Westinghouse Air Brake Technologies (NYSE:WAB) Given New $152.00 Price Target at The Goldman Sachs Group

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) had its price target increased by analysts at The Goldman Sachs Group from $138.00 to $152.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. The Goldman Sachs Group's price objective indicates a potential upside of 4.49% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group upgraded Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating and upped their price objective for the stock from $115.00 to $150.00 in a research note on Thursday, January 11th. Stephens upped their price objective on Westinghouse Air Brake Technologies from $153.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday, February 15th. Wells Fargo & Company upped their price objective on Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, February 15th. Bank of America increased their price target on Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the company a "buy" rating in a research note on Monday. Finally, Redburn Atlantic cut Westinghouse Air Brake Technologies from a "buy" rating to a "neutral" rating and set a $135.00 price target on the stock. in a research note on Thursday, February 15th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Westinghouse Air Brake Technologies has an average rating of "Moderate Buy" and a consensus price target of $146.91.

Westinghouse Air Brake Technologies Stock Up 0.2 %

NYSE:WAB traded up $0.23 during trading hours on Tuesday, reaching $145.47. 661,084 shares of the stock were exchanged, compared to its average volume of 1,012,162. Westinghouse Air Brake Technologies has a twelve month low of $91.89 and a twelve month high of $151.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.20 and a quick ratio of 0.63. The firm has a 50 day moving average of $141.75 and a 200 day moving average of $126.18. The stock has a market cap of $25.72 billion, a PE ratio of 32.18, a PEG ratio of 1.68 and a beta of 1.40.

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

Insiders Place Their Bets

In other Westinghouse Air Brake Technologies news, VP David L. Deninno sold 6,607 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $135.61, for a total transaction of $895,975.27. Following the transaction, the vice president now owns 65,535 shares in the company, valued at approximately $8,887,201.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP David L. Deninno sold 6,607 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $135.61, for a total transaction of $895,975.27. Following the sale, the vice president now directly owns 65,535 shares of the company's stock, valued at approximately $8,887,201.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Rafael Santana sold 40,219 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $140.62, for a total value of $5,655,595.78. Following the sale, the chief executive officer now directly owns 123,019 shares in the company, valued at $17,298,931.78. The disclosure for this sale can be found here. Insiders have sold 63,964 shares of company stock worth $8,924,584 in the last 90 days. Company insiders own 1.10% of the company's stock.

Institutional Trading of Westinghouse Air Brake Technologies

Several large investors have recently modified their holdings of the stock. Coppell Advisory Solutions Corp. acquired a new stake in Westinghouse Air Brake Technologies in the fourth quarter valued at about $30,000. Coppell Advisory Solutions LLC acquired a new stake in Westinghouse Air Brake Technologies in the second quarter valued at about $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 valued at $121,000 after buying an additional 1,021 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Westinghouse Air Brake Technologies in the third quarter valued at about $204,000. Finally, Quantitative Investment Management LLC acquired a new stake in Westinghouse Air Brake Technologies in the second quarter valued at about $314,000. 91.69% of the stock is owned by institutional investors and hedge funds.

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.