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

Wabtec (NYSE:WABGet Free Report) had its price target increased by analysts at Susquehanna from $305.00 to $340.00 in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective would indicate a potential upside of 12.50% from the company’s previous close.

A number of other research analysts have also weighed in on WAB. 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. Citigroup cut their price target on Wabtec from $313.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 13th. Jefferies Financial Group reiterated a “buy” rating and issued a $290.00 price target (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. KeyCorp boosted their price objective on Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Rothschild & Co Redburn raised 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 report on Thursday, March 26th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $310.64.

Get Our Latest Stock Report on WAB

Wabtec Price Performance

NYSE WAB opened at $302.22 on Thursday. The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The company has a market cap of $51.05 billion, a PE ratio of 40.62, a price-to-earnings-growth ratio of 2.03 and a beta of 0.94. Wabtec has a 52 week low of $184.26 and a 52 week high of $302.96. The firm’s 50-day simple moving average is $265.80 and its two-hundred day simple moving average is $255.16.

Wabtec (NYSE:WABGet Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.16. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Research analysts predict that Wabtec will post 10.82 earnings per share for the current year.

Insider Activity

In other news, insider Sameer Gaur sold 1,082 shares of Wabtec stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $263.50, for a total transaction of $285,107.00. Following the completion of the sale, the insider owned 11,985 shares in the company, valued at approximately $3,158,047.50. This trade represents a 8.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $261.06, for a total value of $303,612.78. Following the transaction, the chief executive officer directly owned 124,077 shares of the company’s stock, valued at $32,391,541.62. The trade was a 0.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 5,734 shares of company stock valued at $1,504,571. 0.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On Wabtec

Hedge funds have recently bought and sold shares of the stock. Meeder Advisory Services Inc. grew its stake in Wabtec by 1.6% in the 1st quarter. Meeder Advisory Services Inc. now owns 2,471 shares of the transportation company’s stock worth $618,000 after buying an additional 38 shares in the last quarter. Hilltop Holdings Inc. raised its position in shares of Wabtec by 3.9% during the 4th quarter. Hilltop Holdings Inc. now owns 1,069 shares of the transportation company’s stock valued at $228,000 after buying an additional 40 shares in the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of Wabtec by 1.6% during the 1st quarter. Apollon Wealth Management LLC now owns 3,081 shares of the transportation company’s stock worth $770,000 after acquiring an additional 48 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in shares of Wabtec by 1.0% during the 4th quarter. IHT Wealth Management LLC now owns 4,856 shares of the transportation company’s stock worth $1,037,000 after acquiring an additional 50 shares during the last quarter. Finally, Carnegie Investment Counsel grew its position in Wabtec by 2.5% in the fourth quarter. Carnegie Investment Counsel now owns 2,051 shares of the transportation company’s stock worth $438,000 after acquiring an additional 51 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Key Wabtec News

Here are the key news stories impacting Wabtec this week:

Wabtec Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Wabtec (NYSE:WAB)

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.