Westinghouse Air Brake Technologies Co. (NYSE:WAB) Receives $163.90 Consensus Price Target from Analysts

Westinghouse Air Brake Technologies Co. (NYSE:WABGet Free Report) has earned an average rating of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $163.90.

Several research firms have recently issued reports on WAB. Stephens lifted their price objective on shares of Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Susquehanna lifted their price objective on shares of Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the company a “positive” rating in a research report on Thursday, April 25th. Bank of America boosted their price target on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. The Goldman Sachs Group lifted their price objective on shares of Westinghouse Air Brake Technologies from $160.00 to $181.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 4th. Finally, TD Cowen lifted their price objective on shares of Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th.

Read Our Latest Analysis on WAB

Insider Activity

In related news, Director Brian Hehir sold 1,000 shares of Westinghouse Air Brake Technologies stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $161.62, for a total value of $161,620.00. Following the completion of the sale, the director now directly owns 23,230 shares in the company, valued at $3,754,432.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Nicole B. Theophilus sold 4,801 shares of Westinghouse Air Brake Technologies stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $154.64, for a total value of $742,426.64. Following the completion of the sale, the executive vice president now directly owns 15,608 shares in the company, valued at $2,413,621.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Hehir sold 1,000 shares of Westinghouse Air Brake Technologies stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $161.62, for a total value of $161,620.00. Following the completion of the sale, the director now owns 23,230 shares of the company’s stock, valued at $3,754,432.60. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

A number of large investors have recently added to or reduced their stakes in WAB. Massmutual Trust Co. FSB ADV raised its holdings in Westinghouse Air Brake Technologies by 26.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock worth $90,000 after purchasing an additional 118 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in Westinghouse Air Brake Technologies in the first quarter worth about $204,000. Bridges Investment Management Inc. bought a new position in Westinghouse Air Brake Technologies in the second quarter worth about $360,000. V Square Quantitative Management LLC raised its holdings in Westinghouse Air Brake Technologies by 36.8% in the first quarter. V Square Quantitative Management LLC now owns 2,624 shares of the transportation company’s stock worth $382,000 after purchasing an additional 706 shares in the last quarter. Finally, Greenleaf Trust increased its holdings in shares of Westinghouse Air Brake Technologies by 4.3% during the first quarter. Greenleaf Trust now owns 3,201 shares of the transportation company’s stock valued at $466,000 after acquiring an additional 133 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Westinghouse Air Brake Technologies Stock Performance

Shares of NYSE WAB opened at $156.25 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.38 and a quick ratio of 0.73. Westinghouse Air Brake Technologies has a 1 year low of $98.70 and a 1 year high of $170.83. The firm has a fifty day moving average price of $160.25 and a 200-day moving average price of $153.14. The stock has a market cap of $27.37 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 1.30 and a beta of 1.29.

Westinghouse Air Brake Technologies (NYSE:WABGet Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.08. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. Westinghouse Air Brake Technologies’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.41 EPS. Equities analysts anticipate that Westinghouse Air Brake Technologies will post 7.42 earnings per share for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Wednesday, August 14th. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 15.63%.

Westinghouse Air Brake Technologies Company Profile

(Get Free Report

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.

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Analyst Recommendations for Westinghouse Air Brake Technologies (NYSE:WAB)

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