JPMorgan Chase & Co. Lowers Wabtec (NYSE:WAB) Price Target to $280.00

Wabtec (NYSE:WAB) had its target price dropped by JPMorgan Chase & Co. from $290.00 to $280.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 4.60% from the company’s current price.

WAB has been the topic of several other reports. KeyCorp increased their price objective on shares of Wabtec from $240.00 to $308.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, January 21st. Citigroup lifted their price target on Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a research note on Thursday. Susquehanna set a $300.00 price target on Wabtec in a research note on Thursday, February 12th. Finally, Wall Street Zen lowered Wabtec from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $275.75.

Wabtec Stock Down 1.2%

Wabtec stock opened at $267.69 on Friday. The firm has a market cap of $45.55 billion, a price-to-earnings ratio of 39.19, a price-to-earnings-growth ratio of 2.02 and a beta of 0.99. Wabtec has a 52 week low of $165.00 and a 52 week high of $275.84. The business’s 50-day moving average price is $251.02 and its 200 day moving average price is $224.38. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38.

Wabtec (NYSE:WAB) last posted its earnings results on Wednesday, February 11th. The transportation company reported $2.10 EPS for the quarter, topping the consensus estimate of $2.08 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.86 billion. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.Wabtec’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the company earned $1.68 earnings per share. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. As a group, sell-side analysts anticipate that Wabtec will post 8.54 earnings per share for the current year.

Wabtec announced that its board has initiated a stock buyback plan on Wednesday, February 11th that permits the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization permits the transportation company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Wabtec

In related news, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $243.10, for a total value of $282,725.30. Following the sale, the chief executive officer owned 190,744 shares in the company, valued at approximately $46,369,866.40. The trade was a 0.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nalin Jain sold 7,936 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $264.09, for a total value of $2,095,818.24. Following the completion of the sale, the insider owned 6,364 shares in the company, valued at $1,680,668.76. This represents a 55.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 31,512 shares of company stock worth $8,160,028. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Wabtec

Several institutional investors and hedge funds have recently modified their holdings of WAB. Guggenheim Capital LLC boosted its position in shares of Wabtec by 7.4% during the 2nd quarter. Guggenheim Capital LLC now owns 4,938 shares of the transportation company’s stock worth $1,034,000 after acquiring an additional 342 shares in the last quarter. Bank of Nova Scotia boosted its position in shares of Wabtec by 0.5% during the 2nd quarter. Bank of Nova Scotia now owns 17,890 shares of the transportation company’s stock worth $3,745,000 after acquiring an additional 97 shares in the last quarter. AXA S.A. boosted its position in shares of Wabtec by 9.9% during the 2nd quarter. AXA S.A. now owns 69,991 shares of the transportation company’s stock worth $14,653,000 after acquiring an additional 6,331 shares in the last quarter. Nebula Research & Development LLC boosted its position in shares of Wabtec by 208.7% during the 2nd quarter. Nebula Research & Development LLC now owns 5,386 shares of the transportation company’s stock worth $1,128,000 after acquiring an additional 3,641 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of Wabtec by 11.6% during the 2nd quarter. Treasurer of the State of North Carolina now owns 92,097 shares of the transportation company’s stock worth $19,281,000 after acquiring an additional 9,545 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wabtec Company Profile

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec’s business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.