9,306,731. 1.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WAB. Cibc World Markets Corp purchased a new position in Westinghouse Air Brake Technologies during the first quarter worth $1,092,000. Eudaimonia Partners LLC purchased a new position in Westinghouse Air Brake Technologies during the first quarter worth $366,000. Neuberger Berman Group LLC boosted its stake in Westinghouse Air Brake Technologies by 2,233.1% during the first quarter. Neuberger Berman Group LLC now owns 245,277 shares of the transportation company’s stock worth $23,589,000 after buying an additional 234,764 shares during the period. Forsta AP Fonden purchased a new position in Westinghouse Air Brake Technologies during the second quarter worth $2,700,000. Finally, Rhumbline Advisers boosted its stake in Westinghouse Air Brake Technologies by 12.1% during the second quarter. Rhumbline Advisers now owns 316,576 shares of the transportation company’s stock worth $25,985,000 after buying an additional 34,084 shares during the period. 89.47% of the stock is owned by hedge funds and other institutional investors.

About Westinghouse Air Brake Technologies

(Get Rating)

Westinghouse Air Brake Technologies Corp. engages in the provision of equipment, systems, and value-added services for the rail industry. It operates through the Freight and Transit segments. The Freight segment builds new locomotives, manufactures and services components for new and existing freight cars and locomotives, rebuilds freight locomotives, supplies railway electronics, positive train control equipment, and signal design and engineering services, and provides related heat exchange and cooling systems.

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Analyst Recommendations for Westinghouse Air Brake Technologies (NYSE:WAB)

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