ValuEngine Downgrades Westinghouse Air Brake Technologies (WAB) to Sell

Westinghouse Air Brake Technologies (NYSE:WAB) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Tuesday, ValuEngine reports.

WAB has been the subject of a number of other reports. Buckingham Research decreased their price target on Westinghouse Air Brake Technologies from $94.00 to $93.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Zacks Investment Research downgraded Westinghouse Air Brake Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, January 26th. Seaport Global Securities reaffirmed a “buy” rating on shares of Westinghouse Air Brake Technologies in a research report on Monday, January 28th. Wells Fargo & Co set a $95.00 price target on Westinghouse Air Brake Technologies and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Mizuho reaffirmed a “hold” rating on shares of Westinghouse Air Brake Technologies in a research report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $94.10.

Shares of WAB opened at $68.39 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.35 and a quick ratio of 0.75. The company has a market cap of $6.72 billion, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 1.35 and a beta of 1.29. Westinghouse Air Brake Technologies has a 12 month low of $65.09 and a 12 month high of $115.40.



Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings results on Thursday, April 25th. The transportation company reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.26. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.46 billion. Westinghouse Air Brake Technologies had a return on equity of 9.11% and a net margin of 4.12%. Westinghouse Air Brake Technologies’s revenue was up 50.9% on a year-over-year basis. During the same period last year, the business posted $0.92 earnings per share. On average, equities research analysts predict that Westinghouse Air Brake Technologies will post 4.19 EPS for the current year.

In other Westinghouse Air Brake Technologies news, Director Linda S. Harty sold 3,000 shares of the firm’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $75.68, for a total value of $227,040.00. Following the completion of the sale, the director now directly owns 6,054 shares of the company’s stock, valued at $458,166.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.56% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. PRW Wealth Management LLC purchased a new position in shares of Westinghouse Air Brake Technologies in the fourth quarter valued at $28,000. Cullen Frost Bankers Inc. purchased a new position in shares of Westinghouse Air Brake Technologies in the first quarter valued at $34,000. RPG Investment Advisory LLC grew its position in shares of Westinghouse Air Brake Technologies by 545.0% in the first quarter. RPG Investment Advisory LLC now owns 645 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 545 shares in the last quarter. Iat Reinsurance Co. LTD. purchased a new position in shares of Westinghouse Air Brake Technologies in the first quarter valued at $48,000. Finally, Cribstone Capital Management LLC purchased a new position in shares of Westinghouse Air Brake Technologies in the first quarter valued at $49,000. Institutional investors own 99.51% of the company’s stock.

Westinghouse Air Brake Technologies Company Profile

Wabtec Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. The company's Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new switcher locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems.

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

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