Wabtec (NYSE:WAB) Receives $226.78 Consensus Target Price from Analysts

by · The Cerbat Gem

Shares of Wabtec (NYSE:WAB – Get Free Report) have received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $226.7778.

WAB has been the subject of a number of research reports. Bank of America boosted their price target on shares of Wabtec from $228.00 to $233.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Wells Fargo & Company assumed coverage on shares of Wabtec in a research report on Thursday, November 13th. They issued an “equal weight” rating and a $221.00 target price for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a research note on Wednesday, October 8th. Susquehanna lifted their price target on Wabtec from $235.00 to $240.00 and gave the stock a “positive” rating in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Wabtec from $200.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th.

Check Out Our Latest Analysis on WAB

Insider Activity

In other news, VP David L. Deninno sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $209.94, for a total value of $1,049,700.00. Following the completion of the sale, the vice president directly owned 55,450 shares in the company, valued at approximately $11,641,173. The trade was a 8.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory Sbrocco sold 2,953 shares of the stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $195.43, for a total transaction of $577,104.79. Following the transaction, the executive vice president directly owned 17,829 shares in the company, valued at approximately $3,484,321.47. This represents a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 25,436 shares of company stock valued at $5,145,024. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. ST Germain D J Co. Inc. grew its position in shares of Wabtec by 30.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 207 shares of the transportation company’s stock worth $43,000 after buying an additional 48 shares during the last quarter. PFS Partners LLC lifted its position in shares of Wabtec by 70.4% in the 2nd quarter. PFS Partners LLC now owns 121 shares of the transportation company’s stock worth $25,000 after purchasing an additional 50 shares during the period. Trust Co. of Vermont boosted its stake in shares of Wabtec by 44.2% during the 2nd quarter. Trust Co. of Vermont now owns 163 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 50 shares in the last quarter. CI Investments Inc. boosted its stake in shares of Wabtec by 6.1% during the 3rd quarter. CI Investments Inc. now owns 865 shares of the transportation company’s stock valued at $173,000 after purchasing an additional 50 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Wabtec by 7.3% during the second quarter. Parkside Financial Bank & Trust now owns 797 shares of the transportation company’s stock valued at $167,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wabtec Price Performance

Wabtec stock opened at $213.63 on Friday. The stock has a market cap of $36.52 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 1.61 and a beta of 0.99. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.45. The business has a 50-day simple moving average of $200.99 and a 200 day simple moving average of $199.96. Wabtec has a 52 week low of $151.81 and a 52 week high of $216.10.

Wabtec (NYSE:WAB – Get Free Report) last issued its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.04. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. Wabtec had a return on equity of 13.84% and a net margin of 10.94%.The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the company posted $2.00 EPS. Wabtec has set its FY 2025 guidance at 8.850-9.050 EPS. On average, research analysts forecast that Wabtec will post 8.54 earnings per share for the current fiscal year.

Wabtec Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $1.00 annualized dividend and a yield of 0.5%. Wabtec’s dividend payout ratio is currently 14.53%.

About Wabtec

(Get Free Report)

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.

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