Stifel Nicolaus reiterated their hold rating on shares of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) in a report issued on Friday, July 28th. The brokerage currently has a $74.00 price target on the transportation company’s stock.
A number of other research firms have also recently commented on WAB. BidaskClub cut shares of Westinghouse Air Brake Technologies Corporation from a buy rating to a hold rating in a research note on Tuesday, July 25th. FBR & Co decreased their target price on shares of Westinghouse Air Brake Technologies Corporation from $100.00 to $85.00 and set a market perform rating on the stock in a report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Westinghouse Air Brake Technologies Corporation from a sell rating to a hold rating in a report on Thursday, July 13th. Buckingham Research began coverage on shares of Westinghouse Air Brake Technologies Corporation in a report on Wednesday, June 21st. They issued a buy rating and a $104.00 price objective on the stock. Finally, Wolfe Research lowered shares of Westinghouse Air Brake Technologies Corporation from an outperform rating to a market perform rating in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $92.00.
Shares of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) traded down 0.67% during midday trading on Friday, hitting $71.69. The company had a trading volume of 43,706 shares. Westinghouse Air Brake Technologies Corporation has a 52 week low of $71.03 and a 52 week high of $93.81. The firm’s 50 day moving average is $82.25 and its 200 day moving average is $82.24. The company has a market capitalization of $6.88 billion, a P/E ratio of 25.23 and a beta of 1.03.
Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last released its 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. The company had revenue of $932.25 million for the quarter, compared to analysts’ expectations of $1 billion. Westinghouse Air Brake Technologies Corporation had a return on equity of 13.07% and a net margin of 8.10%. The firm’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 EPS. Equities research analysts anticipate that Westinghouse Air Brake Technologies Corporation will post $3.52 EPS for the current year.
ILLEGAL ACTIVITY WARNING: “Westinghouse Air Brake Technologies Corporation’s (NYSE:WAB) Hold Rating Reiterated at Stifel Nicolaus” was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://stocknewstimes.com/2017/08/17/westinghouse-air-brake-technologies-corporation-nysewab-rating-reiterated-by-stifel-nicolaus-updated-updated.html.
A number of hedge funds have recently modified their holdings of the company. Champlain Investment Partners LLC boosted its stake in shares of Westinghouse Air Brake Technologies Corporation by 55.7% in the first quarter. Champlain Investment Partners LLC now owns 884,975 shares of the transportation company’s stock worth $69,028,000 after buying an additional 316,720 shares in the last quarter. Capital Counsel LLC NY boosted its stake in Westinghouse Air Brake Technologies Corporation by 1.6% in the second quarter. Capital Counsel LLC NY now owns 869,836 shares of the transportation company’s stock valued at $79,590,000 after buying an additional 13,918 shares during the period. Williams Jones & Associates LLC boosted its stake in Westinghouse Air Brake Technologies Corporation by 0.7% in the second quarter. Williams Jones & Associates LLC now owns 634,323 shares of the transportation company’s stock valued at $58,041,000 after buying an additional 4,275 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Westinghouse Air Brake Technologies Corporation by 64.4% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 623,437 shares of the transportation company’s stock valued at $57,044,000 after buying an additional 244,119 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Westinghouse Air Brake Technologies Corporation by 141.8% in the first quarter. Russell Investments Group Ltd. now owns 463,107 shares of the transportation company’s stock valued at $36,123,000 after buying an additional 271,617 shares during the period.
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.
Receive News & Ratings for Westinghouse Air Brake Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westinghouse Air Brake Technologies Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
