News coverage about Westinghouse Air Brake Technologies (NYSE:WAB) has been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Westinghouse Air Brake Technologies earned a news impact score of 0.06 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 46.0575244734412 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern’s scoring:
- Stocks Roundup: Approach Resources, Inc., (NASDAQ: AREX), BJ’s Restaurants, Inc., (NASDAQ: BJRI), Korn/Ferry … – Stocks In The News (press release) (tradingnewsnow.com)
- Wabtec Acquires Melett, A UK-Based Leading Supplier To The Turbocharger Aftermarket (finance.yahoo.com)
- Wabi Provides Details on Nevada Gold and Copper Targets (finance.yahoo.com)
- Free Research Reports on These Railroads Stocks — Norfolk Southern, Trinity Industries, Union Pacific, and Westinghouse Air Brake Technologies (bizjournals.com)
- Brokerages Expect Westinghouse Air Brake Technologies Corporation (WAB) Will Announce Quarterly Sales of $1.00 Billion (americanbankingnews.com)
Shares of Westinghouse Air Brake Technologies (NYSE WAB) traded up $1.30 during trading hours on Monday, reaching $77.60. 586,863 shares of the company traded hands, compared to its average volume of 797,536. Westinghouse Air Brake Technologies has a 12-month low of $69.20 and a 12-month high of $93.81. The company has a market cap of $7,324.74, a P/E ratio of 22.91, a PEG ratio of 1.90 and a beta of 1.08. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.55.
Westinghouse Air Brake Technologies (NYSE:WAB) last released its earnings results on Tuesday, October 24th. The transportation company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The business had revenue of $957.93 million for the quarter, compared to the consensus estimate of $947.18 million. Westinghouse Air Brake Technologies had a net margin of 7.04% and a return on equity of 11.85%. The business’s revenue for the quarter was up 41.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. sell-side analysts anticipate that Westinghouse Air Brake Technologies will post 3.49 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 13th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Friday, November 10th. Westinghouse Air Brake Technologies’s payout ratio is presently 18.18%.
WAB has been the subject of several analyst reports. Zacks Investment Research cut shares of Westinghouse Air Brake Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Berenberg Bank initiated coverage on shares of Westinghouse Air Brake Technologies in a research report on Thursday, September 7th. They set a “hold” rating and a $81.00 target price on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $74.00 price target on shares of Westinghouse Air Brake Technologies in a research report on Tuesday, September 12th. KeyCorp restated a “buy” rating and set a $100.00 target price on shares of Westinghouse Air Brake Technologies in a research report on Sunday, September 17th. Finally, Buckingham Research decreased their target price on shares of Westinghouse Air Brake Technologies from $100.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Westinghouse Air Brake Technologies presently has a consensus rating of “Hold” and an average price target of $87.75.
In other news, Director Robert J. Brooks sold 3,500 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $77.66, for a total value of $271,810.00. Following the sale, the director now owns 84,221 shares of the company’s stock, valued at approximately $6,540,602.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP David L. Deninno sold 1,917 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $76.10, for a total transaction of $145,883.70. Following the sale, the vice president now directly owns 56,131 shares in the company, valued at approximately $4,271,569.10. The disclosure for this sale can be found here. Insiders own 11.69% of the company’s stock.
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Westinghouse Air Brake Technologies Company Profile
Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a provider of technology-based equipment and services for the global freight and transit rail industries. The Company’s segments include the Freight Segment and the Transit Segment. The Freight Segment primarily 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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