Several brokerages have updated their recommendations and price targets on shares of Westinghouse Air Brake Technologies Corporation (NYSE: WAB) in the last few weeks:

  • 7/28/2017 – Westinghouse Air Brake Technologies Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $74.00 price target on the stock.
  • 7/26/2017 – Westinghouse Air Brake Technologies Corporation had its price target lowered by analysts at FBR & Co from $100.00 to $85.00. They now have a “market perform” rating on the stock.
  • 7/26/2017 – Westinghouse Air Brake Technologies Corporation was downgraded by analysts at Edward Jones from a “buy” rating to a “hold” rating.
  • 7/25/2017 – Westinghouse Air Brake Technologies Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/19/2017 – Westinghouse Air Brake Technologies Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/17/2017 – Westinghouse Air Brake Technologies Corporation was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $92.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/13/2017 – Westinghouse Air Brake Technologies Corporation was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating. They now have a $90.00 price target on the stock.
  • 7/13/2017 – Westinghouse Air Brake Technologies Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Wabtec Corporation is one of North America’s largest providers of value-added, technology-based products and services for the rail industry. Through its subsidiaries, the company manufactures a full range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new locomotives up to 4,000 horsepower and provides aftermarket services, including locomotive and freight car fleet maintenance. (PRESS RELEASE) “
  • 7/11/2017 – Westinghouse Air Brake Technologies Corporation had its “marketperform” rating reaffirmed by analysts at FBR & Co.
  • 7/5/2017 – Westinghouse Air Brake Technologies Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/28/2017 – Westinghouse Air Brake Technologies Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Wabtec Corporation is one of North America’s largest providers of value-added, technology-based products and services for the rail industry. Through its subsidiaries, the company manufactures a full range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new locomotives up to 4,000 horsepower and provides aftermarket services, including locomotive and freight car fleet maintenance. (PRESS RELEASE) “
  • 6/21/2017 – Westinghouse Air Brake Technologies Corporation is now covered by analysts at Buckingham Research. They set a “buy” rating and a $104.00 price target on the stock.
  • 6/20/2017 – Westinghouse Air Brake Technologies Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Westinghouse Air Brake Technologies Corporation (NYSE WAB) opened at 72.27 on Friday. The company’s 50-day moving average is $84.12 and its 200 day moving average is $82.70. The firm has a market cap of $6.94 billion, a PE ratio of 25.43 and a beta of 1.03. Westinghouse Air Brake Technologies Corporation has a one year low of $71.00 and a one year high of $93.81.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last announced its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.14. The business had revenue of $932.25 million for the quarter, compared to the consensus estimate of $1 billion. Westinghouse Air Brake Technologies Corporation had a net margin of 8.10% and a return on equity of 13.07%. The business’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 EPS. Equities analysts anticipate that Westinghouse Air Brake Technologies Corporation will post $3.57 earnings per share for the current year.

In other Westinghouse Air Brake Technologies Corporation news, Director Brian Hehir sold 2,234 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $80.11, for a total transaction of $178,965.74. Following the completion of the sale, the director now owns 24,905 shares in the company, valued at approximately $1,995,139.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.69% of the company’s stock.

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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