KeyCorp Forecasts Strong Price Appreciation for Wabtec (NYSE:WAB) Stock

Wabtec (NYSE:WAB) had its target price raised by stock analysts at KeyCorp from $308.00 to $340.00 in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The firm presently has an “overweight” rating on the transportation company’s stock. KeyCorp’s target price indicates a potential upside of 12.50% from the stock’s previous close.

Several other equities analysts have also issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and set a $290.00 price objective (down from $300.00) on shares of Wabtec in a report on Tuesday, March 31st. Morgan Stanley increased their target price on Wabtec from $318.00 to $355.00 and gave the company an “overweight” rating in a research report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a report on Friday, July 17th. JPMorgan Chase & Co. boosted their price target on Wabtec from $290.00 to $300.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Finally, Wells Fargo & Company upped their price objective on Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $310.64.

Wabtec Stock Up 1.4%

Shares of Wabtec stock opened at $302.22 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.54. The stock has a market cap of $51.05 billion, a price-to-earnings ratio of 40.62, a PEG ratio of 2.03 and a beta of 0.94. The firm’s 50-day moving average is $265.80 and its two-hundred day moving average is $255.16. Wabtec has a 1 year low of $184.26 and a 1 year high of $302.96.

Wabtec (NYSE:WAB) 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 net margin of 10.59% and a return on equity of 15.10%. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the business posted $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. As a group, research analysts expect that Wabtec will post 10.82 earnings per share for the current fiscal year.

Insider Buying and Selling at Wabtec

In other Wabtec news, insider Sameer Gaur sold 1,082 shares of Wabtec stock in a transaction on Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the transaction, the insider directly owned 11,985 shares of the company’s stock, valued at approximately $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rafael Santana sold 1,163 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $261.06, for a total value of $303,612.78. Following the sale, the chief executive officer owned 124,077 shares of the company’s stock, valued at approximately $32,391,541.62. This represents a 0.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,734 shares of company stock worth $1,504,571 over the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Wabtec

Several institutional investors have recently added to or reduced their stakes in WAB. Tema ETFs LLC grew its stake in shares of Wabtec by 9.3% during the second quarter. Tema ETFs LLC now owns 8,533 shares of the transportation company’s stock worth $2,300,000 after acquiring an additional 725 shares during the last quarter. Valeo Financial Advisors LLC raised its position in shares of Wabtec by 9.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,901 shares of the transportation company’s stock valued at $513,000 after purchasing an additional 159 shares during the last quarter. Czech National Bank raised its position in shares of Wabtec by 4.0% in the 2nd quarter. Czech National Bank now owns 48,297 shares of the transportation company’s stock valued at $13,021,000 after purchasing an additional 1,857 shares during the last quarter. Bill Few Associates Inc. boosted its stake in Wabtec by 15.5% in the 2nd quarter. Bill Few Associates Inc. now owns 2,725 shares of the transportation company’s stock worth $735,000 after purchasing an additional 365 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Wabtec by 5.7% during the 2nd quarter. GAMMA Investing LLC now owns 5,160 shares of the transportation company’s stock worth $1,391,000 after purchasing an additional 280 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

More Wabtec News

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?

Wabtec Company Profile

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.