Berenberg Bank started coverage on shares of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) in a report published on Thursday morning. The brokerage issued a hold rating and a $81.00 price objective on the transportation company’s stock.

WAB has been the topic of several other reports. Stifel Nicolaus cut shares of Westinghouse Air Brake Technologies Corporation from a buy rating to a hold rating and set a $92.00 target price on the stock. in a research report on Monday, July 17th. They noted that the move was a valuation call. BidaskClub raised shares of Westinghouse Air Brake Technologies Corporation from a buy rating to a strong-buy rating in a research report on Wednesday, July 5th. Deutsche Bank AG cut shares of Westinghouse Air Brake Technologies Corporation from a buy rating to a hold rating and set a $90.00 target price on the stock. in a research report on Thursday, July 13th. Edward Jones cut shares of Westinghouse Air Brake Technologies Corporation from a buy rating to a hold rating in a research report on Wednesday, July 26th. Finally, Zacks Investment Research cut shares of Westinghouse Air Brake Technologies Corporation from a hold rating to a sell rating in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $90.78.

Westinghouse Air Brake Technologies Corporation (NYSE WAB) traded up 0.164% during midday trading on Thursday, hitting $70.355. 319,711 shares of the stock were exchanged. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 24.755 and a beta of 1.05. The firm has a 50 day moving average of $73.67 and a 200-day moving average of $80.49. Westinghouse Air Brake Technologies Corporation has a 12-month low of $69.20 and a 12-month high of $93.81.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last released its earnings results on Tuesday, July 25th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.14. Westinghouse Air Brake Technologies Corporation had a return on equity of 13.07% and a net margin of 8.10%. The company had revenue of $932.25 million during the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the business posted $1.00 earnings per share. Westinghouse Air Brake Technologies Corporation’s revenue was up 28.8% on a year-over-year basis. On average, equities analysts expect that Westinghouse Air Brake Technologies Corporation will post $3.52 earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the business. Karp Capital Management Corp acquired a new position in Westinghouse Air Brake Technologies Corporation during the first quarter valued at approximately $2,928,000. Aperio Group LLC lifted its position in Westinghouse Air Brake Technologies Corporation by 7.7% during the second quarter. Aperio Group LLC now owns 40,411 shares of the transportation company’s stock valued at $3,698,000 after buying an additional 2,877 shares in the last quarter. Hikari Power Ltd lifted its position in Westinghouse Air Brake Technologies Corporation by 622.4% during the second quarter. Hikari Power Ltd now owns 171,200 shares of the transportation company’s stock valued at $15,665,000 after buying an additional 147,500 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in Westinghouse Air Brake Technologies Corporation by 64.4% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 623,437 shares of the transportation company’s stock valued at $57,044,000 after buying an additional 244,119 shares in the last quarter. Finally, Commonwealth Bank of Australia lifted its position in Westinghouse Air Brake Technologies Corporation by 15.8% during the second quarter. Commonwealth Bank of Australia now owns 168,495 shares of the transportation company’s stock valued at $15,416,000 after buying an additional 22,988 shares in 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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