Westinghouse Air Brake Technologies (NYSE:WAB) Earns Overweight Rating from Stephens

Westinghouse Air Brake Technologies (NYSE:WAB)‘s stock had its “overweight” rating reiterated by analysts at Stephens in a research note issued to investors on Thursday,Benzinga reports. They currently have a $220.00 target price on the transportation company’s stock. Stephens’ target price suggests a potential upside of 13.89% from the company’s previous close.

WAB has been the subject of several other research reports. The Goldman Sachs Group upped their price target on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Bank of America lifted their price target on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. KeyCorp upped their price objective on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, Susquehanna lifted their price target on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a report on Monday, October 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.38.

Westinghouse Air Brake Technologies Stock Performance

Westinghouse Air Brake Technologies stock traded up $3.89 during midday trading on Thursday, reaching $193.16. 458,985 shares of the company traded hands, compared to its average volume of 994,207. Westinghouse Air Brake Technologies has a 12 month low of $131.33 and a 12 month high of $210.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.65. The business has a 50 day moving average of $199.13 and a two-hundred day moving average of $186.01. The firm has a market capitalization of $33.20 billion, a price-to-earnings ratio of 32.19, a price-to-earnings-growth ratio of 1.33 and a beta of 1.27.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings results on Wednesday, February 12th. The transportation company reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a net margin of 10.25% and a return on equity of 12.52%. As a group, research analysts predict that Westinghouse Air Brake Technologies will post 7.6 earnings per share for the current year.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Institutional investors have recently modified their holdings of the stock. Twin Capital Management Inc. raised its holdings in Westinghouse Air Brake Technologies by 4.3% during the 4th quarter. Twin Capital Management Inc. now owns 15,832 shares of the transportation company’s stock valued at $3,002,000 after buying an additional 647 shares during the period. DnB Asset Management AS increased its position in Westinghouse Air Brake Technologies by 0.9% during the fourth quarter. DnB Asset Management AS now owns 48,101 shares of the transportation company’s stock valued at $9,119,000 after acquiring an additional 414 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Westinghouse Air Brake Technologies in the fourth quarter valued at $22,509,000. Hillsdale Investment Management Inc. lifted its holdings in shares of Westinghouse Air Brake Technologies by 3.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 5,400 shares of the transportation company’s stock worth $1,024,000 after acquiring an additional 200 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its stake in shares of Westinghouse Air Brake Technologies by 114.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,907 shares of the transportation company’s stock worth $741,000 after purchasing an additional 2,087 shares during the period. 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.