Westinghouse Air Brake Technologies (NYSE:WAB) PT Raised to $185.00

Westinghouse Air Brake Technologies (NYSE:WAB) had its price objective hoisted by equities research analysts at KeyCorp from $155.00 to $185.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. KeyCorp’s price target would indicate a potential upside of 12.56% from the company’s previous close.

Other research analysts also recently issued reports about the company. Wells Fargo & Company boosted 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. Redburn Atlantic downgraded Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and set a $135.00 price objective on the stock. 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 boosted their price objective for the company from $115.00 to $150.00 in a research note on Thursday, January 11th. TD Cowen upped their price target on Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, The Goldman Sachs Group upped 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. Based on data from MarketBeat.com, Westinghouse Air Brake Technologies has an average rating of “Moderate Buy” and a consensus price target of $156.18.

Westinghouse Air Brake Technologies Trading Up 0.7 %

NYSE WAB opened at $164.36 on Thursday. The business’s 50-day moving average price is $143.78 and its two-hundred day moving average price is $128.14. Westinghouse Air Brake Technologies has a 12 month low of $91.89 and a 12 month high of $167.49. The firm has a market capitalization of $29.06 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 1.76 and a beta of 1.40. The company has a current ratio of 1.52, a quick ratio of 0.63 and a debt-to-equity ratio of 0.38.

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

Insiders Place Their Bets

In other Westinghouse Air Brake Technologies news, EVP Nicole B. Theophilus sold 2,668 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $140.46, for a total transaction of $374,747.28. Following the completion of the sale, the executive vice president now directly owns 24,792 shares of the company’s stock, valued at approximately $3,482,284.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Rafael Santana sold 40,219 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $140.62, for a total value of $5,655,595.78. Following the completion of the transaction, the chief executive officer now directly owns 123,019 shares of the company’s stock, valued at $17,298,931.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Nicole B. Theophilus sold 2,668 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $140.46, for a total value of $374,747.28. Following the completion of the transaction, the executive vice president now directly owns 24,792 shares of the company’s stock, valued at $3,482,284.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,964 shares of company stock valued at $8,924,584. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Several institutional investors have recently modified their holdings of the business. Applied Finance Capital Management LLC grew its holdings in Westinghouse Air Brake Technologies by 9.8% during the fourth quarter. Applied Finance Capital Management LLC now owns 159,384 shares of the transportation company’s stock valued at $20,226,000 after purchasing an additional 14,285 shares during the period. BNP Paribas Financial Markets grew its holdings in Westinghouse Air Brake Technologies by 7.7% during the fourth 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. Watchman Group Inc. grew its holdings in Westinghouse Air Brake Technologies by 0.9% during the third quarter. Watchman Group Inc. now owns 28,921 shares of the transportation company’s stock valued at $3,073,000 after purchasing an additional 269 shares during the period. iA Global Asset Management Inc. bought a new position in Westinghouse Air Brake Technologies during the third quarter valued at $1,915,000. Finally, Handelsinvest Investeringsforvaltning bought a new position in Westinghouse Air Brake Technologies during the fourth quarter valued at $1,030,000. 91.69% of the stock is owned by 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.