Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has been assigned a $85.00 price objective by equities researchers at Deutsche Bank AG in a research report issued on Monday. The firm presently has a “hold” rating on the transportation company’s stock. Deutsche Bank AG’s target price would indicate a potential upside of 16.74% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Buckingham Research began coverage on shares of Westinghouse Air Brake Technologies Corporation in a report on Wednesday, June 21st. They set a “buy” rating and a $104.00 price objective for the company. Edward Jones downgraded shares of Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. FBR & Co dropped their price objective on shares of Westinghouse Air Brake Technologies Corporation from $100.00 to $85.00 and set a “market perform” rating for the company in a report on Wednesday, July 26th. BidaskClub raised shares of Westinghouse Air Brake Technologies Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, Wolfe Research downgraded shares of Westinghouse Air Brake Technologies Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 26th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Westinghouse Air Brake Technologies Corporation currently has an average rating of “Hold” and an average price target of $92.00.

Westinghouse Air Brake Technologies Corporation (NYSE WAB) traded down 0.14% during mid-day trading on Monday, reaching $72.71. The company’s stock had a trading volume of 52,582 shares. Westinghouse Air Brake Technologies Corporation has a 12-month low of $71.00 and a 12-month high of $93.81. The firm has a market cap of $6.98 billion, a PE ratio of 25.58 and a beta of 1.03. The company has a 50-day moving average price of $83.68 and a 200-day moving average price of $82.61.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last released its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.94 by $0.14. Westinghouse Air Brake Technologies Corporation had a net margin of 8.10% and a return on equity of 13.07%. The company had revenue of $932.25 million for the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the company earned $1.00 EPS. The firm’s revenue for the quarter was up 28.8% on a year-over-year basis. On average, equities research analysts expect that Westinghouse Air Brake Technologies Corporation will post $3.53 earnings per share for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Buffington Mohr McNeal increased its position in shares of Westinghouse Air Brake Technologies Corporation by 1.9% in the second quarter. Buffington Mohr McNeal now owns 10,165 shares of the transportation company’s stock worth $930,000 after buying an additional 185 shares during the last quarter. IFP Advisors Inc increased its position in shares of Westinghouse Air Brake Technologies Corporation by 15.2% in the second quarter. IFP Advisors Inc now owns 1,913 shares of the transportation company’s stock worth $175,000 after buying an additional 252 shares during the last quarter. Tredje AP fonden increased its position in shares of Westinghouse Air Brake Technologies Corporation by 15.7% in the second quarter. Tredje AP fonden now owns 2,720 shares of the transportation company’s stock worth $249,000 after buying an additional 370 shares during the last quarter. Mountain Pacific Investment Advisers Inc. ID increased its position in shares of Westinghouse Air Brake Technologies Corporation by 0.6% in the second quarter. Mountain Pacific Investment Advisers Inc. ID now owns 285,430 shares of the transportation company’s stock worth $26,117,000 after buying an additional 1,605 shares during the last quarter. Finally, Eaton Vance Management increased its position in shares of Westinghouse Air Brake Technologies Corporation by 16.6% in the second quarter. Eaton Vance Management now owns 14,082 shares of the transportation company’s stock worth $1,289,000 after buying an additional 2,000 shares during the last quarter.

Westinghouse Air Brake Technologies Corporation 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 freight and transit rail industries. The Company’s segments include the Freight Segment and the Transit Segment. The Freight Segment primarily manufactures and services components for new and existing freight cars and locomotives, builds new switcher locomotives, rebuilds freight locomotives, supplies railway electronics, positive train control equipment, signal design and engineering services, and provides related heat exchange and cooling systems.

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

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