Westinghouse Air Brake Technologies (NYSE:WAB) Price Target Raised to $185.00 at KeyCorp

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) had its price target raised by KeyCorp from $155.00 to $185.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an "overweight" rating on the transportation company's stock. KeyCorp's target price indicates a potential upside of 13.37% from the company's current price.

A number of other brokerages have also recently commented on WAB. Bank of America raised their price target on shares of Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a "buy" rating in a research note on Monday, April 15th. Susquehanna upped their price target on Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the company a "positive" rating in a research report on Thursday. The Goldman Sachs Group lifted their price objective on Westinghouse Air Brake Technologies from $138.00 to $152.00 and gave the company a "neutral" rating in a report on Tuesday, April 16th. Jefferies Financial Group upgraded shares of Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating and increased their target price for the stock from $115.00 to $150.00 in a research report on Thursday, January 11th. Finally, Redburn Atlantic lowered shares of Westinghouse Air Brake Technologies from a "buy" rating to a "neutral" rating and set a $135.00 price objective for the company. in a report on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Westinghouse Air Brake Technologies presently has an average rating of "Moderate Buy" and an average price target of $156.18.

Westinghouse Air Brake Technologies Stock Performance

Shares of WAB traded down $0.20 during trading hours on Thursday, reaching $163.18. 1,799,470 shares of the company traded hands, compared to its average volume of 1,060,170. Westinghouse Air Brake Technologies has a 1-year low of $91.89 and a 1-year high of $167.49. The stock has a market cap of $28.85 billion, a P/E ratio of 36.10, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. The stock's fifty day moving average is $143.19 and its 200 day moving average is $127.89. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.63 and a current ratio of 1.20.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last issued its earnings results on Wednesday, April 24th. The transportation company reported $1.89 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.40. Westinghouse Air Brake Technologies had a return on equity of 10.34% and a net margin of 8.42%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the company posted $1.28 earnings per share. Westinghouse Air Brake Technologies's revenue was up 13.9% on a year-over-year basis. Equities research analysts anticipate that Westinghouse Air Brake Technologies will post 6.73 earnings per share for the current fiscal year.

Insider Transactions at Westinghouse Air Brake Technologies

In related news, EVP Nicole B. Theophilus sold 2,668 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $140.46, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Rafael Santana sold 40,219 shares of the firm's 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 transaction, the chief executive officer now directly owns 123,019 shares in the company, valued at approximately $17,298,931.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nicole B. Theophilus sold 2,668 shares of Westinghouse Air Brake Technologies stock in a transaction on Friday, March 15th. The stock was sold at an average price of $140.46, for a total value of $374,747.28. Following the sale, the executive vice president now directly owns 24,792 shares of the company's stock, valued at $3,482,284.32. The disclosure for this sale can be found here. Insiders sold a total of 63,964 shares of company stock worth $8,924,584 over the last 90 days. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Hawaiian Bank raised its position in shares of Westinghouse Air Brake Technologies by 4.4% in the 1st quarter. First Hawaiian Bank now owns 3,699 shares of the transportation company's stock valued at $539,000 after acquiring an additional 157 shares during the period. Watchman Group Inc. boosted its position in shares of Westinghouse Air Brake Technologies by 0.9% during the third quarter. Watchman Group Inc. now owns 28,921 shares of the transportation company's stock worth $3,073,000 after purchasing an additional 269 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Westinghouse Air Brake Technologies by 36.8% in the 1st quarter. V Square Quantitative Management LLC now owns 2,624 shares of the transportation company's stock valued at $382,000 after buying an additional 706 shares during the period. Industrial Alliance Investment Management Inc. bought a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at $498,000. Finally, BNP Paribas Financial Markets raised its stake in Westinghouse Air Brake Technologies by 7.7% during the 4th quarter. BNP Paribas Financial Markets now owns 81,916 shares of the transportation company's stock worth $10,395,000 after buying an additional 5,859 shares during the period. Institutional investors own 91.69% of the company's stock.

About Westinghouse Air Brake Technologies

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.