Westinghouse Air Brake Technologies Corp (NYSE:WAB) has received a consensus rating of “Buy” from the fourteen research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $107.56.

Several research analysts recently issued reports on WAB shares. Wells Fargo & Co set a $105.00 price target on shares of Westinghouse Air Brake Technologies and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Zacks Investment Research reiterated a “sell” rating on shares of Westinghouse Air Brake Technologies in a research report on Saturday, November 17th. ValuEngine upgraded shares of Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Stifel Nicolaus set a $110.00 price target on shares of Westinghouse Air Brake Technologies and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Finally, Wellington Shields upgraded shares of Westinghouse Air Brake Technologies from a “hold” rating to a “gradually accumulate” rating in a research report on Monday, October 15th.

NYSE WAB traded down $3.72 on Tuesday, hitting $84.61. 998,212 shares of the company were exchanged, compared to its average volume of 800,418. The company has a market cap of $8.17 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 1.91 and a beta of 1.19. The company has a quick ratio of 2.28, a current ratio of 2.84 and a debt-to-equity ratio of 1.31. Westinghouse Air Brake Technologies has a 1-year low of $69.75 and a 1-year high of $115.40.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings results on Tuesday, October 30th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.95. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1 billion. Westinghouse Air Brake Technologies had a net margin of 7.16% and a return on equity of 12.43%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. On average, equities analysts expect that Westinghouse Air Brake Technologies will post 3.85 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 16th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.57%. Westinghouse Air Brake Technologies’s payout ratio is presently 13.99%.

A number of institutional investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC lifted its position in Westinghouse Air Brake Technologies by 0.9% during the 2nd quarter. MetLife Investment Advisors LLC now owns 53,862 shares of the transportation company’s stock valued at $5,310,000 after purchasing an additional 492 shares during the period. SG Americas Securities LLC raised its position in shares of Westinghouse Air Brake Technologies by 7.8% in the 2nd quarter. SG Americas Securities LLC now owns 15,388 shares of the transportation company’s stock valued at $1,517,000 after acquiring an additional 1,107 shares during the period. Smithfield Trust Co. raised its position in shares of Westinghouse Air Brake Technologies by 177.3% in the 3rd quarter. Smithfield Trust Co. now owns 2,080 shares of the transportation company’s stock valued at $218,000 after acquiring an additional 1,330 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at approximately $150,000. Finally, Windward Capital Management Co. CA raised its position in shares of Westinghouse Air Brake Technologies by 57.8% in the 3rd quarter. Windward Capital Management Co. CA now owns 4,167 shares of the transportation company’s stock valued at $437,000 after acquiring an additional 1,526 shares during the period. Institutional investors own 95.02% of the company’s stock.

Westinghouse Air Brake Technologies Company Profile

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. It operates in two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing locomotive and freight cars; supplies railway electronics and positive train control equipment; offers signal design and engineering services; builds switcher locomotives; rebuilds freight locomotives; and provides heat exchangers and cooling systems for rail and other industrial markets.

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

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