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

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

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.
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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.
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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.

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 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.
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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 $96.24.

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.

The company employs 25,000 workers across the globe.

Westinghouse Air Brake Technologies was founded in 1869.

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.