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

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Westinghouse Air Brake Technologies in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" WAB shares.
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8 analysts have issued 1-year target prices for Westinghouse Air Brake Technologies' shares. Their WAB share price forecasts range from $101.00 to $120.00. On average, they predict the company's stock price to reach $111.83 in the next twelve months. This suggests a possible upside of 17.1% from the stock's current price.
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Westinghouse Air Brake Technologies' stock was trading at $99.81 on January 1st, 2023. Since then, WAB shares have decreased by 4.3% and is now trading at $95.50.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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Westinghouse Air Brake Technologies Co. (NYSE:WAB) posted its quarterly earnings results on Wednesday, February, 15th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.30. The transportation company earned $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. Westinghouse Air Brake Technologies had a trailing twelve-month return on equity of 8.88% and a net margin of 7.57%. The company's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.18 EPS.

Westinghouse Air Brake Technologies declared a quarterly dividend on Tuesday, February 14th. Investors of record on Friday, February 24th will be paid a dividend of $0.17 per share on Friday, March 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, February 23rd. This is a positive change from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for WAB.

ETFs with the largest weight of Westinghouse Air Brake Technologies (NYSE:WAB) stock in their portfolio include iShares Environmental Infrastructure and Industrials ETF (EFRA), American CenturyFocused Dynamic Growth ETF (FDG), Janus Henderson US Sustainable Equity ETF (SSPX), Alger 35 ETF (ATFV), Invesco Zacks Mid-Cap ETF (CZA), Proshares Equities For Rising Rates ETF (EQRR), FPA Global Equity ETF (FPAG) and Invesco S&P 500 Equal Weight Industrials ETF (RGI).

Westinghouse Air Brake Technologies (NYSE:WAB) pays an annual dividend of $0.68 per share and currently has a dividend yield of 0.71%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 19.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WAB will have a dividend payout ratio of 11.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WAB.

Westinghouse Air Brake Technologies updated its FY 2023 earnings guidance on Wednesday, February, 15th. The company provided earnings per share (EPS) guidance of $5.15-$5.55 for the period, compared to the consensus earnings per share estimate of $5.42. The company issued revenue guidance of $8.70 billion-$9.00 billion, compared to the consensus revenue estimate of $8.69 billion.

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.

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).

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

Westinghouse Air Brake Technologies' stock is owned by many different institutional and retail investors. Top institutional investors include Pzena Investment Management LLC (4.29%), Jackson Square Partners LLC (1.15%), Credit Suisse AG (0.55%), New York State Common Retirement Fund (0.32%), Russell Investments Group Ltd. (0.25%) and Millennium Management LLC (0.00%). Insiders that own company stock include Albert J Neupaver, Brian Hehir, David L Deninno, David L Deninno, Erwan Faiveley, John A Mastalerz Jr, John A Olin, Linda S Harty, Michael Fetsko, Michael W D Howell, Nalin Jain, Patrick D Dugan, Rafael Santana and William E Kassling.
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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.
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One share of WAB stock can currently be purchased for approximately $95.50.

Westinghouse Air Brake Technologies (NYSE:WAB) has a market capitalization of $17.22 billion and generates $8.36 billion in revenue each year. The transportation company earns $633 million in net income (profit) each year or $3.45 on an earnings per share basis.

The company employs 27,000 workers across the globe.

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.