Westinghouse Air Brake Technologies (NYSE:WAB) Price Target Raised to $184.00

Westinghouse Air Brake Technologies (NYSE:WAB) had its price objective hoisted by research analysts at Bank of America from $183.00 to $184.00 in a report released on Monday, Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Bank of America‘s target price points to a potential upside of 9.45% from the company’s current price.

WAB has been the topic of a number of other reports. TD Cowen upped their price target on 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. KeyCorp upped their price target on Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Susquehanna boosted their price objective on Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the stock a “positive” rating in a report on Thursday, April 25th. Stephens boosted their price objective on Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Finally, The Goldman Sachs Group upped their target price on Westinghouse Air Brake Technologies from $160.00 to $181.00 and gave the company a “neutral” rating in a report on Tuesday, June 4th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.82.

Westinghouse Air Brake Technologies Stock Down 0.6 %

Shares of NYSE:WAB opened at $168.11 on Monday. The company has a market capitalization of $29.65 billion, a price-to-earnings ratio of 32.83, a P/E/G ratio of 1.49 and a beta of 1.29. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.52 and a quick ratio of 0.77. The business’s 50-day moving average is $163.95 and its 200-day moving average is $150.14. Westinghouse Air Brake Technologies has a 1 year low of $98.70 and a 1 year high of $170.83.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.89 earnings per share 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 for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the business earned $1.28 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. Equities research analysts predict that Westinghouse Air Brake Technologies will post 7.34 earnings per share for the current year.

Insiders Place Their Bets

In other Westinghouse Air Brake Technologies news, Director Albert J. Neupaver sold 29,100 shares of Westinghouse Air Brake Technologies stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $161.63, for a total transaction of $4,703,433.00. Following the completion of the sale, the director now owns 595,412 shares of the company’s stock, valued at $96,236,441.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Westinghouse Air Brake Technologies news, Director Albert J. Neupaver sold 29,100 shares of Westinghouse Air Brake Technologies stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $161.63, for a total transaction of $4,703,433.00. Following the completion of the sale, the director now owns 595,412 shares of the company’s stock, valued at $96,236,441.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Rogerio Mendonca sold 3,965 shares of Westinghouse Air Brake Technologies stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $160.75, for a total value of $637,373.75. Following the sale, the insider now directly owns 12,464 shares of the company’s stock, valued at approximately $2,003,588. The disclosure for this sale can be found here. Insiders sold a total of 47,476 shares of company stock valued at $7,689,609 over the last 90 days. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of WAB. BNP Paribas Financial Markets increased its holdings in shares of Westinghouse Air Brake Technologies by 107.8% in the first quarter. BNP Paribas Financial Markets now owns 170,248 shares of the transportation company’s stock worth $24,802,000 after buying an additional 88,325 shares during the period. Forsta AP Fonden increased its holdings in Westinghouse Air Brake Technologies by 64.5% during the 1st quarter. Forsta AP Fonden now owns 53,300 shares of the transportation company’s stock valued at $7,765,000 after purchasing an additional 20,900 shares during the period. Applied Finance Capital Management LLC increased its holdings in Westinghouse Air Brake Technologies by 9.8% during the 4th quarter. Applied Finance Capital Management LLC now owns 159,384 shares of the transportation company’s stock valued at $20,226,000 after purchasing an additional 14,285 shares during the period. Plato Investment Management Ltd increased its holdings in Westinghouse Air Brake Technologies by 59,168.4% during the 1st quarter. Plato Investment Management Ltd now owns 11,261 shares of the transportation company’s stock valued at $1,641,000 after purchasing an additional 11,242 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in Westinghouse Air Brake Technologies by 12.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the transportation company’s stock valued at $3,534,000 after purchasing an additional 2,457 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.