Wabtec (NYSE:WAB – Get Free Report) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from $300.00 to $315.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 4.23% from the stock’s current price.
WAB has been the subject of several other research reports. Rothschild & Co Redburn upgraded Wabtec from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $262.00 to $285.00 in a research report on Thursday, March 26th. Wells Fargo & Company boosted their target price on shares of Wabtec from $284.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Thursday. Susquehanna upped their price target on shares of Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research note on Thursday. Jefferies Financial Group reiterated a “buy” rating and issued a $290.00 price target (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. Finally, Wolfe Research reiterated an “outperform” rating and issued a $303.00 price objective on shares of Wabtec in a research note on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Wabtec presently has a consensus rating of “Moderate Buy” and an average price target of $310.64.
Get Our Latest Stock Report on Wabtec
Wabtec Stock Performance
Wabtec (NYSE:WAB – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.60 by $0.16. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period last year, the firm earned $2.27 EPS. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Research analysts expect that Wabtec will post 10.82 EPS for the current year.
Insider Transactions at Wabtec
In other news, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $262.07, for a total transaction of $304,787.41. Following the completion of the sale, the chief executive officer directly owned 122,914 shares in the company, valued at $32,212,071.98. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $263.50, for a total transaction of $285,107.00. Following the completion of the transaction, the insider directly owned 11,985 shares of the company’s stock, valued at approximately $3,158,047.50. This represents a 8.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 5,734 shares of company stock valued at $1,504,571. Insiders own 0.57% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Meeder Advisory Services Inc. lifted its stake in shares of Wabtec by 1.6% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company’s stock worth $618,000 after purchasing an additional 38 shares during the period. Hilltop Holdings Inc. boosted its holdings in shares of Wabtec by 3.9% during the fourth quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock worth $228,000 after purchasing an additional 40 shares during the last quarter. Apollon Wealth Management LLC grew its position in shares of Wabtec by 1.6% in the first quarter. Apollon Wealth Management LLC now owns 3,081 shares of the transportation company’s stock valued at $770,000 after purchasing an additional 48 shares during the period. IHT Wealth Management LLC grew its position in shares of Wabtec by 1.0% in the fourth quarter. IHT Wealth Management LLC now owns 4,856 shares of the transportation company’s stock valued at $1,037,000 after purchasing an additional 50 shares during the period. Finally, Carnegie Investment Counsel increased its stake in Wabtec by 2.5% in the fourth quarter. Carnegie Investment Counsel now owns 2,051 shares of the transportation company’s stock valued at $438,000 after purchasing an additional 51 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.
Key Stories Impacting Wabtec
Here are the key news stories impacting Wabtec this week:
- Positive Sentiment: Wabtec beat Q2 expectations with EPS of $2.76 on revenue of $3.18 billion, and management lifted FY2026 guidance to $10.60-$10.90 in adjusted EPS, reinforcing the company’s earnings momentum. Wabtec Shares Rise After 2Q Earnings Beat Estimates
- Positive Sentiment: Analysts turned more constructive after results, with JPMorgan, Wells Fargo, Stephens, KeyCorp, and Susquehanna all raising price targets, while several firms reiterated overweight/positive views. These Analysts Raise Their Forecasts On Wabtec After Upbeat Q2 Results
- Positive Sentiment: Multiple technical commentary pieces pointed to bullish momentum, including a golden cross signal and a move above the 50-day moving average, which can attract momentum investors. Westinghouse Air Brake Technologies (WAB) Just Flashed Golden Cross Signal: Do You Buy?
- Positive Sentiment: Wabtec also announced a reported $1 billion deal with an Australian company during earnings, adding to optimism around future growth opportunities. Wabtec CEO unveils $1B deal with Australian company during earnings
- Neutral Sentiment: Commentary highlighted Wabtec as a strong momentum stock and noted a new 52-week high, but these were largely follow-up pieces reflecting the post-earnings rally rather than new fundamental catalysts. Westinghouse Air Brake Technologies (WAB) is a Great Momentum Stock: Should You Buy?
About Wabtec
Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec’s business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.
Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.
Recommended Stories
- Five stocks we like better than Wabtec
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Receive News & Ratings for Wabtec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabtec and related companies with MarketBeat.com's FREE daily email newsletter.
