Wabtec (NYSE:WAB) Now Covered by Analysts at Citigroup

Key Points

• Wabtec has been upgraded to a "strong-buy" rating by Citigroup, reflecting positive investor sentiment about the company's future.
• Other analysts have mixed ratings, with a consensus rating of "Moderate Buy" and a target price of $222.88.
• Wabtec reported a quarterly EPS of $2.27, beating expectations, and had revenues of $2.71 billion, which showcases year-over-year growth.

Analysts at Citigroup initiated coverage on shares of Wabtec (NYSE:WAB - Get Free Report) in a research report issued on Monday, MarketBeat Ratings reports. The brokerage set a "buy" rating and a $225.00 price target on the transportation company's stock. Citigroup's target price points to a potential upside of 13.66% from the stock's current price.

Other research analysts also recently issued reports about the company. Morgan Stanley upped their price target on Wabtec from $220.00 to $226.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. KeyCorp reaffirmed an "overweight" rating and set a $240.00 price target (up from $220.00) on shares of Wabtec in a research note on Tuesday, June 24th. JPMorgan Chase & Co. dropped their price target on Wabtec from $216.00 to $200.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Wall Street Zen downgraded Wabtec from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Bank of America upped their price target on Wabtec from $231.00 to $236.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $222.88.

Wabtec Stock Up 4.9%

Shares of NYSE:WAB opened at $197.97 on Monday. The company has a market capitalization of $33.84 billion, a price-to-earnings ratio of 29.55, a P/E/G ratio of 1.50 and a beta of 1.11. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 1.05. The business's 50-day moving average is $194.63 and its 200-day moving average is $193.05. Wabtec has a 1 year low of $151.81 and a 1 year high of $216.10.

Wabtec (NYSE:WAB - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The transportation company reported $2.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.18 by $0.09. Wabtec had a return on equity of 13.65% and a net margin of 10.92%.The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the business earned $1.96 EPS. The firm's revenue was up 2.3% compared to the same quarter last year. Wabtec has set its FY 2025 guidance at 8.550-9.150 EPS. Equities research analysts predict that Wabtec will post 8.54 earnings per share for the current year.

Insider Activity

In other Wabtec news, CEO Rafael Santana sold 1,798 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $189.63, for a total transaction of $340,954.74. Following the sale, the chief executive officer owned 134,931 shares in the company, valued at $25,586,965.53. This represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 5,369 shares of company stock worth $1,042,586 in the last quarter. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Wabtec

Several institutional investors have recently made changes to their positions in WAB. ST Germain D J Co. Inc. grew its stake in shares of Wabtec by 30.2% in the second quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company's stock worth $43,000 after purchasing an additional 48 shares during the last quarter. PFS Partners LLC grew its stake in shares of Wabtec by 70.4% in the second quarter. PFS Partners LLC now owns 121 shares of the transportation company's stock worth $25,000 after purchasing an additional 50 shares during the last quarter. Trust Co. of Vermont grew its stake in shares of Wabtec by 44.2% in the second quarter. Trust Co. of Vermont now owns 163 shares of the transportation company's stock worth $34,000 after purchasing an additional 50 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Wabtec by 7.3% in the second quarter. Parkside Financial Bank & Trust now owns 797 shares of the transportation company's stock worth $167,000 after purchasing an additional 54 shares during the last quarter. Finally, CVA Family Office LLC grew its stake in shares of Wabtec by 7.9% in the second quarter. CVA Family Office LLC now owns 748 shares of the transportation company's stock worth $157,000 after purchasing an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company's stock.

Wabtec 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.