Stifel Nicolaus Analysts Give Westinghouse Air Brake Technologies (WAB) a $110.00 Price Target

Stifel Nicolaus set a $110.00 target price on Westinghouse Air Brake Technologies (NYSE:WAB) in a research report report published on Wednesday. The firm currently has a buy rating on the transportation company’s stock.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Westinghouse Air Brake Technologies from a hold rating to a buy rating and set a $118.00 target price for the company in a research report on Tuesday, September 25th. William Blair restated a buy rating on shares of Westinghouse Air Brake Technologies in a research report on Monday, September 17th. Wolfe Research lowered shares of Westinghouse Air Brake Technologies from an outperform rating to a peer perform rating in a research report on Friday, October 5th. Wellington Shields upgraded shares of Westinghouse Air Brake Technologies from a hold rating to a gradually accumulate rating in a research report on Monday, October 15th. Finally, Cowen reiterated a buy rating and set a $125.00 price objective on shares of Westinghouse Air Brake Technologies in a research report on Tuesday, July 24th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $106.73.

Shares of NYSE:WAB traded up $0.25 during midday trading on Wednesday, reaching $85.15. 1,272,820 shares of the company were exchanged, compared to its average volume of 1,165,428. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 2.84. Westinghouse Air Brake Technologies has a one year low of $69.75 and a one year high of $115.40. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 1.92 and a beta of 1.17.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its earnings results on Tuesday, October 30th. The transportation company reported $0.95 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.95. Westinghouse Air Brake Technologies had a net margin of 7.16% and a return on equity of 12.43%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the business earned $0.88 earnings per share. Westinghouse Air Brake Technologies’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, research analysts predict that Westinghouse Air Brake Technologies will post 3.85 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $0.48 annualized dividend and a yield of 0.56%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 13.99%.

In other news, Director William E. Kassling sold 8,000 shares of the stock in a transaction on Monday, August 27th. The shares were sold at an average price of $109.27, for a total value of $874,160.00. Following the sale, the director now owns 81,444 shares of the company’s stock, valued at $8,899,385.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP David L. Deninno sold 6,000 shares of the stock in a transaction on Monday, August 6th. The shares were sold at an average price of $113.44, for a total transaction of $680,640.00. Following the completion of the sale, the vice president now directly owns 59,888 shares in the company, valued at approximately $6,793,694.72. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock valued at $5,562,320 in the last quarter. 11.49% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Westinghouse Air Brake Technologies by 2.6% in the first quarter. Principal Financial Group Inc. now owns 366,391 shares of the transportation company’s stock valued at $29,824,000 after acquiring an additional 9,375 shares during the period. Barometer Capital Management Inc. purchased a new stake in shares of Westinghouse Air Brake Technologies in the third quarter valued at $5,842,000. MetLife Investment Advisors LLC raised its stake in shares of Westinghouse Air Brake Technologies by 0.9% in the second quarter. MetLife Investment Advisors LLC now owns 53,862 shares of the transportation company’s stock valued at $5,310,000 after acquiring an additional 492 shares during the period. Sterling Capital Management LLC raised its stake in shares of Westinghouse Air Brake Technologies by 18.8% in the second quarter. Sterling Capital Management LLC now owns 47,706 shares of the transportation company’s stock valued at $4,703,000 after acquiring an additional 7,553 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Westinghouse Air Brake Technologies by 7.8% in the second quarter. SG Americas Securities LLC now owns 15,388 shares of the transportation company’s stock valued at $1,517,000 after acquiring an additional 1,107 shares during the period.

Westinghouse Air Brake Technologies Company Profile

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. It operates in two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing locomotive and freight cars; supplies railway electronics and positive train control equipment; offers signal design and engineering services; builds switcher locomotives; rebuilds freight locomotives; and provides heat exchangers and cooling systems for rail and other industrial markets.

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Analyst Recommendations for Westinghouse Air Brake Technologies (NYSE:WAB)

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