News coverage about Westinghouse Air Brake Technologies (NYSE:WAB) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Westinghouse Air Brake Technologies earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 45.6398276395798 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Several research analysts have recently issued reports on WAB shares. Zacks Investment Research raised Westinghouse Air Brake Technologies from a “sell” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Wednesday, October 18th. KeyCorp reaffirmed a “buy” rating and set a $100.00 price target on shares of Westinghouse Air Brake Technologies in a research note on Sunday, September 17th. Berenberg Bank started coverage on Westinghouse Air Brake Technologies in a research note on Thursday, September 7th. They set a “hold” rating and a $81.00 price target for the company. Buckingham Research cut their price target on Westinghouse Air Brake Technologies from $100.00 to $97.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. Finally, BidaskClub downgraded Westinghouse Air Brake Technologies from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $87.75.

Shares of Westinghouse Air Brake Technologies (NYSE:WAB) traded down $0.60 during mid-day trading on Friday, reaching $76.30. 573,306 shares of the company traded hands, compared to its average volume of 798,444. Westinghouse Air Brake Technologies has a 12-month low of $69.20 and a 12-month high of $93.81. The firm has a market cap of $7,330.00, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 1.87 and a beta of 1.08. The company has a quick ratio of 1.03, a current ratio of 1.55 and a debt-to-equity ratio of 0.67.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its earnings results on Tuesday, October 24th. The transportation company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.04. Westinghouse Air Brake Technologies had a net margin of 7.04% and a return on equity of 11.85%. The firm had revenue of $957.93 million during the quarter, compared to the consensus estimate of $947.18 million. During the same quarter in the previous year, the company posted $0.94 EPS. The firm’s revenue for the quarter was up 41.8% on a year-over-year basis. sell-side analysts predict that Westinghouse Air Brake Technologies will post 3.49 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 13th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Friday, November 10th. Westinghouse Air Brake Technologies’s payout ratio is 18.25%.

In related news, Director Robert J. Brooks sold 3,500 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $77.66, for a total value of $271,810.00. Following the completion of the transaction, the director now owns 84,221 shares of the company’s stock, valued at approximately $6,540,602.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David L. Deninno sold 1,917 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $76.10, for a total transaction of $145,883.70. Following the completion of the transaction, the vice president now directly owns 56,131 shares of the company’s stock, valued at approximately $4,271,569.10. The disclosure for this sale can be found here. Insiders own 11.69% of the company’s stock.

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Westinghouse Air Brake Technologies Company Profile

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.

Insider Buying and Selling by Quarter for Westinghouse Air Brake Technologies (NYSE:WAB)

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