Westinghouse Air Brake Technologies (WAB) Given New $75.00 Price Target at Stifel Nicolaus

Westinghouse Air Brake Technologies (NYSE:WAB) had its target price lifted by stock analysts at Stifel Nicolaus from $68.00 to $75.00 in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price points to a potential downside of 6.25% from the company’s current price.

Several other equities research analysts also recently commented on WAB. B. Riley reissued a “neutral” rating on shares of Westinghouse Air Brake Technologies in a report on Wednesday, November 1st. Cowen reissued a “buy” rating and issued a $90.00 target price on shares of Westinghouse Air Brake Technologies in a report on Tuesday. FBR & Co set a $85.00 target price on Westinghouse Air Brake Technologies and gave the stock a “hold” rating in a report on Wednesday, October 25th. Wolfe Research raised Westinghouse Air Brake Technologies from a “market perform” rating to an “outperform” rating and set a $88.00 target price on the stock in a report on Friday, February 16th. Finally, Buckingham Research dropped their target price on Westinghouse Air Brake Technologies from $100.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $87.27.

Shares of Westinghouse Air Brake Technologies (NYSE:WAB) opened at $80.00 on Wednesday. The firm has a market capitalization of $7,417.86, a P/E ratio of 30.30, a PEG ratio of 1.68 and a beta of 1.00. Westinghouse Air Brake Technologies has a 1 year low of $69.20 and a 1 year high of $93.81. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.55 and a quick ratio of 1.03.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings data on Tuesday, February 20th. The transportation company reported $0.90 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.90. Westinghouse Air Brake Technologies had a return on equity of 11.85% and a net margin of 7.04%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company earned $0.81 EPS. The business’s quarterly revenue was up 41.5% compared to the same quarter last year. equities research analysts anticipate that Westinghouse Air Brake Technologies will post 3.43 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of WAB. Beck Mack & Oliver LLC raised its stake in shares of Westinghouse Air Brake Technologies by 75.8% in the third quarter. Beck Mack & Oliver LLC now owns 596,459 shares of the transportation company’s stock worth $45,182,000 after purchasing an additional 257,150 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of Westinghouse Air Brake Technologies in the fourth quarter worth $4,402,000. Champlain Investment Partners LLC raised its stake in shares of Westinghouse Air Brake Technologies by 1.5% in the fourth quarter. Champlain Investment Partners LLC now owns 1,474,740 shares of the transportation company’s stock worth $120,088,000 after purchasing an additional 21,930 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Westinghouse Air Brake Technologies in the fourth quarter worth $1,716,000. Finally, New York State Common Retirement Fund raised its stake in shares of Westinghouse Air Brake Technologies by 5.3% in the third quarter. New York State Common Retirement Fund now owns 366,353 shares of the transportation company’s stock worth $27,751,000 after purchasing an additional 18,600 shares during the last quarter.

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About Westinghouse Air Brake Technologies

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.

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

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