Westinghouse Air Brake Technologies (NYSE:WAB) PT Raised to $162.00

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) had its target price lifted by Bank of America from $156.00 to $162.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the transportation company's stock. Bank of America's price target would indicate a potential upside of 11.54% from the company's current price.

Other research analysts have also issued reports about the company. Jefferies Financial Group raised Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating and boosted their target price for the stock from $115.00 to $150.00 in a report on Thursday, January 11th. Susquehanna lifted their target price on shares of Westinghouse Air Brake Technologies from $150.00 to $160.00 and gave the stock a "positive" rating in a report on Thursday, February 15th. Stephens upped their price objective on Westinghouse Air Brake Technologies from $153.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, February 15th. KeyCorp upped their price target on shares of Westinghouse Air Brake Technologies from $133.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, February 15th. Finally, TD Cowen raised their price target on shares of Westinghouse Air Brake Technologies from $125.00 to $130.00 and gave the stock a "market perform" rating in a research report on Thursday, February 15th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Westinghouse Air Brake Technologies presently has an average rating of "Moderate Buy" and an average target price of $146.40.

Westinghouse Air Brake Technologies Stock Down 0.6 %

WAB traded down $0.94 during trading on Monday, hitting $145.24. The company had a trading volume of 763,212 shares, compared to its average volume of 1,017,049. The firm's 50-day moving average price is $141.31 and its 200 day moving average price is $125.64. The company has a market capitalization of $25.68 billion, a PE ratio of 32.27, a PEG ratio of 1.68 and a beta of 1.40. The company has a quick ratio of 0.63, a current ratio of 1.20 and a debt-to-equity ratio of 0.31. Westinghouse Air Brake Technologies has a one year low of $91.89 and a one year high of $151.00.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last announced its earnings results on Wednesday, February 14th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.58 by ($0.04). Westinghouse Air Brake Technologies had a net margin of 8.42% and a return on equity of 10.34%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same period in the prior year, the business posted $1.30 EPS. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts expect that Westinghouse Air Brake Technologies will post 6.73 earnings per share for the current year.

Insider Activity

In other news, EVP Nicole B. Theophilus sold 2,668 shares of the company's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $140.46, for a total transaction of $374,747.28. Following the transaction, the executive vice president now owns 24,792 shares in the company, valued at $3,482,284.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Westinghouse Air Brake Technologies news, Director Brian Hehir sold 5,470 shares of Westinghouse Air Brake Technologies stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $135.80, for a total transaction of $742,826.00. Following the transaction, the director now directly owns 23,065 shares of the company's stock, valued at approximately $3,132,227. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nicole B. Theophilus sold 2,668 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $140.46, for a total transaction of $374,747.28. Following the sale, the executive vice president now owns 24,792 shares of the company's stock, valued at approximately $3,482,284.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,964 shares of company stock valued at $8,924,584. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Coppell Advisory Solutions Corp. purchased a new stake in shares of Westinghouse Air Brake Technologies during the fourth quarter worth $30,000. Coppell Advisory Solutions LLC bought a new stake in Westinghouse Air Brake Technologies in the 2nd quarter worth approximately $33,000. Resources Management Corp CT ADV boosted its stake in Westinghouse Air Brake Technologies by 1,292.4% in the second quarter. Resources Management Corp CT ADV now owns 1,100 shares of the transportation company's stock worth $121,000 after buying an additional 1,021 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Westinghouse Air Brake Technologies during the third quarter valued at approximately $204,000. Finally, Quantitative Investment Management LLC purchased a new position in shares of Westinghouse Air Brake Technologies during the second quarter worth approximately $314,000. 91.69% of the stock is currently owned by institutional investors.

Westinghouse Air Brake Technologies Company Profile

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.