Westinghouse Air Brake Technologies (NYSE:WAB – Get Free Report) is set to issue its quarterly earnings data before the market opens on Wednesday, February 14th. Analysts expect the company to announce earnings of $1.56 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
Westinghouse Air Brake Technologies Stock Performance
NYSE WAB opened at $134.74 on Wednesday. The company has a market cap of $24.15 billion, a P/E ratio of 32.23, a P/E/G ratio of 1.23 and a beta of 1.41. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.19 and a quick ratio of 0.61. The stock has a 50-day moving average of $125.76 and a two-hundred day moving average of $115.49. Westinghouse Air Brake Technologies has a 1-year low of $91.89 and a 1-year high of $135.23.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. Susquehanna assumed coverage on Westinghouse Air Brake Technologies in a research report on Friday, December 1st. They set a “positive” rating and a $150.00 price objective for the company. Jefferies Financial Group raised Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and upped their price target for the company from $115.00 to $150.00 in a report on Thursday, January 11th. Bank of America raised Westinghouse Air Brake Technologies from a “neutral” rating to a “buy” rating and upped their price target for the company from $128.00 to $150.00 in a report on Tuesday, January 16th. Stephens boosted their price objective on Westinghouse Air Brake Technologies from $137.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Finally, Morgan Stanley assumed coverage on Westinghouse Air Brake Technologies in a research note on Monday, January 8th. They issued an “overweight” rating and a $137.00 price objective for the company. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $136.20.
Insider Buying and Selling at Westinghouse Air Brake Technologies
In other Westinghouse Air Brake Technologies news, VP Kristine Kubacki sold 1,141 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $115.19, for a total value of $131,431.79. Following the sale, the vice president now owns 3,052 shares of the company’s stock, valued at $351,559.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Westinghouse Air Brake Technologies
A number of large investors have recently modified their holdings of WAB. Coppell Advisory Solutions Corp. purchased a new stake in shares of Westinghouse Air Brake Technologies during the 4th quarter valued at about $30,000. Coppell Advisory Solutions LLC acquired a new position in shares of Westinghouse Air Brake Technologies in the 2nd quarter worth approximately $33,000. Resources Management Corp CT ADV grew its position in shares of Westinghouse Air Brake Technologies by 1,292.4% in the 2nd quarter. Resources Management Corp CT ADV now owns 1,100 shares of the transportation company’s stock worth $121,000 after acquiring an additional 1,021 shares in the last quarter. Quantitative Investment Management LLC acquired a new position in shares of Westinghouse Air Brake Technologies in the 2nd quarter worth approximately $314,000. Finally, Eudaimonia Partners LLC acquired a new position in shares of Westinghouse Air Brake Technologies in the 1st quarter worth approximately $366,000. 90.52% of the stock is currently owned by hedge funds and other institutional investors.
Westinghouse Air Brake Technologies Company Profile
Westinghouse Air Brake Technologies Corporation provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. The company operates in two segments, Freight and Transit. The Freight segment manufactures and services components for freight cars and locomotives; builds, rebuilds, upgrades, and overhauls locomotives; supplies railway electronics, positive train control equipment, and signal design and engineering services; services locomotives and freight cars; and provides heat exchange and cooling systems, and components and digital solutions.
- Five stocks we like better than Westinghouse Air Brake Technologies
- How to Invest in Mining Stocks
- Is the dip in Atlassian stock a sneaky buy opportunity?
- 3 Warren Buffett Stocks to Buy Now
- Caterpillar stock hits new highs; time to ring the register?
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- 5 medical stocks growing earnings by triple digits
Receive News & Ratings for Westinghouse Air Brake Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westinghouse Air Brake Technologies and related companies with MarketBeat.com's FREE daily email newsletter.