Shares of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) have been given a consensus recommendation of “Hold” by the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $90.13.

Several brokerages have recently weighed in on WAB. Edward Jones downgraded 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 on the stock in a research report on Wednesday, July 26th. Buckingham Research assumed coverage on shares of Westinghouse Air Brake Technologies Corporation in a research report on Wednesday, June 21st. They set a “buy” rating and a $104.00 price target on the stock. BidaskClub raised shares of Westinghouse Air Brake Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Zacks Investment Research raised shares of Westinghouse Air Brake Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th.

A number of hedge funds and other institutional investors have recently modified their holdings of WAB. Karp Capital Management Corp bought a new position in Westinghouse Air Brake Technologies Corporation in the first quarter worth about $2,928,000. SG Americas Securities LLC lifted its holdings in Westinghouse Air Brake Technologies Corporation by 40.2% in the first quarter. SG Americas Securities LLC now owns 36,995 shares of the transportation company’s stock worth $2,886,000 after acquiring an additional 10,607 shares during the last quarter. Tredje AP fonden bought a new position in Westinghouse Air Brake Technologies Corporation in the first quarter worth about $183,000. Azimuth Capital Management LLC bought a new position in Westinghouse Air Brake Technologies Corporation in the first quarter worth about $3,283,000. Finally, Champlain Investment Partners LLC lifted its holdings in 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 acquiring an additional 316,720 shares during the last quarter.

Shares of Westinghouse Air Brake Technologies Corporation (WAB) traded up 0.06% during mid-day trading on Friday, reaching $70.28. The company’s stock had a trading volume of 620,148 shares. Westinghouse Air Brake Technologies Corporation has a 52 week low of $69.20 and a 52 week high of $93.81. The firm has a market capitalization of $6.75 billion, a PE ratio of 24.73 and a beta of 1.05. The firm has a 50-day moving average of $73.15 and a 200-day moving average of $80.41.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last announced its earnings results 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. The business had revenue of $932.25 million for the quarter, compared to analyst estimates of $1 billion. Westinghouse Air Brake Technologies Corporation had a net margin of 8.10% and a return on equity of 13.07%. The firm’s revenue was up 28.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 earnings per share. Equities research analysts forecast that Westinghouse Air Brake Technologies Corporation will post $3.52 earnings per share for the current fiscal year.

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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.

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

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