Westinghouse Air Brake Technologies Co. (NYSE:WAB) Given Average Rating of “Moderate Buy” by Brokerages

Westinghouse Air Brake Technologies Co. (NYSE:WAB) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $188.50.

Several research analysts have weighed in on the company. The Goldman Sachs Group boosted their price target 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. Susquehanna upped their price target on shares of 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. Stephens lifted their price objective on shares of Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Bank of America boosted their price objective on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, KeyCorp raised their target price on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th.

Westinghouse Air Brake Technologies Price Performance

NYSE:WAB opened at $207.34 on Friday. The stock’s 50-day simple moving average is $198.94 and its 200 day simple moving average is $184.73. Westinghouse Air Brake Technologies has a 52-week low of $131.33 and a 52-week high of $210.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 1.30. The company has a market cap of $35.64 billion, a P/E ratio of 34.56, a P/E/G ratio of 1.33 and a beta of 1.27.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Several hedge funds have recently bought and sold shares of the stock. Pinnacle Bancorp Inc. increased its stake in shares of Westinghouse Air Brake Technologies by 55.0% during the third quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock worth $28,000 after purchasing an additional 55 shares during the period. Eastern Bank acquired a new position in Westinghouse Air Brake Technologies in the 3rd quarter valued at $33,000. Garde Capital Inc. bought a new position in Westinghouse Air Brake Technologies during the 3rd quarter worth $110,000. Camden National Bank bought a new position in Westinghouse Air Brake Technologies during the 3rd quarter worth $222,000. Finally, Longboard Asset Management LP acquired a new stake in shares of Westinghouse Air Brake Technologies during the fourth quarter worth $252,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.