News stories about Westinghouse Air Brake Technologies (NYSE:WAB) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Westinghouse Air Brake Technologies earned a news impact score of 0.06 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 46.9628387313079 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Westinghouse Air Brake Technologies (NYSE:WAB) traded up $1.18 during trading hours on Friday, reaching $85.20. 421,126 shares of the company’s stock were exchanged, compared to its average volume of 510,039. The stock has a market cap of $8,179.11, a price-to-earnings ratio of 32.27, a price-to-earnings-growth ratio of 1.83 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 has a 52 week low of $69.20 and a 52 week high of $93.81.
Westinghouse Air Brake Technologies (NYSE:WAB) last released its earnings results on Tuesday, October 24th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.04. The company had revenue of $957.93 million for the quarter, compared to analyst estimates of $947.18 million. Westinghouse Air Brake Technologies had a net margin of 7.04% and a return on equity of 11.85%. The firm’s quarterly revenue was up 41.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. equities analysts predict that Westinghouse Air Brake Technologies will post 3.48 earnings per share for the current year.
WAB has been the topic of a number of research reports. Seaport Global Securities initiated coverage on shares of Westinghouse Air Brake Technologies in a research note on Thursday, January 4th. They issued a “buy” rating and a $90.00 price objective on the stock. Zacks Investment Research raised shares of Westinghouse Air Brake Technologies from a “sell” rating to a “buy” rating and set a $84.00 price objective on the stock in a research note on Wednesday, October 18th. KeyCorp reissued a “buy” rating and issued a $100.00 price objective on shares of Westinghouse Air Brake Technologies in a research note on Sunday, September 17th. Buckingham Research lowered their price objective on shares of Westinghouse Air Brake Technologies from $100.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, October 25th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $75.00 price objective (up from $74.00) on shares of Westinghouse Air Brake Technologies in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $87.44.
In other news, VP David L. Deninno sold 1,917 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $76.10, for a total transaction of $145,883.70. Following the transaction, the vice president now directly owns 56,131 shares in the company, valued at approximately $4,271,569.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert J. Brooks sold 3,500 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $77.66, for a total transaction of $271,810.00. Following the transaction, the director now owns 84,221 shares in the company, valued at $6,540,602.86. The disclosure for this sale can be found here. 11.69% of the stock is currently owned by corporate insiders.
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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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