Westinghouse Air Brake Technologies Corp [WAB] stock prices are up 10.04% to $163.38 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WAB shares have gain 13.03% over the last week, with a monthly amount glided 14.39%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Westinghouse Air Brake Technologies Corp [NYSE: WAB] stock has seen the most recent analyst activity on February 15, 2024, when TD Cowen reiterated its Market Perform rating and also boosted its price target to $130 from $125. Previously, Redburn Atlantic downgraded its rating to Neutral on February 15, 2024, and kept the price target unchanged to $135. On January 16, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $150 on the stock. Jefferies upgraded its rating to a Buy. Morgan Stanley initiated its recommendation with a Overweight and recommended $137 as its price target on January 08, 2024. Susquehanna started tracking with a Positive rating for this stock on December 01, 2023, and assigned it a price target of $150. In a note dated July 28, 2023, TD Cowen downgraded an Market Perform rating on this stock and boosted its target price from $114 to $125.
The stock price of Westinghouse Air Brake Technologies Corp [WAB] has been fluctuating between $91.89 and $151.00 over the past year. Currently, Wall Street analysts expect the stock to reach $120.25 within the next 12 months. Westinghouse Air Brake Technologies Corp [NYSE: WAB] shares were valued at $163.38 at the most recent close of the market. An investor can expect a potential drop of -26.4% based on the average WAB price forecast.
Analyzing the WAB fundamentals
The Westinghouse Air Brake Technologies Corp [NYSE:WAB] reported sales of 9.68B for trailing twelve months, representing a surge of 9.54%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.11 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.38.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 160.34 points at the first support level, and at 157.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 166.95, and for the 2nd resistance point, it is at 170.53.
Westinghouse Air Brake Technologies Corp [WAB] reported earnings per share of $1.54 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.58/share, meaning a difference of -$0.04 and a surprise factor of -2.50%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $1.7 per share as compared to estimates of $1.46 per share, a difference of $0.24 representing a surprise of 16.40%.
Ratios To Look Out For
It’s worth pointing out that Westinghouse Air Brake Technologies Corp [NYSE:WAB]’s Current Ratio is 1.20. As well, the Quick Ratio is 0.63, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 2.99, the price to book ratio is 2.77 and price to earnings (TTM) ratio is 35.97.
Transactions by insiders
Recent insider trading involved Theophilus Nicole B, EVP & Chief H.R. Officer, that happened on Mar 15 ’24 when 2668.0 shares were sold. President and CEO, Santana Rafael completed a deal on Mar 14 ’24 to sell 40219.0 shares. Meanwhile, President Transit Schweitzer Pascal sold 6000.0 shares on Mar 11 ’24.
