Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has been assigned an average rating of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $91.43.

Several equities analysts recently weighed in on WAB shares. Buckingham Research started coverage on Westinghouse Air Brake Technologies Corporation in a research report on Wednesday, June 21st. They set a “buy” rating and a $104.00 price objective for the company. FBR & Co cut their price objective on Westinghouse Air Brake Technologies Corporation from $100.00 to $85.00 and set a “market perform” rating for the company in a research report on Wednesday, July 26th. Edward Jones cut Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Zacks Investment Research cut Westinghouse Air Brake Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Finally, Wolfe Research cut Westinghouse Air Brake Technologies Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 26th.

A number of institutional investors have recently bought and sold shares of WAB. Mountain Pacific Investment Advisers Inc. ID boosted its position in Westinghouse Air Brake Technologies Corporation by 3.1% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 283,825 shares of the transportation company’s stock valued at $22,138,000 after buying an additional 8,420 shares during the period. Russell Investments Group Ltd. boosted its position in Westinghouse Air Brake Technologies Corporation by 141.8% in the first quarter. Russell Investments Group Ltd. now owns 463,107 shares of the transportation company’s stock valued at $36,123,000 after buying an additional 271,617 shares during the period. Buffington Mohr McNeal boosted its position in Westinghouse Air Brake Technologies Corporation by 34.3% in the first quarter. Buffington Mohr McNeal now owns 9,980 shares of the transportation company’s stock valued at $778,000 after buying an additional 2,550 shares during the period. Karp Capital Management Corp purchased a new position in Westinghouse Air Brake Technologies Corporation during the first quarter valued at approximately $2,928,000. Finally, Symphony Asset Management LLC boosted its position in Westinghouse Air Brake Technologies Corporation by 24.7% in the first quarter. Symphony Asset Management LLC now owns 39,319 shares of the transportation company’s stock valued at $3,066,000 after buying an additional 7,791 shares during the period.

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Shares of Westinghouse Air Brake Technologies Corporation (WAB) traded down 0.67% during midday trading on Tuesday, hitting $70.86. The company had a trading volume of 712,662 shares. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 24.93 and a beta of 1.03. The company’s 50 day moving average is $81.15 and its 200 day moving average is $82.05. Westinghouse Air Brake Technologies Corporation has a one year low of $70.40 and a one year high of $93.81.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.14. The company had revenue of $932.25 million for the quarter, compared to the consensus estimate of $1 billion. Westinghouse Air Brake Technologies Corporation had a return on equity of 13.07% and a net margin of 8.10%. The business’s revenue was up 28.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 EPS. Equities analysts forecast that Westinghouse Air Brake Technologies Corporation will post $3.52 earnings per share for the current fiscal year.

About Westinghouse Air Brake Technologies Corporation

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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