BidaskClub Upgrades Westinghouse Air Brake Technologies Corporation (WAB) to "Strong-Buy"

Author

16 July, 2017

WAB's profit would be $88.52 million giving it 23.89 P/E if the $0.94 EPS is correct. The stock of Westinghouse Air Brake Technologies Corp (NYSE:WAB) earned "Neutral" rating by Longbow on Wednesday, October 26. It has underperformed by 9.31% the S&P500. The Qv Investors Inc holds 136,396 shares with $11.32M value, up from 131,802 last quarter. State Natl Cos Inc now has $746.94 million valuation.

The stock decreased 1.88% or $1.73 during the last trading session, reaching $90.24. About 350,136 shares traded.

Since February 27, 2017, it had 0 insider purchases, and 6 selling transactions for $3.39 million activity. Hehir Brian sold 1,500 shares worth $121,097. 400 shares were sold by Kiscaden Bradley James, worth $379,200. On Tuesday, February 28 the insider Betler Raymond T sold $425,380.

Westinghouse Air Brake Technologies Corporation earned a media sentiment score of 0.31 on Accern's scale. Its up 0.13, from 0.83 in 2016Q3.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) was upgraded by analysts at BidaskClub from a "buy" rating to a "strong-buy" rating in a research note issued on Wednesday, July 5th. Buffington Mohr McNeal raised its position in Westinghouse Air Brake Technologies Corporation by 1.9% in the second quarter. S Muoio Llc holds 0.2% in KAR Auction Services Inc (NYSE:KAR) or 9,021 shares. Bnp Paribas Arbitrage Sa holds 0.01% of its portfolio in Markel Corporation (NYSE:MKL) for 2,792 shares. Vigilant Lc reported 300 shares. Macquarie stated it has 29,215 shares. Stephens Ar has 0.01% invested in Markel Corporation (NYSE:MKL) for 241 shares. Millennium Mngmt Limited reported 0.08% stake. Laurel Grove Capital, LLC now holds 63,875 shares worth $5,845,000. Russell Investments Group Ltd. raised its position in shares of Westinghouse Air Brake Technologies Corporation by 141.8% in the first quarter. Keybank Association Oh owns 5,335 shares for 0% of their portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt invested in 13,187 shares or 0.02% of the stock. Altarock Prtn Ltd Liability has 689,826 shares for 8.39% of their portfolio. The transportation company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.83 by $0.01. The value of the total investment in Westinghouse Air Brake Technolo went from $18,612,000 to $27,219,000 a change of $8,607,000 for the reporting period.

The Business's products include specialty products and electronics, including positive train control equipment and electronically controlled pneumatic braking products; railway electronics, including event recorders, monitoring equipment and end of train devices; signal design and engineering services; freight vehicle trucks and couplers; draft gears, couplers and slack adjusters; air compressors and dryers; heat exchangers and cooling products for locomotives and power generation equipment, and track and switch products; brake products, including railway braking equipment and related components for freight and transit applications, and friction products, including brake shoes and pads; remanufacturing, overhaul and build, such as commuter and switcher locomotives, and transit auto, and locomotive overhaul and refurbishment. Wabtec Corp now has $8.50 billion valuation. The Company provides its products and services through two principal business segments: the Freight Segment and the Transit Segment. It has a 28.96 P/E ratio. The Freight Segment primarily makes and services components for new and existing freight cars and locomotives, manufactures new switcher locomotives, rebuilds freight locomotives, supplies railway electronics, positive train control equipment, signal design and engineering services, and provides related heat exchange and cooling systems. Therefore 89% are positive. On December 21, 2015 the stock rating was changed to a "Buy" according to a Stifel Nicolaus report up from the previous "Hold" rating. The stock presently has an average rating of "Buy" and an average target price of $96.75. On Monday, December 21 the stock rating was upgraded by Stifel Nicolaus to "Buy". The firm has "Gradually Accumulate" rating given on Friday, April 7 by Wellington Shields. Westinghouse Air Brake Technologies Corp (NYSE:WAB) has risen 7.39% since July 13, 2016 and is uptrending.

Deutsche Bank started covering WAB setting a rating of "Buy" and price target of $90.00. The rating was initiated by Longbow on Wednesday, June 21 with "Buy". The firm has "Outperform" rating given on Wednesday, October 26 by Wolfe Research. The stock of Westinghouse Air Brake Technologies Corp (NYSE:WAB) has "Overweight" rating given on Wednesday, April 26 by KeyBanc Capital Markets. Therefore 86% are positive. The rating was initiated by JMP Securities with "Market Outperform" on Friday, October 2. Robeco Institutional Asset Management Bv invested in 1,190 shares. Freightcar America pays out 1,800.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

Several hedge funds have recently bought and sold shares of WAB. Utd Automobile Association owns 119,594 shares or 0.01% of their U.S. portfolio. The dividend payment will be $0.120 per share for the quarter or $0.48 annualized. Pacific Global Mgmt holds 12,142 shares. Blackrock Grp Inc Limited accumulated 580,948 shares or 0.02% of the stock. Eubel Brady & Suttman Asset Mngmt invested in 0.08% or 19,545 shares.


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