Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has been given an average rating of “Hold” by the thirteen ratings firms that are covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $91.43.

Several equities research analysts have weighed in on the stock. BidaskClub upgraded shares of Westinghouse Air Brake Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research cut shares of Westinghouse Air Brake Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Stifel Nicolaus raised their price objective on shares of Westinghouse Air Brake Technologies Corporation from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Buckingham Research assumed coverage on shares of Westinghouse Air Brake Technologies Corporation in a research report on Wednesday, June 21st. They issued a “buy” rating and a $104.00 price objective for the company. Finally, KeyCorp upgraded shares of Westinghouse Air Brake Technologies Corporation from a “sector weight” rating to an “overweight” rating and set a $100.00 price objective for the company in a research report on Tuesday, April 25th.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) traded down 0.39% on Tuesday, reaching $71.72. 839,068 shares of the company’s stock traded hands. The firm’s 50-day moving average is $82.71 and its 200 day moving average is $82.32. Westinghouse Air Brake Technologies Corporation has a 52-week low of $71.03 and a 52-week high of $93.81. The stock has a market capitalization of $6.88 billion, a PE ratio of 25.24 and a beta of 1.03.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last announced its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.14. Westinghouse Air Brake Technologies Corporation had a net margin of 8.10% and a return on equity of 13.07%. The firm had revenue of $932.25 million for the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the business earned $1.00 earnings per share. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. Analysts forecast that Westinghouse Air Brake Technologies Corporation will post $3.53 EPS for the current year.

Several large investors have recently modified their holdings of the company. Karp Capital Management Corp acquired a new stake in shares of Westinghouse Air Brake Technologies Corporation during the first quarter valued at approximately $2,928,000. Russell Investments Group Ltd. boosted its stake in shares of Westinghouse Air Brake Technologies Corporation by 141.8% in the first quarter. Russell Investments Group Ltd. now owns 463,107 shares of the transportation company’s stock valued at $36,123,000 after buying an additional 271,617 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Westinghouse Air Brake Technologies Corporation by 7.7% in the second quarter. Aperio Group LLC now owns 40,411 shares of the transportation company’s stock valued at $3,698,000 after buying an additional 2,877 shares in the last quarter. Mountain Pacific Investment Advisers Inc. ID boosted its stake in shares of Westinghouse Air Brake Technologies Corporation by 3.1% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 283,825 shares of the transportation company’s stock valued at $22,138,000 after buying an additional 8,420 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Westinghouse Air Brake Technologies Corporation by 40.2% in the first quarter. SG Americas Securities LLC now owns 36,995 shares of the transportation company’s stock valued at $2,886,000 after buying an additional 10,607 shares in the last quarter.

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About Westinghouse Air Brake Technologies Corporation

Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a provider of technology-based equipment and services for the global freight and transit rail industries. The Company’s segments include the Freight Segment and the Transit Segment. The Freight Segment primarily manufactures and services components for new and existing freight cars and locomotives, builds new switcher locomotives, rebuilds freight locomotives, supplies railway electronics, positive train control equipment, signal design and engineering services, and provides related heat exchange and cooling systems.

Analyst Recommendations for Westinghouse Air Brake Technologies Corporation (NYSE:WAB)

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