JPMorgan Chase & Co. Issues Positive Forecast for Wabtec (NYSE:WAB) Stock Price

Key Points

• JPMorgan raised its Wabtec price target from $315 to $320 while maintaining a neutral rating, implying 14.19% upside from the prior close.
• Analyst sentiment is broadly positive, with 10 Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $313.82.
• Wabtec exceeded quarterly expectations, reporting $2.76 in EPS and $3.18 billion in revenue, up 17.5% year over year; however, insiders have sold $5.22 million of stock over the past 90 days.

Wabtec (NYSE:WAB - Get Free Report) had its target price upped by equities research analysts at JPMorgan Chase & Co. from $315.00 to $320.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a "neutral" rating on the transportation company's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 14.19% from the company's previous close.

A number of other equities analysts have also recently weighed in on the company. Weiss Ratings reissued a "buy (b)" rating on shares of Wabtec in a report on Friday, July 17th. Wells Fargo & Company lifted their price target on shares of Wabtec from $284.00 to $315.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 23rd. Wall Street Zen cut shares of Wabtec from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Stephens lifted their target price on shares of Wabtec from $320.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Finally, Citigroup raised their price objective on Wabtec from $311.00 to $341.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $313.82.

Wabtec Price Performance

Shares of NYSE:WAB opened at $280.23 on Monday. The company's fifty day moving average price is $286.86 and its 200-day moving average price is $269.21. The firm has a market capitalization of $47.33 billion, a price-to-earnings ratio of 37.66, a PEG ratio of 1.90 and a beta of 0.92. Wabtec has a one year low of $186.06 and a one year high of $306.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59.

Wabtec (NYSE:WAB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.60 by $0.16. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the previous year, the firm posted $2.27 EPS. The firm's revenue was up 17.5% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, equities research analysts anticipate that Wabtec will post 10.86 earnings per share for the current fiscal year.

Insider Activity at Wabtec

In other Wabtec news, CEO Rafael Santana sold 1,163 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $299.04, for a total transaction of $347,783.52. Following the completion of the sale, the chief executive officer owned 120,588 shares of the company's stock, valued at $36,060,635.52. This represents a 0.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Fetsko sold 3,250 shares of the firm's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $293.22, for a total transaction of $952,965.00. Following the completion of the sale, the insider directly owned 37,380 shares in the company, valued at approximately $10,960,563.60. This trade represents a 8.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,628 shares of company stock worth $5,220,523 over the last ninety days. Insiders own 0.57% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. purchased a new position in shares of Wabtec during the second quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new position in shares of Wabtec during the first quarter valued at approximately $25,000. Bell Investment Advisors Inc purchased a new stake in Wabtec in the second quarter worth $29,000. Fiduciary Financial Advisors purchased a new stake in Wabtec in the second quarter worth $29,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company's stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Institutional investors own 91.69% of the company's stock.

About Wabtec

Westinghouse Air Brake Technologies Corporation, known as Wabtec, is a global provider of equipment, systems, and services for the freight and transit rail industries. The company develops technologies designed to improve the safety, efficiency, reliability, and environmental performance of rail transportation.

Wabtec's products and services include locomotives and locomotive components, braking systems, rail-control and signaling technologies, digital train-management solutions, and equipment for freight cars and passenger rail vehicles.

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