Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has been given an average recommendation of “Hold” by the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $89.14.

A number of equities analysts recently commented on the stock. BidaskClub lowered shares of Westinghouse Air Brake Technologies Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. FBR & Co reiterated a “marketperform” rating on shares of Westinghouse Air Brake Technologies Corporation in a research note on Tuesday, July 11th. Deutsche Bank AG set a $85.00 price objective on shares of Westinghouse Air Brake Technologies Corporation and gave the stock a “hold” rating in a research note on Monday, August 14th. Stifel Nicolaus reiterated a “hold” rating and set a $74.00 price objective on shares of Westinghouse Air Brake Technologies Corporation in a research note on Friday, July 28th. Finally, Edward Jones downgraded shares of Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th.

A number of large investors have recently bought and sold shares of the stock. Hikari Tsushin Inc. boosted its position in Westinghouse Air Brake Technologies Corporation by 99.1% during the 2nd quarter. Hikari Tsushin Inc. now owns 22,100 shares of the transportation company’s stock worth $2,022,000 after buying an additional 11,000 shares during the period. Lord Abbett & CO. LLC boosted its position in Westinghouse Air Brake Technologies Corporation by 15.7% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,218,217 shares of the transportation company’s stock worth $111,467,000 after buying an additional 165,735 shares during the period. Tandem Investment Advisors Inc. boosted its position in Westinghouse Air Brake Technologies Corporation by 0.7% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 68,342 shares of the transportation company’s stock worth $6,253,000 after buying an additional 474 shares during the period. Kingfisher Capital LLC boosted its position in 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 buying an additional 392 shares during the period. Finally, Sterling Capital Management LLC boosted its position in Westinghouse Air Brake Technologies Corporation by 43.6% during the 2nd quarter. Sterling Capital Management LLC now owns 40,153 shares of the transportation company’s stock worth $3,674,000 after buying an additional 12,184 shares during the period.

Shares of Westinghouse Air Brake Technologies Corporation (WAB) traded down 0.39% during mid-day trading on Wednesday, hitting $76.13. 832,120 shares of the stock traded hands. Westinghouse Air Brake Technologies Corporation has a one year low of $69.20 and a one year high of $93.81. The firm has a market capitalization of $7.31 billion, a P/E ratio of 26.79 and a beta of 1.06. The company’s 50 day moving average is $72.68 and its 200 day moving average is $79.81.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last released its quarterly earnings results 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 business had revenue of $932.25 million for the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the business posted $1.00 earnings per share. Westinghouse Air Brake Technologies Corporation’s revenue was up 28.8% compared to the same quarter last year. On average, equities analysts expect that Westinghouse Air Brake Technologies Corporation will post $3.52 EPS 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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