JPMorgan Chase & Co. Lowers Wabtec (NYSE:WAB) Price Target to $280.00

Key Points

• JPMorgan cut its Wabtec price target to $280 (from $290) and left a "neutral" rating, implying only about a 4.6% upside from current levels.
• Wabtec recently beat quarterly revenue and EPS expectations and set FY2026 guidance at 10.05–10.45 EPS, though the stock traded down to about $267.69 on the report.
• The board authorized a $1.2 billion share buyback (≈2.9% of shares) even as insiders sold shares, while institutional investors own roughly 91.7% of the stock.

Wabtec (NYSE:WAB - Get Free Report) had its target price lowered by stock analysts at JPMorgan Chase & Co. from $290.00 to $280.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 4.60% from the stock's current price.

Other research analysts also recently issued research reports about the company. Morgan Stanley reiterated an "overweight" rating and set a $315.00 price target on shares of Wabtec in a report on Tuesday, February 17th. Stephens increased their price target on shares of Wabtec from $230.00 to $290.00 and gave the stock an "overweight" rating in a research report on Thursday, February 12th. Wall Street Zen downgraded shares of Wabtec from a "buy" rating to a "hold" rating in a research report on Saturday, March 14th. Weiss Ratings reiterated a "buy (b)" rating on shares of Wabtec in a research note on Wednesday, January 21st. Finally, Citigroup lifted their target price on shares of Wabtec from $283.00 to $292.00 and gave the company a "buy" rating in a research note on Thursday. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Wabtec currently has a consensus rating of "Moderate Buy" and an average price target of $275.75.

Wabtec Trading Down 1.2%

Shares of Wabtec stock traded down $3.25 during trading on Friday, hitting $267.69. The stock had a trading volume of 1,026,228 shares, compared to its average volume of 877,775. The stock has a 50 day simple moving average of $250.26 and a 200 day simple moving average of $223.69. The company has a market capitalization of $45.55 billion, a PE ratio of 39.19, a P/E/G ratio of 2.03 and a beta of 0.99. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. Wabtec has a 1 year low of $165.00 and a 1 year high of $275.84.

Wabtec (NYSE:WAB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The transportation company reported $2.10 earnings per share for the quarter, beating analysts' consensus estimates of $2.08 by $0.02. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. Wabtec's revenue for the quarter was up 14.8% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. On average, research analysts expect that Wabtec will post 8.54 EPS for the current fiscal year.

Wabtec announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 11th that permits the company to buyback $1.20 billion in shares. This buyback authorization permits the transportation company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Wabtec news, insider Sameer Gaur sold 1,150 shares of the business's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $262.62, for a total value of $302,013.00. Following the completion of the sale, the insider directly owned 12,017 shares of the company's stock, valued at $3,155,904.54. The trade was a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nalin Jain sold 7,936 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $264.09, for a total transaction of $2,095,818.24. Following the transaction, the insider owned 6,364 shares in the company, valued at approximately $1,680,668.76. This trade represents a 55.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 31,512 shares of company stock worth $8,160,028 in the last quarter. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Wabtec

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in Wabtec during the fourth quarter valued at about $409,039,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Wabtec by 20.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company's stock worth $1,700,238,000 after acquiring an additional 1,344,744 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Wabtec by 55.5% during the 4th quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company's stock valued at $659,939,000 after acquiring an additional 1,095,083 shares during the last quarter. Farallon Capital Management LLC increased its holdings in shares of Wabtec by 68.6% during the 3rd quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company's stock valued at $442,056,000 after acquiring an additional 896,900 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Wabtec by 360.0% in the 4th quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company's stock valued at $188,945,000 after acquiring an additional 692,773 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Wabtec Company Profile

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec's business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.

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