Westinghouse Air Brake Technologies Corporation (NYSE:WAB)‘s stock had its “buy” rating reissued by investment analysts at KeyCorp in a research report issued to clients and investors on Sunday. They presently have a $100.00 target price on the transportation company’s stock. KeyCorp’s price objective points to a potential upside of 38.22% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. FBR & Co cut their price target on 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. Edward Jones downgraded Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Buckingham Research assumed 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 on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $74.00 price target on shares of Westinghouse Air Brake Technologies Corporation in a research report on Tuesday, September 12th. Finally, BidaskClub raised Westinghouse Air Brake Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Westinghouse Air Brake Technologies Corporation presently has an average rating of “Hold” and a consensus target price of $90.78.

Westinghouse Air Brake Technologies Corporation (NYSE WAB) opened at 72.35 on Friday. The stock has a market capitalization of $6.94 billion, a P/E ratio of 25.46 and a beta of 1.05. The company’s 50-day moving average price is $71.91 and its 200 day moving average price is $80.11. Westinghouse Air Brake Technologies Corporation has a 52-week low of $69.20 and a 52-week high of $93.81.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last announced its quarterly 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 company had revenue of $932.25 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 28.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 earnings per share. On average, equities research analysts predict that Westinghouse Air Brake Technologies Corporation will post $3.52 earnings per share for the current fiscal year.

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

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