Wabtec (NYSE:WAB) Stock Price Target Lowered at Citigroup

Key Points

• Citigroup lowered Wabtec’s price target from $338 to $334 but maintained a “buy” rating, implying approximately 21% upside from the prior close.
• Analyst sentiment remains favorable, with 10 buy ratings and two holds producing a consensus “Moderate Buy” rating and an average price target of $320.18.
• Wabtec’s latest quarter showed an earnings beat, with EPS of $2.83 versus the $2.73 estimate, although revenue of $3.12 billion missed expectations of $3.20 billion; shares traded down to $275.31.

Wabtec (NYSE:WAB - Get Free Report) had its price target cut by Citigroup from $338.00 to $334.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the transportation company's stock. Citigroup's price objective indicates a potential upside of 21.32% from the stock's previous close.

Several other equities analysts have also weighed in on the stock. Wells Fargo & Company increased their price target on shares of Wabtec from $284.00 to $315.00 and gave the company an "equal weight" rating in a research report on Thursday, July 23rd. KeyCorp lifted their price objective on shares of Wabtec from $308.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Susquehanna boosted their target price on shares of Wabtec from $305.00 to $340.00 and gave the company a "positive" rating in a research note on Thursday, July 23rd. Jefferies Financial Group increased their target price on shares of Wabtec from $315.00 to $350.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Finally, Rothschild & Co Redburn decreased their price target on shares of Wabtec from $293.00 to $292.00 and set a "buy" rating for the company in a research note on Wednesday, July 29th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $320.18.

Wabtec Stock Performance

Wabtec stock traded down $13.65 during mid-day trading on Thursday, reaching $275.31. 1,999,091 shares of the company's stock were exchanged, compared to its average volume of 916,695. The business's fifty day simple moving average is $287.76 and its 200 day simple moving average is $276.05. The firm has a market capitalization of $46.50 billion, a PE ratio of 37.00, a P/E/G ratio of 1.91 and a beta of 0.92. Wabtec has a one year low of $193.86 and a one year high of $306.64. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

Wabtec (NYSE:WAB - Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The transportation company reported $2.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.73 by $0.10. Wabtec had a return on equity of 15.10% and a net margin of 10.59%. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the company earned $2.32 EPS. The business's revenue for the quarter was up 8.1% on a year-over-year basis. On average, sell-side analysts expect that Wabtec will post 10.89 earnings per share for the current year.

Insiders Place Their Bets

In other Wabtec news, CEO Rafael Santana sold 1,087 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $291.79, for a total transaction of $317,175.73. Following the completion of the transaction, the chief executive officer owned 116,155 shares in the company, valued at $33,892,867.45. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Eric Gebhardt sold 7,100 shares of Wabtec stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the completion of the transaction, the chief technology officer owned 19,153 shares of the company's stock, valued at $5,731,918.31. The trade was a 27.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,552 shares of company stock worth $5,232,911 in the last ninety days. 0.57% of the stock is owned by corporate insiders.

Institutional Trading of Wabtec

A number of institutional investors have recently modified their holdings of WAB. BlackRock Inc. purchased a new position in Wabtec in the 2nd quarter valued at approximately $3,741,077,000. State Street Corp raised its holdings in Wabtec by 2.1% during the 2nd quarter. State Street Corp now owns 7,905,748 shares of the transportation company's stock valued at $2,131,390,000 after acquiring an additional 164,806 shares during the period. Amundi lifted its position in shares of Wabtec by 43.9% during the second quarter. Amundi now owns 1,580,919 shares of the transportation company's stock worth $426,216,000 after acquiring an additional 482,323 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Wabtec by 2.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,424,945 shares of the transportation company's stock worth $384,165,000 after acquiring an additional 33,942 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Wabtec by 288.0% during the first quarter. Assenagon Asset Management S.A. now owns 851,733 shares of the transportation company's stock worth $212,857,000 after acquiring an additional 632,218 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wabtec News Summary

Here are the key news stories impacting Wabtec this week:

• Positive Sentiment: Q3 earnings beat expectations: Adjusted earnings per share rose 22% year over year to $2.83, exceeding the $2.73 consensus estimate. GAAP EPS increased 33.7% to $2.42. Wabtec earnings and guidance report
• Positive Sentiment: Margins expanded: Adjusted operating margin improved 1.9 percentage points to 22.9%, helping Wabtec deliver the earnings beat despite softer-than-expected sales. Wabtec Q3 margin expansion report
• Positive Sentiment: Guidance was raised and tightened: Management increased 2026 adjusted EPS guidance to $10.85-$11.05, signaling confidence in continued margin gains and the company’s Integration 3.0 program. Wabtec raises 2026 EPS outlook
• Positive Sentiment: Backlog supports future growth: Wabtec’s multiyear backlog exceeded $31 billion, up 22.9% year over year, while both Freight and Transit contributed to sales growth. Wabtec long-term investor takeaways
• Positive Sentiment: Analyst sentiment improved: Stephens raised its Wabtec price target from $330 to $340 and assigned an “overweight” rating, implying substantial upside from the current level.
• Negative Sentiment: Revenue missed estimates: Q3 revenue increased 8.1% year over year to $3.12 billion but fell short of the $3.20 billion analyst consensus. The top-line miss appears to be the main reason the stock has decreased, overshadowing the earnings and guidance beats. Wabtec revenue miss report

About Wabtec

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec NYSE: WAB, is a global provider of equipment, systems, digital solutions and services for the freight and passenger rail industries. The company develops technologies intended to improve the safety, efficiency, reliability and sustainability of rail transportation.

Wabtec's products and services include locomotives, locomotive components and modernization programs, braking systems, train control and signaling equipment, power and propulsion systems, and advanced digital solutions.

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