Stifel Nicolaus reissued their hold rating on shares of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) in a research note published on Tuesday morning. Stifel Nicolaus currently has a $74.00 price objective on the transportation company’s stock.

Several other brokerages have also recently commented on WAB. BidaskClub cut Westinghouse Air Brake Technologies Corporation from a sell rating to a strong sell rating in a research report on Thursday, August 17th. Berenberg Bank initiated coverage on Westinghouse Air Brake Technologies Corporation in a research report on Thursday, September 7th. They set a hold rating and a $81.00 price target for the company. FBR & Co dropped their price target on Westinghouse Air Brake Technologies Corporation from $100.00 to $85.00 and set a market perform rating for the company in a research report on Wednesday, July 26th. Zacks Investment Research upgraded Westinghouse Air Brake Technologies Corporation from a sell rating to a hold rating in a research report on Thursday, July 13th. Finally, Buckingham Research initiated coverage on Westinghouse Air Brake Technologies Corporation in a research report on Wednesday, June 21st. They set a buy rating and a $104.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $90.78.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) opened at 71.43 on Tuesday. The company has a 50 day moving average of $72.00 and a 200-day moving average of $80.17. Westinghouse Air Brake Technologies Corporation has a 12-month low of $69.20 and a 12-month high of $93.81. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 25.13 and a beta of 1.05.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last issued its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ 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 firm’s revenue for the quarter was up 28.8% compared to the same quarter last year. On average, equities research analysts forecast that Westinghouse Air Brake Technologies Corporation will post $3.52 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This story was published by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.dailypolitical.com/2017/09/15/westinghouse-air-brake-technologies-corporation-wab-earns-hold-rating-from-stifel-nicolaus.html.

Large investors have recently modified their holdings of the business. Karp Capital Management Corp purchased a new stake in Westinghouse Air Brake Technologies Corporation in the 1st quarter valued at $2,928,000. Hikari Power Ltd grew its holdings in Westinghouse Air Brake Technologies Corporation by 622.4% in the 2nd quarter. Hikari Power Ltd now owns 171,200 shares of the transportation company’s stock valued at $15,665,000 after buying an additional 147,500 shares in the last quarter. Aperio Group LLC grew its holdings in Westinghouse Air Brake Technologies Corporation by 7.7% in the 2nd quarter. Aperio Group LLC now owns 40,411 shares of the transportation company’s stock valued at $3,698,000 after buying an additional 2,877 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Westinghouse Air Brake Technologies Corporation by 64.4% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 623,437 shares of the transportation company’s stock valued at $57,044,000 after buying an additional 244,119 shares in the last quarter. Finally, Commonwealth Bank of Australia grew its holdings in Westinghouse Air Brake Technologies Corporation by 15.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 168,495 shares of the transportation company’s stock valued at $15,416,000 after buying an additional 22,988 shares in the last quarter.

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.

Analyst Recommendations for Westinghouse Air Brake Technologies Corporation (NYSE:WAB)

Receive News & Ratings for Westinghouse Air Brake Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westinghouse Air Brake Technologies Corporation and related companies with MarketBeat.com's FREE daily email newsletter.