Shares of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) have received a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the stock, MarketBeat 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 1-year price objective among brokerages that have covered the stock in the last year is $87.88.

Several equities research analysts recently weighed in on the stock. Seaport Global Securities assumed coverage on shares of Westinghouse Air Brake Technologies in a research note on Thursday, January 4th. They issued a “buy” rating and a $90.00 target price for the company. Zacks Investment Research raised shares of Westinghouse Air Brake Technologies from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Cowen began coverage on shares of Westinghouse Air Brake Technologies in a research report on Wednesday, December 13th. They issued an “outperform” rating and a $90.00 price target for the company. B. Riley reissued a “neutral” rating on shares of Westinghouse Air Brake Technologies in a research report on Wednesday, November 1st. Finally, Buckingham Research dropped their price target on shares of Westinghouse Air Brake Technologies from $100.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, October 25th.

Shares of Westinghouse Air Brake Technologies (NYSE WAB) opened at $85.20 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.55 and a quick ratio of 1.03. Westinghouse Air Brake Technologies has a one year low of $69.20 and a one year high of $93.81. The firm has a market cap of $8,180.00, a PE ratio of 32.40, a P/E/G ratio of 1.75 and a beta of 1.08.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its earnings results on Tuesday, October 24th. The transportation company reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.04. Westinghouse Air Brake Technologies had a net margin of 7.04% and a return on equity of 11.85%. The business had revenue of $957.93 million during the quarter, compared to analysts’ expectations of $947.18 million. During the same quarter last year, the company earned $0.94 earnings per share. The firm’s revenue was up 41.8% on a year-over-year basis. research analysts forecast that Westinghouse Air Brake Technologies will post 3.48 EPS for the current year.

In related news, Director Robert J. Brooks sold 3,500 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $77.66, for a total value of $271,810.00. Following the completion of the transaction, the director now owns 84,221 shares of the company’s stock, valued at $6,540,602.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David L. Deninno sold 1,917 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $76.10, for a total transaction of $145,883.70. Following the sale, the vice president now directly owns 56,131 shares of the company’s stock, valued at approximately $4,271,569.10. The disclosure for this sale can be found here. Corporate insiders own 11.69% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of WAB. Fieldpoint Private Securities LLC increased its holdings in shares of Westinghouse Air Brake Technologies by 49.4% during the third quarter. Fieldpoint Private Securities LLC now owns 2,390 shares of the transportation company’s stock worth $181,000 after buying an additional 790 shares in the last quarter. Windward Capital Management Co. CA acquired a new stake in shares of Westinghouse Air Brake Technologies during the fourth quarter worth approximately $219,000. Tredje AP fonden increased its holdings in shares of Westinghouse Air Brake Technologies by 15.7% during the second quarter. Tredje AP fonden now owns 2,720 shares of the transportation company’s stock worth $249,000 after buying an additional 370 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Westinghouse Air Brake Technologies by 873.0% during the third quarter. Pacer Advisors Inc. now owns 15,860 shares of the transportation company’s stock worth $1,201,000 after buying an additional 14,230 shares in the last quarter. Finally, Kingfisher Capital LLC increased its holdings in shares of Westinghouse Air Brake Technologies by 3.0% during the second 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 in the last quarter.

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About Westinghouse Air Brake Technologies

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 (NYSE:WAB)

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