Westinghouse Air Brake Technologies (NYSE:WAB) Given New $205.00 Price Target at The Goldman Sachs Group

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) had its price target lifted by equities researchers at The Goldman Sachs Group from $181.00 to $205.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the transportation company's stock. The Goldman Sachs Group's price target suggests a potential upside of 8.42% from the stock's previous close.

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

Westinghouse Air Brake Technologies Price Performance

NYSE WAB traded up $1.74 on Thursday, hitting $189.08. The stock had a trading volume of 1,385,086 shares, compared to its average volume of 1,088,893. The company has a market capitalization of $33.12 billion, a price-to-earnings ratio of 33.17, 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. The firm has a 50-day moving average of $175.35 and a 200-day moving average of $165.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 1.38.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.14. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter last year, the company posted $1.70 EPS. The company's revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts expect that Westinghouse Air Brake Technologies will post 7.47 EPS for the current year.

Insider Buying and Selling

In related news, insider Alicia Hammersmith sold 4,169 shares of the company's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $165.54, for a total transaction of $690,136.26. Following the completion of the transaction, the insider now owns 5,606 shares in the company, valued at $928,017.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Westinghouse Air Brake Technologies news, Director Brian Hehir sold 1,000 shares of the firm's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $161.62, for a total transaction of $161,620.00. Following the completion of the transaction, the director now owns 23,230 shares of the company's stock, valued at approximately $3,754,432.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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 transaction of $690,136.26. Following the completion of the sale, the insider now directly owns 5,606 shares in the company, valued at $928,017.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,392 shares of company stock valued at $2,754,390 over the last ninety days. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pinnacle Bancorp Inc. boosted 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 worth $28,000 after purchasing an additional 55 shares in the last quarter. Eastern Bank bought a new stake in Westinghouse Air Brake Technologies in the third quarter worth $33,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Westinghouse Air Brake Technologies by 26.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company's stock worth $90,000 after acquiring an additional 118 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in shares of Westinghouse Air Brake Technologies during the first quarter valued at $204,000. Finally, Bridges Investment Management Inc. purchased a new position in shares of Westinghouse Air Brake Technologies in the 2nd quarter worth about $360,000. Hedge funds and other institutional investors 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.