Westinghouse Air Brake Technologies (NYSE:WAB) PT Raised to $205.00 at The Goldman Sachs Group

Westinghouse Air Brake Technologies (NYSE:WAB) had its target price increased by equities researchers at The Goldman Sachs Group from $181.00 to $205.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 9.61% from the stock’s current price.

Several other research firms have also recently issued reports on WAB. Susquehanna raised their price target on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a report on Monday. Bank of America raised their target price on Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Stephens raised their price target on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $171.80.

Westinghouse Air Brake Technologies Price Performance

Shares of WAB stock traded down $0.31 during trading hours on Thursday, hitting $187.03. 25,744 shares of the company’s stock were exchanged, compared to its average volume of 1,082,235. The stock’s 50-day moving average is $174.74 and its 200-day moving average is $165.38. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.38 and a quick ratio of 0.73. The stock has a market cap of $32.76 billion, a price-to-earnings ratio of 32.81, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27. Westinghouse Air Brake Technologies has a 52 week low of $102.16 and a 52 week high of $192.48.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.86 by $0.14. The company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 earnings per share. As a group, research analysts forecast that Westinghouse Air Brake Technologies will post 7.47 EPS for the current year.

Insider Transactions at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, insider Alicia Hammersmith sold 4,169 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $165.54, for a total value of $690,136.26. Following the completion of the transaction, the insider now owns 5,606 shares of the company’s stock, valued at $928,017.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Westinghouse Air Brake Technologies news, CTO Eric Gebhardt sold 7,422 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $156.32, for a total value of $1,160,207.04. Following the completion of the transaction, the chief technology officer now owns 22,411 shares of the company’s stock, valued at $3,503,287.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alicia Hammersmith sold 4,169 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $165.54, for a total value of $690,136.26. Following the completion of the transaction, the insider now directly owns 5,606 shares of the company’s stock, valued at approximately $928,017.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,392 shares of company stock valued at $2,754,390. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of WAB. Pinnacle Bancorp Inc. grew its position in shares of Westinghouse Air Brake Technologies by 55.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock valued at $28,000 after buying an additional 55 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Westinghouse Air Brake Technologies by 26.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock valued at $90,000 after buying an additional 118 shares during the last quarter. UMB Bank n.a. grew its position in shares of Westinghouse Air Brake Technologies by 3.4% in the 2nd quarter. UMB Bank n.a. now owns 4,701 shares of the transportation company’s stock valued at $743,000 after buying an additional 156 shares during the last quarter. Eastern Bank bought a new stake in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at about $33,000. Finally, Plato Investment Management Ltd grew its position in shares of Westinghouse Air Brake Technologies by 2.3% in the 2nd quarter. Plato Investment Management Ltd now owns 11,522 shares of the transportation company’s stock valued at $1,821,000 after buying an additional 261 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

About Westinghouse Air Brake Technologies

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.