In a report issued on April 29, Saree Boroditsky from Jefferies maintained a Hold rating on Westinghouse Air Brake Technologies (WAB – Research Report), with a price target of $85.00. The company’s shares closed last Tuesday at $80.22.
According to TipRanks.com, Boroditsky is a 3-star analyst with an average return of 19.1% and a 90.0% success rate. Boroditsky covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Carlisle Companies, and The Middleby.
Currently, the analyst consensus on Westinghouse Air Brake Technologies is a Moderate Buy with an average price target of $91.00, representing a 12.8% upside. In a report issued on April 30, Citigroup also maintained a Hold rating on the stock with a $88.00 price target.
Based on Westinghouse Air Brake Technologies’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.83 billion and net profit of $112 million. In comparison, last year the company earned revenue of $1.93 billion and had a net profit of $112 million.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WAB in relation to earlier this year.
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Westinghouse Air Brake Technologies Corp. engages in the provision of equipment, systems, and value-added services for the rail industry. It operates through the following segments: Freight and Transit. The Freight segment involves in the manufacture and offers services components for new and existing locomotives and freight cars; supplies rail control and infrastructure products such as electronics, positive train control equipment, and signal design and engineering services; overhauls locomotives; and provides heat exchangers and cooling systems for rail and other industrial markets. The Transit segments includes the manufacture and providing services components for new and existing passenger transit vehicles, including regional trains, high speed trains, subway cars, light-rail vehicles, and buses; supplies rail control and infrastructure products such as electronics, positive train control equipment, and signal design and engineering services; builds new commuter locomotives; and renovate passenger transit vehicles. The company was founded in 1869 and is headquartered in Pittsburgh, PA.