Press coverage about Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Westinghouse Air Brake Technologies Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the transportation company an impact score of 46.8472596223148 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several research firms have recently issued reports on WAB. Buckingham Research began coverage on Westinghouse Air Brake Technologies Corporation in a report on Wednesday, June 21st. They set a “buy” rating and a $104.00 price objective on the stock. FBR & Co decreased their price objective on Westinghouse Air Brake Technologies Corporation from $100.00 to $85.00 and set a “market perform” rating on the stock in a report on Wednesday, July 26th. Edward Jones cut Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Zacks Investment Research cut Westinghouse Air Brake Technologies Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Finally, Wolfe Research cut Westinghouse Air Brake Technologies Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 26th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $92.63.

Shares of Westinghouse Air Brake Technologies Corporation (WAB) traded up 0.75% on Friday, hitting $72.81. The company had a trading volume of 1,066,628 shares. The company has a 50 day moving average of $84.12 and a 200-day moving average of $82.70. Westinghouse Air Brake Technologies Corporation has a 12-month low of $71.00 and a 12-month high of $93.81. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 25.62 and a beta of 1.03.

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

In other 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 transaction, the director now directly owns 24,905 shares in the company, valued at approximately $1,995,139.55. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 11.69% of the company’s stock.

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Westinghouse Air Brake Technologies Corporation 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.

Insider Buying and Selling by Quarter for Westinghouse Air Brake Technologies Corporation (NYSE:WAB)

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