Westinghouse Air Brake Technologies (NYSE:WAB) Price Target Raised to $190.00 at Susquehanna

Westinghouse Air Brake Technologies (NYSE:WAB) had its price target hoisted by equities research analysts at Susquehanna from $160.00 to $190.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “positive” rating on the transportation company’s stock. Susquehanna’s price target indicates a potential upside of 15.60% from the company’s previous close.

WAB has been the subject of a number of other reports. Wells Fargo & Company upped their target price on Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Redburn Atlantic lowered shares of Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and set a $135.00 target price on the stock. in a report on Thursday, February 15th. Jefferies Financial Group upgraded shares of Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $115.00 to $150.00 in a research report on Thursday, January 11th. Bank of America increased their price target on shares of Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Morgan Stanley assumed coverage on shares of Westinghouse Air Brake Technologies in a research note on Monday, January 8th. They issued an “overweight” rating and a $137.00 price objective on the stock. Three research 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, Westinghouse Air Brake Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $156.18.

Westinghouse Air Brake Technologies Price Performance

Shares of Westinghouse Air Brake Technologies stock opened at $164.36 on Thursday. The company has a quick ratio of 0.63, a current ratio of 1.52 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $29.06 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 1.76 and a beta of 1.40. Westinghouse Air Brake Technologies has a twelve month low of $91.89 and a twelve month high of $167.49. The company has a 50-day simple moving average of $143.78 and a two-hundred day simple moving average of $128.14.

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

Insider Transactions at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, Director Brian Hehir sold 5,470 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $135.80, for a total value of $742,826.00. Following the completion of the transaction, the director now directly owns 23,065 shares in the company, valued at $3,132,227. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Brian Hehir sold 5,470 shares of Westinghouse Air Brake Technologies stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $135.80, for a total transaction of $742,826.00. Following the transaction, the director now owns 23,065 shares in the company, valued at $3,132,227. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP David L. Deninno sold 6,607 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $135.61, for a total transaction of $895,975.27. Following the completion of the sale, the vice president now directly owns 65,535 shares in the company, valued at approximately $8,887,201.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,964 shares of company stock worth $8,924,584. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Several institutional investors and hedge funds have recently made changes to their positions in WAB. iA Global Asset Management Inc. bought a new position in Westinghouse Air Brake Technologies during the third quarter worth $1,915,000. Applied Finance Capital Management LLC grew 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 acquiring an additional 14,285 shares during the period. Handelsinvest Investeringsforvaltning bought a new position in shares of Westinghouse Air Brake Technologies in the 4th quarter worth about $1,030,000. BNP Paribas Financial Markets lifted its stake in shares of Westinghouse Air Brake Technologies by 7.7% in the 4th quarter. BNP Paribas Financial Markets now owns 81,916 shares of the transportation company’s stock valued at $10,395,000 after purchasing an additional 5,859 shares during the period. Finally, Industrial Alliance Investment Management Inc. bought a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at about $498,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

About Westinghouse Air Brake Technologies

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.