Westinghouse Air Brake Technologies Corporation (NYSE:WAB) hit a new 52-week low during trading on Wednesday . The stock traded as low as $69.66 and last traded at $69.64, with a volume of 753,387 shares changing hands. The stock had previously closed at $72.14.

Several equities research analysts have commented on the stock. Edward Jones downgraded shares of Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. FBR & Co reduced their price target on shares of Westinghouse Air Brake Technologies Corporation from $100.00 to $85.00 and set a “market perform” rating for the company in a report on Wednesday, July 26th. Buckingham Research assumed coverage on shares of Westinghouse Air Brake Technologies Corporation in a report on Wednesday, June 21st. They issued a “buy” rating and a $104.00 price target for the company. BidaskClub upgraded shares of Westinghouse Air Brake Technologies Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, Zacks Investment Research upgraded shares of Westinghouse Air Brake Technologies Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $92.00.

The stock has a market capitalization of $6.69 billion, a PE ratio of 24.52 and a beta of 1.05. The company’s 50 day moving average price is $74.80 and its 200 day moving average price is $80.64.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last issued its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.14. The company had revenue of $932.25 million during the quarter, compared to analysts’ expectations of $1 billion. Westinghouse Air Brake Technologies Corporation had a return on equity of 13.07% and a net margin of 8.10%. Westinghouse Air Brake Technologies Corporation’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same period last year, the firm posted $1.00 earnings per share. On average, equities analysts expect that Westinghouse Air Brake Technologies Corporation will post $3.52 EPS for the current year.

Large investors have recently modified their holdings of the stock. IFP Advisors Inc boosted its holdings in shares of Westinghouse Air Brake Technologies Corporation by 15.2% in the 2nd quarter. IFP Advisors Inc now owns 1,913 shares of the transportation company’s stock worth $175,000 after buying an additional 252 shares during the last quarter. Tredje AP fonden bought a new stake in Westinghouse Air Brake Technologies Corporation in the 1st quarter valued at about $183,000. Moody Lynn & Lieberson LLC bought a new stake in Westinghouse Air Brake Technologies Corporation in the 2nd quarter valued at about $520,000. Buffington Mohr McNeal raised its stake in Westinghouse Air Brake Technologies Corporation by 1.9% in the 2nd quarter. Buffington Mohr McNeal now owns 10,165 shares of the transportation company’s stock valued at $930,000 after acquiring an additional 185 shares during the period. Finally, Kingfisher Capital LLC raised its stake in Westinghouse Air Brake Technologies Corporation by 3.0% in the 2nd quarter. Kingfisher Capital LLC now owns 13,580 shares of the transportation company’s stock valued at $1,243,000 after acquiring an additional 392 shares during the period.

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About Westinghouse Air Brake Technologies Corporation

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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