Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has been given an average recommendation of “Hold” by the thirteen analysts that are covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $91.43.

A number of equities analysts have commented on WAB shares. KeyCorp upgraded shares of Westinghouse Air Brake Technologies Corporation from a “sector weight” rating to an “overweight” rating and set a $100.00 price objective on the stock in a report on Tuesday, April 25th. Wolfe Research lowered shares of Westinghouse Air Brake Technologies Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 26th. Zacks Investment Research lowered shares of Westinghouse Air Brake Technologies Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Stifel Nicolaus boosted their price objective on shares of Westinghouse Air Brake Technologies Corporation from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Finally, BidaskClub upgraded shares of Westinghouse Air Brake Technologies Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th.

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Large investors have recently modified their holdings of the stock. Champlain Investment Partners LLC raised its stake in shares of Westinghouse Air Brake Technologies Corporation by 55.7% in the first quarter. Champlain Investment Partners LLC now owns 884,975 shares of the transportation company’s stock worth $69,028,000 after buying an additional 316,720 shares during the period. Capital Counsel LLC NY raised its stake in shares of Westinghouse Air Brake Technologies Corporation by 1.6% in the second quarter. Capital Counsel LLC NY now owns 869,836 shares of the transportation company’s stock worth $79,590,000 after buying an additional 13,918 shares during the period. Williams Jones & Associates LLC raised its stake in shares of Westinghouse Air Brake Technologies Corporation by 0.7% in the second quarter. Williams Jones & Associates LLC now owns 634,323 shares of the transportation company’s stock worth $58,041,000 after buying an additional 4,275 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Westinghouse Air Brake Technologies Corporation by 64.4% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 623,437 shares of the transportation company’s stock worth $57,044,000 after buying an additional 244,119 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Westinghouse Air Brake Technologies Corporation by 141.8% in the first quarter. Russell Investments Group Ltd. now owns 463,107 shares of the transportation company’s stock worth $36,123,000 after buying an additional 271,617 shares during the period.

Westinghouse Air Brake Technologies Corporation (NYSE WAB) traded down 0.39% during mid-day trading on Tuesday, reaching $71.72. The company’s stock had a trading volume of 839,068 shares. The stock has a market capitalization of $6.88 billion, a P/E ratio of 25.24 and a beta of 1.03. Westinghouse Air Brake Technologies Corporation has a 1-year low of $71.03 and a 1-year high of $93.81. The stock’s 50 day moving average price is $82.71 and its 200 day moving average price is $82.32.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last issued its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The business’s quarterly revenue was up 28.8% compared to the same quarter last year. Analysts expect that Westinghouse Air Brake Technologies Corporation will post $3.53 EPS for the current fiscal year.

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)

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