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NYSE:WAB

Westinghouse Air Brake Technologies - WAB Stock Forecast, Price & News

$95.74
-0.50 (-0.52%)
(As of 08/15/2022 03:15 PM ET)
Add
Compare
Today's Range
$95.19
$96.00
50-Day Range
$80.57
$96.24
52-Week Range
$78.26
$100.04
Volume
8,842 shs
Average Volume
1.06 million shs
Market Capitalization
$17.49 billion
P/E Ratio
27.99
Dividend Yield
0.62%
Price Target
$100.00

Westinghouse Air Brake Technologies MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
4.5% Upside
$100.00 Price Target
Short Interest
Healthy
1.97% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.05
Upright™ Environmental Score
News Sentiment
0.32mentions of Westinghouse Air Brake Technologies in the last 14 days
Based on 24 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.68%
From $4.89 to $5.51 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.17 out of 5 stars

Transportation Sector

69th out of 128 stocks

Railroad Equipment Industry

3rd out of 5 stocks

WAB stock logo

About Westinghouse Air Brake Technologies (NYSE:WAB) Stock

Westinghouse Air Brake Technologies Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new commuter locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems. It serves publicly traded railroads; leasing companies; manufacturers of original equipment, including locomotives and freight cars; and utilities. The Transit segment manufactures and services components for new and existing passenger transit vehicles, such as regional trains, high speed trains, subway cars, light-rail vehicles, and buses; refurbishes subway cars; and provides heating, ventilation, and air conditioning equipment, as well as doors for buses and subways. This segment serves public transit authorities and municipalities, leasing companies, and manufacturers of subway cars and buses. It also provides electronically controlled pneumatic braking products; railway electronics; freight car trucks; draft gears, couplers, and slack adjusters; air compressors and dryers; heat exchangers and cooling products; and track and switch products. In addition, the company offers railway braking equipment and related components; friction products; new switcher locomotives; transit locomotive and car overhaul services; and freight locomotive overhaul, modernizations, and refurbishment services. Further, it provides platform screen doors; pantographs; window assemblies; couplers; accessibility lifts and ramps for buses and subway cars; and traction motors. The company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.

Westinghouse Air Brake Technologies Trading Up 1.8 %

Shares of WAB Stock opened at $96.24 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.27 and a quick ratio of 0.67. Westinghouse Air Brake Technologies has a 1-year low of $78.26 and a 1-year high of $100.04. The business's fifty day moving average price is $87.31 and its 200 day moving average price is $90.00. The firm has a market capitalization of $17.58 billion, a PE ratio of 28.14, a P/E/G ratio of 1.49 and a beta of 1.53.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Rating) last announced its quarterly earnings results on Friday, August 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.01. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.07 billion. Westinghouse Air Brake Technologies had a net margin of 7.99% and a return on equity of 8.57%. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.06 earnings per share. As a group, sell-side analysts forecast that Westinghouse Air Brake Technologies will post 4.89 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Shareholders of record on Monday, August 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Friday, August 12th. Westinghouse Air Brake Technologies's dividend payout ratio is currently 17.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Atlantic Securities began coverage on Westinghouse Air Brake Technologies in a report on Monday, May 23rd. They set an "overweight" rating and a $101.00 price target for the company. Morgan Stanley raised their price objective on shares of Westinghouse Air Brake Technologies from $84.00 to $87.00 and gave the company an "equal weight" rating in a research note on Monday, August 8th. Wolfe Research upgraded Westinghouse Air Brake Technologies from an "underperform" rating to a "market perform" rating in a report on Thursday, April 28th. Finally, StockNews.com upgraded Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, May 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $100.00.

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WAB Stock News Headlines

Wabtec Results Were Great And I'm Still Avoiding It
Expert Ratings for Westinghouse Air Brake
Westinghouse Air Brake Earnings Preview
Where Westinghouse Air Brake Stands With Analysts
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WAB Company Calendar

Ex-Dividend for 5/27 Dividend
5/19/2022
Dividend Payable
5/27/2022
Last Earnings
8/05/2022
Ex-Dividend for 8/29 Dividend
8/12/2022
Today
8/15/2022
Dividend Payable
8/29/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Railroad equipment
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
92974010
Employees
25,000
Year Founded
1869

Price Target and Rating

Average Stock Price Forecast
$100.00
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$87.00
Forecasted Upside/Downside
+4.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$558 million
Pretax Margin
10.52%

Debt

Sales & Book Value

Annual Sales
$7.82 billion
Cash Flow
$6.63 per share
Book Value
$54.81 per share

Miscellaneous

Free Float
180,420,000
Market Cap
$17.49 billion
Optionable
Optionable
Beta
1.53

Social Links


Key Executives














WAB Stock - Frequently Asked Questions

Should I buy or sell Westinghouse Air Brake Technologies stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westinghouse Air Brake Technologies in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" WAB shares.
View WAB analyst ratings
or view top-rated stocks.

What is Westinghouse Air Brake Technologies' stock price forecast for 2022?

7 Wall Street research analysts have issued 12-month target prices for Westinghouse Air Brake Technologies' stock. Their WAB share price forecasts range from $87.00 to $110.00. On average, they expect the company's stock price to reach $100.00 in the next year. This suggests a possible upside of 3.9% from the stock's current price.
View analysts price targets for WAB
or view top-rated stocks among Wall Street analysts.

How have WAB shares performed in 2022?

Westinghouse Air Brake Technologies' stock was trading at $92.11 on January 1st, 2022. Since then, WAB shares have increased by 4.5% and is now trading at $96.24.
View the best growth stocks for 2022 here
.

Are investors shorting Westinghouse Air Brake Technologies?

Westinghouse Air Brake Technologies saw a increase in short interest in July. As of July 15th, there was short interest totaling 3,810,000 shares, an increase of 67.1% from the June 30th total of 2,280,000 shares. Based on an average trading volume of 925,100 shares, the days-to-cover ratio is currently 4.1 days. Currently, 2.2% of the company's shares are short sold.
View Westinghouse Air Brake Technologies' Short Interest
.

When is Westinghouse Air Brake Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our WAB earnings forecast
.

How were Westinghouse Air Brake Technologies' earnings last quarter?

Westinghouse Air Brake Technologies Co. (NYSE:WAB) announced its quarterly earnings results on Friday, August, 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.01. The transportation company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.07 billion. Westinghouse Air Brake Technologies had a trailing twelve-month return on equity of 8.57% and a net margin of 7.99%. The firm's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.06 earnings per share.

How often does Westinghouse Air Brake Technologies pay dividends? What is the dividend yield for Westinghouse Air Brake Technologies?

Westinghouse Air Brake Technologies announced a quarterly dividend on Friday, July 22nd. Investors of record on Monday, August 15th will be paid a dividend of $0.15 per share on Monday, August 29th. This represents a $0.60 annualized dividend and a yield of 0.62%. The ex-dividend date is Friday, August 12th.
Read our dividend analysis for WAB
.

Is Westinghouse Air Brake Technologies a good dividend stock?

Westinghouse Air Brake Technologies (NYSE:WAB) pays an annual dividend of $0.60 per share and currently has a dividend yield of 0.62%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 17.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WAB will have a dividend payout ratio of 10.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WAB.

What guidance has Westinghouse Air Brake Technologies issued on next quarter's earnings?

Westinghouse Air Brake Technologies issued an update on its FY 2022 earnings guidance on Friday, August, 12th. The company provided EPS guidance of $4.70-$5.00 for the period. The company issued revenue guidance of $8.30 billion-$8.60 billion, compared to the consensus revenue estimate of $8.38 billion.

What is Rafael Santana's approval rating as Westinghouse Air Brake Technologies' CEO?

26 employees have rated Westinghouse Air Brake Technologies Chief Executive Officer Rafael Santana on Glassdoor.com. Rafael Santana has an approval rating of 71% among the company's employees.

What other stocks do shareholders of Westinghouse Air Brake Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Westinghouse Air Brake Technologies investors own include General Electric (GE), Johnson & Johnson (JNJ), Walt Disney (DIS), Intel (INTC), Honeywell International (HON), NVIDIA (NVDA), Pfizer (PFE), AT&T (T), CVS Health (CVS) and Verizon Communications (VZ).

What is Westinghouse Air Brake Technologies' stock symbol?

Westinghouse Air Brake Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "WAB."

Who are Westinghouse Air Brake Technologies' major shareholders?

Westinghouse Air Brake Technologies' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Pzena Investment Management LLC (5.24%), Credit Suisse AG (0.62%), Russell Investments Group Ltd. (0.35%), Rhumbline Advisers (0.17%), Nicholas Company Inc. (0.10%) and Border to Coast Pensions Partnership Ltd (0.09%). Insiders that own company stock include Albert J Neupaver, David L Deninno, David L Deninno, Erwan Faiveley, John A Mastalerz Jr, John A Olin, Linda S Harty, Michael W D Howell, Nalin Jain, Patrick D Dugan and William E Kassling.
View institutional ownership trends
.

How do I buy shares of Westinghouse Air Brake Technologies?

Shares of WAB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Westinghouse Air Brake Technologies' stock price today?

One share of WAB stock can currently be purchased for approximately $96.24.

How much money does Westinghouse Air Brake Technologies make?

Westinghouse Air Brake Technologies (NYSE:WAB) has a market capitalization of $17.58 billion and generates $7.82 billion in revenue each year. The transportation company earns $558 million in net income (profit) each year or $3.42 on an earnings per share basis.

How many employees does Westinghouse Air Brake Technologies have?

The company employs 25,000 workers across the globe.

Does Westinghouse Air Brake Technologies have any subsidiaries?

The following companies are subsidiares of Westinghouse Air Brake Technologies: A M Rail Group Limited, A M Signalling Design Limited, A and M Signalling Services Private Limited, AM General Contractors SpA, ANNAX GmbH, Aero Transportation Products Inc, Annax (Suzhou) Rail Systems Co. Ltd, Annax GmbH, Annax Scheiz AG, Ateliers Hubert Gerken S.A., Austbreck Pty Ltd., Barber Steel Foundry Corp., Barber Tian Rui Railway Supply LLC, Bearward Engineering Limited, Becorit GmbH, Beijing Wabtec Huaxia Technology Company Ltd., Brecknell Willis & Co. Ltd., Brecknell Willis (Tianjin) Electrification Systems Co. Ltd., CZ-Carbon Prodcuts s.r.o., Cambridge Forming and Cutting Ltd., Changzhou CRRC GE Diesel Engine Company Limited., CoFren S.A.S., CoFren S.r.l., Coleman Hydraulics Limited, Datong Faiveley Railway Vehicle Equipment Co. Ltd., Deptol Limited, Durox Company, E-Carbon Asia Sdn. Bhd., E-Carbon China Co. Ltd., E-Carbon Far East Limited, E-Carbon Far East Ltd. Shanghai, E-Carbon H.K. Limited, E-Carbon S.A., East Erie Commercial Railroad, Electrical Carbon UK Limited, Evand Pty Ltd., Faiveley Rail Engineering Singapore Pte Ltd , Faiveley Transport Amiens, Faiveley Transport Asia Pacific Ltd., Faiveley Transport Australia Ltd., Faiveley Transport Birkenhead Ltd., Faiveley Transport Canada Inc., Faiveley Transport Chile Ltda., Faiveley Transport Czech a.s., Faiveley Transport DO Brasil Ltda., Faiveley Transport Far East Ltd, Faiveley Transport Holding Gmbh & co KG, Faiveley Transport Iberica SA, Faiveley Transport Italia Spa, and General Electric Transportation.
Read More

When was Westinghouse Air Brake Technologies founded?

Westinghouse Air Brake Technologies was founded in 1869.

How can I contact Westinghouse Air Brake Technologies?

Westinghouse Air Brake Technologies' mailing address is 30 ISABELLA STREET, PITTSBURGH PA, 15212. The official website for the company is www.wabtec.com. The transportation company can be reached via phone at (412) 825-1000, via email at kristine.kubacki@wabtec.com, or via fax at 412-825-1019.

This page (NYSE:WAB) was last updated on 8/15/2022 by MarketBeat.com Staff

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