Westinghouse Air Brake Technologies Co. (NYSE:WAB) Receives Consensus Rating of "Moderate Buy" from Brokerages – MarketBeat

Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Westinghouse Air Brake Technologies Co. (NYSE:WAB – Get Rating) has earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $100.17.
Several analysts recently commented on WAB shares. Morgan Stanley upped their target price on Westinghouse Air Brake Technologies from $84.00 to $87.00 and gave the company an “equal weight” rating in a report on Monday, August 8th. Raymond James assumed coverage on Westinghouse Air Brake Technologies in a report on Thursday, August 18th. They issued an “outperform” rating and a $103.00 target price on the stock. Finally, Atlantic Securities assumed coverage on Westinghouse Air Brake Technologies in a report on Monday, May 23rd. They set an “overweight” rating and a $101.00 price target on the stock.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

A number of large investors have recently modified their holdings of WAB. Neuberger Berman Group LLC lifted its holdings in shares of Westinghouse Air Brake Technologies by 2,233.1% in the 1st quarter. Neuberger Berman Group LLC now owns 245,277 shares of the transportation company’s stock worth $23,589,000 after purchasing an additional 234,764 shares in the last quarter. Centre Asset Management LLC bought a new position in shares of Westinghouse Air Brake Technologies in the 1st quarter worth $4,353,000. Rhumbline Advisers lifted its holdings in shares of Westinghouse Air Brake Technologies by 12.1% in the 2nd quarter. Rhumbline Advisers now owns 316,576 shares of the transportation company’s stock worth $25,985,000 after purchasing an additional 34,084 shares in the last quarter. Forsta AP Fonden bought a new position in shares of Westinghouse Air Brake Technologies in the 2nd quarter worth $2,700,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Westinghouse Air Brake Technologies by 470.7% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 33,105 shares of the transportation company’s stock worth $3,127,000 after purchasing an additional 27,304 shares in the last quarter. 89.09% of the stock is currently owned by institutional investors.

Westinghouse Air Brake Technologies Stock Performance

Westinghouse Air Brake Technologies stock opened at $91.23 on Friday. The business has a 50 day moving average of $89.10 and a 200-day moving average of $89.97. Westinghouse Air Brake Technologies has a 1 year low of $78.26 and a 1 year high of $100.04. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.27 and a quick ratio of 0.67. The company has a market capitalization of $16.66 billion, a P/E ratio of 26.68, a P/E/G ratio of 1.39 and a beta of 1.52.
Westinghouse Air Brake Technologies (NYSE:WAB – Get Rating) last announced its earnings results on Friday, August 5th. The transportation company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.22 by $0.01. Westinghouse Air Brake Technologies had a return on equity of 8.57% and a net margin of 7.99%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the business posted $1.06 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis. On average, equities research analysts predict that Westinghouse Air Brake Technologies will post 4.89 earnings per share for the current year.

Westinghouse Air Brake Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 29th. Investors of record on Monday, August 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Friday, August 12th. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 17.54%.

Westinghouse Air Brake Technologies Company Profile

(Get Rating)
Westinghouse Air Brake Technologies Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new commuter locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems.

See Also

• Get a free copy of the StockNews.com research report on Westinghouse Air Brake Technologies (WAB)
• MarketBeat: Week in Review 9/5 – 9/9
• Prepare For A Record-Setting Quarter For Cyber Security Stocks
• The Auto Market Is Slowly Recovering, These Stocks May Outperform
• Is DocuSign On The Verge Of A Major Reversal?
• Oil and Gas Stocks: A Safe Way to Invest in Renewable Energy

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Westinghouse Air Brake Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Westinghouse Air Brake Technologies wasn’t on the list.
While Westinghouse Air Brake Technologies currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Michael Wang of Prometheus Alternative Investments discusses how individuals should approach their portfolios as the summer rally seems to have fizzled.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

source