Seaport Global Securities assumed coverage on shares of Westinghouse Air Brake Technologies (NYSE:WAB) in a research note issued to investors on Thursday morning. The brokerage issued a buy rating and a $90.00 target price on the transportation company’s stock.

Other research analysts also recently issued research reports about the company. Buckingham Research lowered their price objective on Westinghouse Air Brake Technologies from $100.00 to $97.00 and set a buy rating for the company in a research note on Wednesday, October 25th. Zacks Investment Research raised Westinghouse Air Brake Technologies from a sell rating to a buy rating and set a $84.00 price objective for the company in a research note on Wednesday, October 18th. KeyCorp reaffirmed a buy rating and issued a $100.00 price objective on shares of Westinghouse Air Brake Technologies in a research note on Sunday, September 17th. Stifel Nicolaus reaffirmed a hold rating and issued a $74.00 price objective on shares of Westinghouse Air Brake Technologies in a research note on Tuesday, September 12th. Finally, Berenberg Bank initiated coverage on Westinghouse Air Brake Technologies in a research note on Thursday, September 7th. They issued a hold rating and a $81.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $87.44.

Westinghouse Air Brake Technologies (NYSE:WAB) traded up $1.11 during trading on Thursday, hitting $83.37. The stock had a trading volume of 673,600 shares, compared to its average volume of 821,433. Westinghouse Air Brake Technologies has a one year low of $69.20 and a one year high of $93.81. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.55 and a quick ratio of 1.03. The firm has a market capitalization of $8,020.00, a P/E ratio of 31.70, a P/E/G ratio of 1.77 and a beta of 1.08.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.04. Westinghouse Air Brake Technologies had a return on equity of 11.85% and a net margin of 7.04%. The company had revenue of $957.93 million during the quarter, compared to the consensus estimate of $947.18 million. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The firm’s revenue was up 41.8% compared to the same quarter last year. equities research analysts predict that Westinghouse Air Brake Technologies will post 3.48 EPS for the current fiscal year.

In other Westinghouse Air Brake Technologies news, VP David L. Deninno sold 1,917 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $76.10, for a total transaction of $145,883.70. Following the transaction, the vice president now directly owns 56,131 shares in the company, valued at approximately $4,271,569.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert J. Brooks sold 3,500 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $77.66, for a total value of $271,810.00. Following the transaction, the director now owns 84,221 shares in the company, valued at $6,540,602.86. The disclosure for this sale can be found here. Corporate insiders own 11.69% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Fieldpoint Private Securities LLC lifted its holdings in shares of Westinghouse Air Brake Technologies by 49.4% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 2,390 shares of the transportation company’s stock worth $181,000 after purchasing an additional 790 shares in the last quarter. Tredje AP fonden lifted its holdings in shares of Westinghouse Air Brake Technologies by 92.6% in the 3rd quarter. Tredje AP fonden now owns 5,240 shares of the transportation company’s stock worth $397,000 after purchasing an additional 2,520 shares in the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of Westinghouse Air Brake Technologies by 9.5% in the 3rd quarter. Commonwealth Bank of Australia now owns 184,490 shares of the transportation company’s stock worth $13,973,000 after purchasing an additional 15,995 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Westinghouse Air Brake Technologies by 873.0% in the 3rd quarter. Pacer Advisors Inc. now owns 15,860 shares of the transportation company’s stock worth $1,201,000 after purchasing an additional 14,230 shares in the last quarter. Finally, Hikari Power Ltd lifted its holdings in shares of Westinghouse Air Brake Technologies by 7.1% in the 3rd quarter. Hikari Power Ltd now owns 183,300 shares of the transportation company’s stock worth $13,885,000 after purchasing an additional 12,100 shares in the last quarter.

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Westinghouse Air Brake Technologies 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 (NYSE:WAB)

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