Westinghouse Air Brake Technologies Corp [WAB] stock prices are down -0.05% to $164.04 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 lost -0.47% over the last week, with a monthly amount glided 9.35%, 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 April 25, 2024, when TD Cowen reiterated its Hold rating and also boosted its price target to $147 from $130. Previously, TD Cowen reaffirmed its Market Perform rating on February 15, 2024, and elevated its price target to $130. On February 15, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $135 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $150 on January 16, 2024. Jefferies upgraded its rating to a Buy. Morgan Stanley started tracking with a Overweight rating for this stock on January 08, 2024, and assigned it a price target of $137. In a note dated December 01, 2023, Susquehanna initiated an Positive rating and provided a target price of $150 on this stock.
The stock price of Westinghouse Air Brake Technologies Corp [WAB] has been fluctuating between $98.70 and $170.83 over the past year. Currently, Wall Street analysts expect the stock to reach $147.2 within the next 12 months. Westinghouse Air Brake Technologies Corp [NYSE: WAB] shares were valued at $164.04 at the most recent close of the market. An investor can expect a potential drop of -10.27% based on the average WAB price forecast.
Analyzing the WAB fundamentals
The Westinghouse Air Brake Technologies Corp [NYSE:WAB] reported sales of 10.22B for trailing twelve months, representing a surge of 9.85%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.1 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.38.
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 163.02 points at the first support level, and at 161.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 164.96, and for the 2nd resistance point, it is at 165.88.
Ratios To Look Out For
It’s worth pointing out that Westinghouse Air Brake Technologies Corp [NYSE:WAB]’s Current Ratio is 1.38. As well, the Quick Ratio is 0.73, while the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 2.81, the price to book ratio is 2.75 and price to earnings (TTM) ratio is 28.68.
Transactions by insiders
Recent insider trading involved David L. DeNinno, Affiliate, that happened on Aug 28 ’24 when 3000.0 shares were purchased. President – Services Group, Hammersmith Alicia completed a deal on Aug 26 ’24 to sell 4169.0 shares. Meanwhile, Officer Hammersmith Alicia bought 4169.0 shares on Aug 26 ’24.
