Stephens Increases Westinghouse Air Brake Technologies (NYSE:WAB) Price Target to $180.00

Westinghouse Air Brake Technologies (NYSE:WAB) had its price target hoisted by research analysts at Stephens from $165.00 to $180.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Stephens’ price target indicates a potential upside of 9.52% from the stock’s current price.

A number of other analysts have also commented on the company. TD Cowen increased their price objective on Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday. KeyCorp increased their price objective on Westinghouse Air Brake Technologies from $133.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Wells Fargo & Company increased their price objective on Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Jefferies Financial Group raised Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and raised their price target for the stock from $115.00 to $150.00 in a research note on Thursday, January 11th. Finally, The Goldman Sachs Group raised their price target on Westinghouse Air Brake Technologies from $138.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.18.

Westinghouse Air Brake Technologies Trading Up 0.7 %

Shares of WAB stock opened at $164.36 on Thursday. Westinghouse Air Brake Technologies has a fifty-two week low of $91.89 and a fifty-two week high of $167.49. The stock has a market cap of $29.06 billion, a P/E ratio of 32.10, a P/E/G ratio of 1.76 and a beta of 1.40. The business has a fifty day simple moving average of $143.78 and a 200-day simple moving average of $128.14. The company has a quick ratio of 0.63, a current ratio of 1.52 and a debt-to-equity ratio of 0.38.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.40 billion. Westinghouse Air Brake Technologies had a return on equity of 11.25% and a net margin of 9.20%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 earnings per share. On average, analysts forecast that Westinghouse Air Brake Technologies will post 7.2 earnings per share for the current fiscal year.

Insider Activity

In other news, VP David L. Deninno sold 6,607 shares of Westinghouse Air Brake Technologies stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $135.61, for a total value of $895,975.27. Following the transaction, the vice president now directly owns 65,535 shares of the company’s stock, valued at approximately $8,887,201.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP David L. Deninno sold 6,607 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $135.61, for a total transaction of $895,975.27. Following the sale, the vice president now directly owns 65,535 shares in the company, valued at approximately $8,887,201.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Nicole B. Theophilus sold 2,668 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $140.46, for a total value of $374,747.28. Following the sale, the executive vice president now owns 24,792 shares in the company, valued at $3,482,284.32. The disclosure for this sale can be found here. Insiders have sold 63,964 shares of company stock valued at $8,924,584 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Hedge funds have recently modified their holdings of the stock. Applied Finance Capital Management LLC increased its holdings in Westinghouse Air Brake Technologies by 9.8% during the 4th quarter. Applied Finance Capital Management LLC now owns 159,384 shares of the transportation company’s stock worth $20,226,000 after purchasing an additional 14,285 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Westinghouse Air Brake Technologies by 7.7% during the 4th quarter. BNP Paribas Financial Markets now owns 81,916 shares of the transportation company’s stock worth $10,395,000 after purchasing an additional 5,859 shares during the last quarter. Watchman Group Inc. increased its holdings in Westinghouse Air Brake Technologies by 0.9% during the 3rd quarter. Watchman Group Inc. now owns 28,921 shares of the transportation company’s stock worth $3,073,000 after purchasing an additional 269 shares during the last quarter. iA Global Asset Management Inc. purchased a new stake in Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $1,915,000. Finally, Handelsinvest Investeringsforvaltning purchased a new stake in Westinghouse Air Brake Technologies during the 4th quarter worth approximately $1,030,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Westinghouse Air Brake Technologies Company Profile

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.