Westinghouse Air Brake Technologies' (WAB) Overweight Rating Reiterated at Stephens

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report)'s stock had its "overweight" rating reissued by research analysts at Stephens in a research note issued on Thursday,Benzinga reports. They currently have a $220.00 price objective on the transportation company's stock. Stephens' price target indicates a potential upside of 16.94% from the stock's current price.

A number of other equities research analysts have also commented on WAB. Susquehanna raised their price target on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a "positive" rating in a research report on Monday, October 21st. KeyCorp boosted their price objective on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Bank of America lifted their price target on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Finally, The Goldman Sachs Group upped their price objective on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.33.

Westinghouse Air Brake Technologies Trading Down 4.2 %

NYSE:WAB traded down $8.34 on Thursday, hitting $188.14. 1,949,399 shares of the stock were exchanged, compared to its average volume of 817,563. The stock has a market capitalization of $32.34 billion, a price-to-earnings ratio of 31.36, a P/E/G ratio of 1.33 and a beta of 1.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 1.30. Westinghouse Air Brake Technologies has a 52 week low of $132.77 and a 52 week high of $210.88. The company's 50-day moving average price is $198.65 and its 200 day moving average price is $186.65.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last released its earnings results on Wednesday, February 12th. The transportation company reported $1.68 EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. On average, equities research analysts forecast that Westinghouse Air Brake Technologies will post 7.6 earnings per share for the current year.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Several large investors have recently bought and sold shares of the company. Eastern Bank acquired a new position in Westinghouse Air Brake Technologies during the 3rd quarter worth about $33,000. Garde Capital Inc. acquired a new stake in shares of Westinghouse Air Brake Technologies during the third quarter worth $110,000. Dorsey & Whitney Trust CO LLC acquired a new position in Westinghouse Air Brake Technologies in the fourth quarter valued at $204,000. Camden National Bank bought a new stake in Westinghouse Air Brake Technologies during the third quarter valued at $222,000. Finally, Longboard Asset Management LP acquired a new stake in Westinghouse Air Brake Technologies during the 4th quarter worth about $252,000. 91.69% of the stock is currently owned by institutional investors.

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.