The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last traded at $103.59, up 1.82% from the previous session.
Data from the available sources indicates that Westinghouse Air Brake Technologies Corporation (NYSE:WAB) is covered by 15 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $121.00 and a low of $95.00, we find $109.50. Given the previous closing price of $101.74, this indicates a potential upside of 7.63 percent. WAB stock price is now 3.95% away from the 50-day moving average and 13.22% away from the 200-day moving average. The market capitalization of the company currently stands at $18.53B.
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In total, 5 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $107.42 as their price target over the next twelve months.
With the price target of $103, Raymond James recently initiated with Outperform rating for Westinghouse Air Brake Technologies Corporation (NYSE: WAB). On June 23, 2022, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $113 to quote $94, while ‘Atlantic Equities’ rates the stock as ‘Overweight’.
In other news, DeNinno David L, Exec VP, General Counsel, Sec. sold 5,000 shares of the company’s stock on Nov 22. The stock was sold for $498,372 at an average price of $99.67. Upon completion of the transaction, the Exec VP, General Counsel, Sec. now directly owns 66,250 shares in the company, valued at $6.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15, Pres., Freight Components Grp. Fetsko Michael sold 11,624 shares of the business’s stock. A total of $1,162,514 was realized by selling the stock at an average price of $100.01. This leaves the insider owning 37,120 shares of the company worth $3.85 million. Insiders disposed of 219,033 shares of company stock worth roughly $22.69 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WAB stock. A new stake in Westinghouse Air Brake Technologies Corporation shares was purchased by COVEA FINANCE during the first quarter worth $31,694,000. SCOPUS ASSET MANAGEMENT, L.P. invested $17,901,000 in shares of WAB during the first quarter. In the first quarter, MAKENA CAPITAL MANAGEMENT LLC acquired a new stake in Westinghouse Air Brake Technologies Corporation valued at approximately $15,365,000. ADAGE CAPITAL PARTNERS GP, L.L.C. acquired a new stake in WAB for approximately $10,734,000. SILVANT CAPITAL MANAGEMENT LLC purchased a new stake in WAB valued at around $8,605,000 in the second quarter. In total, there are 1,067 active investors with 94.70% ownership of the company’s stock.
With an opening price of $102.44 on Thursday morning, Westinghouse Air Brake Technologies Corporation (NYSE: WAB) set off the trading day. During the past 12 months, Westinghouse Air Brake Technologies Corporation has had a low of $78.26 and a high of $105.51. As of last week, the company has a debt-to-equity ratio of 0.41, a current ratio of 1.30, and a quick ratio of 0.70. The fifty day moving average price for WAB is $99.86 and a two-hundred day moving average price translates $91.52 for the stock.
The latest earnings results from Westinghouse Air Brake Technologies Corporation (NYSE: WAB) was released for Jun, 2022. According to the Railroads Company, earnings per share came in at $1.23, beating analysts’ expectations of $1.22 by 0.01. This compares to $0.70 EPS in the same period last year. The net profit margin was 8.10% and return on equity was 6.60% for WAB. The company reported revenue of $2.08 billion for the quarter, compared to $1.91 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.12 percent. For the current quarter, analysts expect WAB to generate $2.13B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/28/2022. Investors who held shares on 11/14/2022 were paid a $0.15 dividend. On an annualized basis, this represents a $0.60 dividend and a 0.58% percent yield. There was an ex-dividend date of 11/11/2022 for this dividend. In terms of dividend payout ratio, WAB is presently at 15.80%.
Westinghouse Air Brake Technologies Corporation(WAB) Company Profile
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. It serves publicly traded railroads; leasing companies; manufacturers of original equipment, including locomotives and freight cars; and utilities. The Transit segment manufactures and services components for new and existing passenger transit vehicles, such as regional trains, high speed trains, subway cars, light-rail vehicles, and buses; refurbishes subway cars; and provides heating, ventilation, and air conditioning equipment, as well as doors for buses and subways. This segment serves public transit authorities and municipalities, leasing companies, and manufacturers of subway cars and buses. It also provides electronically controlled pneumatic braking products; railway electronics; freight car trucks; draft gears, couplers, and slack adjusters; air compressors and dryers; heat exchangers and cooling products; and track and switch products. In addition, the company offers railway braking equipment and related components; friction products; new switcher locomotives; transit locomotive and car overhaul services; and freight locomotive overhaul, modernizations, and refurbishment services. Further, it provides platform screen doors; pantographs; window assemblies; couplers; accessibility lifts and ramps for buses and subway cars; and traction motors. The company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.
