Wabtec (NYSE:WAB) Price Target Raised to $340.00

Wabtec (NYSE:WAB) had its target price increased by equities researchers at KeyCorp from $308.00 to $340.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. KeyCorp’s target price would indicate a potential upside of 17.18% from the stock’s current price.

WAB has been the subject of several other reports. Wells Fargo & Company boosted their target price on Wabtec from $270.00 to $284.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Wabtec from $290.00 to $300.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Susquehanna restated a “positive” rating and set a $305.00 price objective on shares of Wabtec in a report on Thursday, April 23rd. Stephens raised shares of Wabtec to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $303.00 target price on shares of Wabtec in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Wabtec currently has a consensus rating of “Moderate Buy” and a consensus target price of $296.27.

Wabtec Stock Up 10.1%

NYSE:WAB opened at $290.15 on Thursday. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. Wabtec has a 12-month low of $184.26 and a 12-month high of $295.41. The stock’s fifty day simple moving average is $264.47 and its 200-day simple moving average is $254.26. The firm has a market capitalization of $49.23 billion, a P/E ratio of 41.04, a P/E/G ratio of 1.88 and a beta of 0.94.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.60 by $0.16. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the company posted $2.27 earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Equities research analysts expect that Wabtec will post 10.64 earnings per share for the current year.

Insider Activity

In related news, insider Sameer Gaur sold 1,082 shares of the stock in a transaction that occurred on 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 directly owned 11,985 shares of the company’s stock, valued at approximately $3,158,047.50. This represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rafael Santana sold 1,163 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $261.06, for a total transaction of $303,612.78. Following the sale, the chief executive officer owned 124,077 shares in the company, valued at $32,391,541.62. This trade represents a 0.93% decrease in their ownership of the stock. 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. Insiders have sold a total of 5,734 shares of company stock worth $1,504,571 in the last quarter. 0.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Wabtec

Several large investors have recently made changes to their positions in WAB. Norges Bank acquired a new stake in shares of Wabtec during the fourth quarter worth $409,039,000. Price T Rowe Associates Inc. MD boosted its stake in Wabtec by 20.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company’s stock worth $1,700,238,000 after purchasing an additional 1,344,744 shares during the period. Bank of Montreal Can boosted its stake in Wabtec by 360.0% in the 4th quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company’s stock worth $188,945,000 after purchasing an additional 692,773 shares during the period. UBS Group AG increased its holdings in Wabtec by 194.2% during the 3rd quarter. UBS Group AG now owns 1,033,304 shares of the transportation company’s stock worth $207,146,000 after purchasing an additional 682,048 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Wabtec by 288.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 851,733 shares of the transportation company’s stock worth $212,857,000 after purchasing an additional 632,218 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Key Stories Impacting Wabtec

Here are the key news stories impacting Wabtec this week:

• Positive Sentiment: Wabtec beat Q2 expectations with adjusted EPS of $2.76 and revenue of $3.18 billion, both above estimates, while sales rose 17.5% year over year and margins improved. Wabtec Shares Rise After 2Q Earnings Beat Estimates
• Positive Sentiment: The company raised its 2026 guidance, now expecting revenue of about $12.3 billion to $12.6 billion and adjusted EPS of $10.60 to $10.90, signaling management is more confident about demand and profitability ahead. Wabtec forecasts 2026 revenue of about $12.5B and adjusted EPS of $10.60-$10.90 as it raises guidance
• Positive Sentiment: Freight and Transit both contributed to the beat, with stronger locomotive deliveries, acquisition-related growth, and backlog gains supporting better visibility into future sales. Wabtec Q2 Earnings & Revenues Beat Estimates, Up Y/Y, EPS View Raised
• Neutral Sentiment: Additional coverage highlighted strong second-half momentum and a record-high share reaction, but these articles mostly echoed the same earnings and guidance story rather than adding new catalysts. Wabtec hits record high on improved 2026 outlook for freight, transit
• Neutral Sentiment: Wabtec interns volunteering to help preserve Erie’s Brig Niagara is positive for corporate reputation, but it is unlikely to materially affect the stock. Wabtec Interns Give Back, Help Preserve Erie’s Brig Niagara

About Wabtec

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.