Stifel Nicolaus restated their buy rating on shares of Westinghouse Air Brake Technologies Corp. (NYSE:WAB) in a research report sent to investors on Wednesday. Stifel Nicolaus currently has a $90.00 price objective on the stock, up from their previous price objective of $85.00.

Several other equities research analysts have also recently weighed in on WAB. Zacks Investment Research cut shares of Westinghouse Air Brake Technologies Corp. from a hold rating to a sell rating in a research report on Wednesday, June 29th. Wunderlich dropped their price target on shares of Westinghouse Air Brake Technologies Corp. from $115.00 to $100.00 and set a buy rating for the company in a research report on Monday, July 25th. Credit Agricole SA began coverage on shares of Westinghouse Air Brake Technologies Corp. in a research report on Friday, September 30th. They set a buy rating and a $97.00 price target for the company. Finally, Deutsche Bank AG began coverage on shares of Westinghouse Air Brake Technologies Corp. in a research report on Tuesday, September 6th. They set a buy rating and a $90.00 price target for the company. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Westinghouse Air Brake Technologies Corp. has a consensus rating of Buy and a consensus target price of $88.67.

Shares of Westinghouse Air Brake Technologies Corp. (NYSE:WAB) traded up 0.53% during trading on Wednesday, reaching $82.01. 249,592 shares of the company were exchanged. Westinghouse Air Brake Technologies Corp. has a one year low of $60.28 and a one year high of $94.61. The stock has a market capitalization of $7.39 billion, a PE ratio of 20.05 and a beta of 1.31. The stock has a 50-day moving average price of $76.78 and a 200-day moving average price of $75.85.

Westinghouse Air Brake Technologies Corp. (NYSE:WAB) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.08 by $0.03. The firm had revenue of $724 million for the quarter, compared to analysts’ expectations of $806.48 million. Westinghouse Air Brake Technologies Corp. had a net margin of 12.29% and a return on equity of 22.42%. The company’s quarterly revenue was down 14.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 EPS. Analysts forecast that Westinghouse Air Brake Technologies Corp. will post $4.14 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Aperio Group LLC increased its stake in shares of Westinghouse Air Brake Technologies Corp. by 26.2% in the first quarter. Aperio Group LLC now owns 34,719 shares of the company’s stock worth $2,753,000 after buying an additional 7,213 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Westinghouse Air Brake Technologies Corp. by 67.5% in the first quarter. IFP Advisors Inc now owns 2,944 shares of the company’s stock worth $233,000 after buying an additional 1,186 shares during the last quarter. Champlain Investment Partners LLC bought a new stake in shares of Westinghouse Air Brake Technologies Corp. during the first quarter worth about $20,161,000. Geode Capital Management LLC increased its stake in shares of Westinghouse Air Brake Technologies Corp. by 6.6% in the first quarter. Geode Capital Management LLC now owns 603,447 shares of the company’s stock worth $47,818,000 after buying an additional 37,555 shares during the last quarter. Finally, Quantitative Investment Management LLC bought a new stake in shares of Westinghouse Air Brake Technologies Corp. during the second quarter worth about $1,481,000. Institutional investors and hedge funds own 96.68% of the company’s stock.

About Westinghouse Air Brake Technologies Corp.

Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a provider of technology-based equipment and services for the global rail industry. The Company primarily serves the freight rail and passenger transit industries. The Company provides its products and services through two principal business segments: the Freight Segment and the Transit Segment.

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