Westinghouse Air Brake Technologies Corp. (NYSE:WAB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Wabtec Corporation is one of North America’s largest providers of value-added, technology-based products and services for the rail industry. Through its subsidiaries, the company manufactures a full range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new locomotives up to 4,000 horsepower and provides aftermarket services, including locomotive and freight car fleet maintenance. (PRESS RELEASE) “

A number of other equities analysts have also weighed in on WAB. Deutsche Bank AG began coverage on Westinghouse Air Brake Technologies Corp. in a research note on Tuesday, September 6th. They set a “buy” rating and a $90.00 price objective on the stock. began coverage on Westinghouse Air Brake Technologies Corp. in a research note on Friday, September 30th. They issued a “buy” rating and a $97.00 price target on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $90.00 price target (up previously from $85.00) on shares of Westinghouse Air Brake Technologies Corp. in a research note on Wednesday, October 5th. Finally, Longbow Research lowered Westinghouse Air Brake Technologies Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 26th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $90.00.

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

Westinghouse Air Brake Technologies Corp. (NYSE:WAB) traded down 1.054% during trading on Tuesday, reaching $83.995. The company’s stock had a trading volume of 200,151 shares. The stock has a market capitalization of $7.48 billion, a PE ratio of 21.141 and a beta of 1.09. Westinghouse Air Brake Technologies Corp. has a 1-year low of $60.28 and a 1-year high of $88.47. The stock has a 50 day moving average price of $81.71 and a 200 day moving average price of $76.25.

Westinghouse Air Brake Technologies Corp. (NYSE:WAB) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.94 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.99 by $0.05. The company had revenue of $676 million for the quarter, compared to analyst estimates of $720.85 million. Westinghouse Air Brake Technologies Corp. had a return on equity of 22.43% and a net margin of 12.28%. The business’s quarterly revenue was down 16.5% on a year-over-year basis. During the same period last year, the firm posted $1.04 EPS. Analysts anticipate that Westinghouse Air Brake Technologies Corp. will post $4.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 28th. Investors of record on Monday, November 14th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Wednesday, November 9th. Westinghouse Air Brake Technologies Corp.’s payout ratio is 10.05%.

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Institutional investors have recently bought and sold shares of the company. Quantitative Investment Management LLC purchased a new position in Westinghouse Air Brake Technologies Corp. during the second quarter valued at about $1,481,000. Commonwealth Bank of Australia raised its position in Westinghouse Air Brake Technologies Corp. by 15,173.1% in the second quarter. Commonwealth Bank of Australia now owns 106,912 shares of the company’s stock valued at $7,508,000 after buying an additional 106,212 shares during the last quarter. Finally, Champlain Investment Partners LLC raised its position in Westinghouse Air Brake Technologies Corp. by 31.4% in the second quarter. Champlain Investment Partners LLC now owns 334,160 shares of the company’s stock valued at $23,468,000 after buying an additional 79,895 shares during the last quarter.

Westinghouse Air Brake Technologies Corp. Company Profile

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.

5 Day Chart for NYSE:WAB

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