Westinghouse Air Brake Technologies (WAB) Receives Outperform Rating from William Blair

William Blair reiterated their outperform rating on shares of Westinghouse Air Brake Technologies (NYSE:WAB) in a report released on Wednesday morning. William Blair also issued estimates for Westinghouse Air Brake Technologies’ Q1 2018 earnings at $0.90 EPS, Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $0.90 EPS, Q4 2018 earnings at $1.14 EPS, FY2018 earnings at $3.80 EPS and FY2019 earnings at $4.65 EPS.

A number of other analysts have also commented on WAB. FBR & Co set a $85.00 price target on Westinghouse Air Brake Technologies and gave the stock a hold rating in a research note on Wednesday, October 25th. Stifel Nicolaus reaffirmed a hold rating and issued a $75.00 price target (up previously from $74.00) on shares of Westinghouse Air Brake Technologies in a research note on Wednesday, October 25th. Buckingham Research dropped their price target on Westinghouse Air Brake Technologies from $100.00 to $97.00 and set a buy rating for the company in a research note on Wednesday, October 25th. Zacks Investment Research lowered Westinghouse Air Brake Technologies from a buy rating to a hold rating in a research note on Friday, October 27th. Finally, B. Riley reiterated a neutral rating on shares of Westinghouse Air Brake Technologies in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Westinghouse Air Brake Technologies presently has an average rating of Hold and an average target price of $87.50.

Shares of Westinghouse Air Brake Technologies (NYSE:WAB) opened at $81.74 on Wednesday. Westinghouse Air Brake Technologies has a 52 week low of $69.20 and a 52 week high of $93.81. The company has a market capitalization of $7,679.94, a price-to-earnings ratio of 23.39, a P/E/G ratio of 1.76 and a beta of 1.00. The company has a quick ratio of 1.03, a current ratio of 1.55 and a debt-to-equity ratio of 0.67.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings results on Tuesday, February 20th. The transportation company reported $0.90 EPS for the quarter, hitting analysts’ consensus estimates of $0.90. Westinghouse Air Brake Technologies had a return on equity of 12.88% and a net margin of 6.76%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the firm posted $0.81 earnings per share. The firm’s revenue was up 41.5% on a year-over-year basis. analysts expect that Westinghouse Air Brake Technologies will post 3.96 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be issued a $0.12 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.48 dividend on an annualized basis and a yield of 0.59%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 17.58%.

A number of institutional investors and hedge funds have recently bought and sold shares of WAB. Beck Mack & Oliver LLC raised its holdings in 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 in the last quarter. FDx Advisors Inc. raised its holdings in Westinghouse Air Brake Technologies by 18.8% in the third quarter. FDx Advisors Inc. now owns 22,302 shares of the transportation company’s stock worth $1,689,000 after purchasing an additional 3,524 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Westinghouse Air Brake Technologies by 5.3% during the third quarter. New York State Common Retirement Fund now owns 366,353 shares of the transportation company’s stock valued at $27,751,000 after acquiring an additional 18,600 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Westinghouse Air Brake Technologies by 8.8% during the third quarter. Rhumbline Advisers now owns 179,773 shares of the transportation company’s stock valued at $13,618,000 after acquiring an additional 14,582 shares in the last quarter. Finally, Hikari Power Ltd increased its holdings in shares of Westinghouse Air Brake Technologies by 7.1% during the third quarter. Hikari Power Ltd now owns 183,300 shares of the transportation company’s stock valued at $13,885,000 after acquiring an additional 12,100 shares in 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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