At the time of writing, Westinghouse Air Brake Technologies Corp [WAB] stock is trading at $198.10, up 3.26%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WAB shares have gain 3.05% over the last week, with a monthly amount drifted -2.82%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Westinghouse Air Brake Technologies Corp fluctuated between $125.56 and $207.51. Currently, Wall Street analysts expect the stock to reach $212.5 within the next 12 months. Westinghouse Air Brake Technologies Corp [NYSE: WAB] shares were valued at $198.10 at the most recent close of the market. An investor can expect a potential return of 7.27% based on the average WAB price forecast.
Analyzing the WAB fundamentals
According to Westinghouse Air Brake Technologies Corp [NYSE:WAB], the company’s sales were 10.33B for trailing twelve months, which represents an 4.43% jump. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.1 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.39.
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 194.45 points at the first support level, and at 190.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 200.50, and for the 2nd resistance point, it is at 202.90.
Ratios To Look Out For
It is important to note that Westinghouse Air Brake Technologies Corp [NYSE:WAB] has a current ratio of 1.30. Also, the Quick Ratio is 0.65, while the Cash Ratio stands at 0.11. Considering the valuation of this stock, the price to sales ratio is 3.30, the price to book ratio is 3.32 and price to earnings (TTM) ratio is 32.99.
Transactions by insiders
Recent insider trading involved Sbrocco Gregory, EVP Operations, that happened on Nov 26 ’24 when 565.0 shares were sold. Officer, Sbrocco Gregory completed a deal on Nov 26 ’24 to buy 565.0 shares. Meanwhile, Director NEUPAVER ALBERT J sold 10000.0 shares on Nov 11 ’24.
