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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westinghouse Air Brake Technologies in the last twelve months. There are currently 2 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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6 analysts have issued 1-year target prices for Westinghouse Air Brake Technologies' stock. Their WAB share price forecasts range from $87.00 to $110.00. On average, they predict the company's share price to reach $100.50 in the next year. This suggests a possible upside of 1.7% from the stock's current price.
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Westinghouse Air Brake Technologies' stock was trading at $92.11 at the start of the year. Since then, WAB stock has increased by 7.3% and is now trading at $98.86.
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Westinghouse Air Brake Technologies saw a increase in short interest in November. As of November 15th, there was short interest totaling 3,210,000 shares, an increase of 47.9% from the October 31st total of 2,170,000 shares. Based on an average daily volume of 858,000 shares, the days-to-cover ratio is currently 3.7 days. Currently, 1.8% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Westinghouse Air Brake Technologies Co. (NYSE:WAB) posted its quarterly earnings data on Tuesday, October, 26th. The transportation company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.02. The transportation company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.08 billion. Westinghouse Air Brake Technologies had a trailing twelve-month return on equity of 8.71% and a net margin of 8.18%. The firm's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 earnings per share.
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Westinghouse Air Brake Technologies declared a quarterly dividend on Friday, October 21st. Stockholders of record on Monday, November 14th will be given a dividend of $0.15 per share on Monday, November 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Thursday, November 10th.
Read our dividend analysis for WAB.

Westinghouse Air Brake Technologies (NYSE:WAB) pays an annual dividend of $0.60 per share and currently has a dividend yield of 0.61%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WAB will have a dividend payout ratio of 11.01% 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 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of $4.75-$4.95 for the period, compared to the consensus EPS estimate of $4.87. The company issued revenue guidance of $8.15 billion-$8.35 billion, compared to the consensus revenue estimate of $8.36 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), 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 number of institutional and retail investors. Top institutional investors include Pzena Investment Management LLC (4.88%), Mackenzie Financial Corp (1.32%), Beutel Goodman & Co Ltd. (1.29%), Credit Suisse AG (0.58%), Ensign Peak Advisors Inc (0.52%) and New York State Common Retirement Fund (0.32%). 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 Fetsko, 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 $98.86.

Westinghouse Air Brake Technologies (NYSE:WAB) has a market capitalization of $17.98 billion and generates $7.82 billion in revenue each year. The transportation company earns $558 million in net income (profit) each year or $3.61 on an earnings per share basis.

The company employs 25,000 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.