The Goldman Sachs Group Boosts Westinghouse Air Brake Technologies (NYSE:WAB) Price Target to $152.00

Westinghouse Air Brake Technologies (NYSE:WAB) had its price target lifted by research analysts at The Goldman Sachs Group from $138.00 to $152.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 5.15% from the stock’s current price.

A number of other equities analysts have also weighed in on WAB. KeyCorp upped their target price on shares of Westinghouse Air Brake Technologies from $133.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Morgan Stanley started coverage on shares of Westinghouse Air Brake Technologies in a research report on Monday, January 8th. They set an “overweight” rating and a $137.00 price objective for the company. Redburn Atlantic lowered shares of Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and set a $135.00 price objective for the company. in a research report on Thursday, February 15th. Susquehanna increased their price objective on shares of Westinghouse Air Brake Technologies from $150.00 to $160.00 and gave the company a “positive” rating in a research report on Thursday, February 15th. Finally, Jefferies Financial Group upgraded shares of Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $115.00 to $150.00 in a research report on Thursday, January 11th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $146.91.

Westinghouse Air Brake Technologies Price Performance

Shares of NYSE:WAB opened at $144.55 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.63 and a current ratio of 1.20. The firm has a fifty day moving average price of $141.91 and a 200 day moving average price of $126.31. Westinghouse Air Brake Technologies has a fifty-two week low of $91.89 and a fifty-two week high of $151.00. The firm has a market cap of $25.56 billion, a price-to-earnings ratio of 31.98, a P/E/G ratio of 1.67 and a beta of 1.40.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its earnings results on Wednesday, February 14th. The transportation company reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.04). Westinghouse Air Brake Technologies had a return on equity of 10.34% and a net margin of 8.42%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.48 billion. During the same quarter in the prior year, the company posted $1.30 EPS. Westinghouse Air Brake Technologies’s revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts expect that Westinghouse Air Brake Technologies will post 6.73 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Brian Hehir sold 5,470 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $135.80, for a total value of $742,826.00. Following the sale, the director now owns 23,065 shares of the company’s stock, valued at $3,132,227. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Nicole B. Theophilus sold 2,668 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $140.46, for a total value of $374,747.28. Following the transaction, the executive vice president now owns 24,792 shares of the company’s stock, valued at approximately $3,482,284.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Hehir sold 5,470 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $135.80, for a total transaction of $742,826.00. Following the completion of the transaction, the director now directly owns 23,065 shares in the company, valued at approximately $3,132,227. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,964 shares of company stock valued at $8,924,584. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WAB. Cibc World Markets Corp purchased a new position in Westinghouse Air Brake Technologies during the 1st quarter valued at about $1,092,000. Eudaimonia Partners LLC purchased a new position in Westinghouse Air Brake Technologies during the 1st quarter valued at about $366,000. Neuberger Berman Group LLC increased its position in Westinghouse Air Brake Technologies by 2,233.1% during the 1st quarter. Neuberger Berman Group LLC now owns 245,277 shares of the transportation company’s stock valued at $23,589,000 after purchasing an additional 234,764 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in Westinghouse Air Brake Technologies during the 4th quarter valued at about $30,000. Finally, State of Tennessee Treasury Department increased its position in Westinghouse Air Brake Technologies by 13.8% during the 1st quarter. State of Tennessee Treasury Department now owns 115,233 shares of the transportation company’s stock valued at $11,645,000 after purchasing an additional 13,949 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.