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

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

Several other equities research analysts have also commented on the company. The Goldman Sachs Group boosted 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. Jefferies Financial Group upgraded Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and raised their price target for the company from $115.00 to $150.00 in a research report on Thursday, January 11th. Wells Fargo & Company boosted their price objective on shares of Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Bank of America raised their target price on shares of Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 15th. Finally, TD Cowen lifted their target price on shares of Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the stock a “hold” rating in a research report on Thursday. 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, Westinghouse Air Brake Technologies has an average rating of “Moderate Buy” and an average target price of $156.18.

Westinghouse Air Brake Technologies Trading Up 0.7 %

Shares of WAB stock opened at $164.36 on Thursday. The company has a market capitalization of $29.06 billion, a P/E 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. The business’s 50 day moving average is $143.78 and its two-hundred day moving average is $128.14. Westinghouse Air Brake Technologies has a twelve month low of $91.89 and a twelve month high of $167.49.

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

Insider Buying and Selling

In other news, CEO Rafael Santana sold 40,219 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $140.62, for a total transaction of $5,655,595.78. Following the completion of the transaction, the chief executive officer now owns 123,019 shares of the company’s stock, valued at approximately $17,298,931.78. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Rafael Santana sold 40,219 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $140.62, for a total value of $5,655,595.78. Following the sale, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian Hehir sold 5,470 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $135.80, for a total transaction of $742,826.00. Following the transaction, the director now directly owns 23,065 shares of the company’s stock, valued at approximately $3,132,227. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,964 shares of company stock worth $8,924,584. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WAB. Applied Finance Capital Management LLC raised its holdings in Westinghouse Air Brake Technologies by 5.7% in the third quarter. Applied Finance Capital Management LLC now owns 145,099 shares of the transportation company’s stock valued at $15,420,000 after buying an additional 7,785 shares during the period. Watchman Group Inc. lifted its stake in shares of 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 worth $3,073,000 after purchasing an additional 269 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Westinghouse Air Brake Technologies in the third quarter worth about $204,000. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Westinghouse Air Brake Technologies in the third quarter valued at about $498,000. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at about $1,915,000. 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.