Westinghouse Air Brake Technologies Corp. (WAB) Sees Strong Trading Volume
Westinghouse Air Brake Technologies Corp. (NYSE:WAB) saw an uptick in trading volume on Tuesday . 960,568 shares were traded during trading, an increase of 21% from the previous session’s volume of 796,622 shares.The stock last traded at $75.99 and had previously closed at $75.16.
Several brokerages recently issued reports on WAB. Stifel Nicolaus reaffirmed a “buy” rating and set a $90.00 target price (down previously from $91.00) on shares of Westinghouse Air Brake Technologies Corp. in a research report on Friday, July 15th. Wunderlich cut their target price on Westinghouse Air Brake Technologies Corp. from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, July 25th. Finally, Zacks Investment Research cut Westinghouse Air Brake Technologies Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $85.00.
The firm has a market cap of $6.84 billion and a price-to-earnings ratio of 18.54. The company has a 50 day moving average price of $71.01 and a 200 day moving average price of $74.59.
Westinghouse Air Brake Technologies Corp. (NYSE:WAB) last released its quarterly earnings results on Monday, July 25th. The company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by $0.03. The business earned $724 million during the quarter, compared to analyst estimates of $806.48 million. Westinghouse Air Brake Technologies Corp.’s revenue was down 14.6% compared to the same quarter last year. During the same period last year, the firm earned $1.04 earnings per share. Equities research analysts anticipate that Westinghouse Air Brake Technologies Corp. will post $4.13 EPS for the current fiscal year.
Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a provider of technology-based equipment and services for the global rail industry. The Company primarily serves the freight rail and passenger transit industries. The Company provides its products and services through two principal business segments: the Freight Segment and the Transit Segment.
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