Westinghouse Air Brake Technologies Corporation (NYSE: WAB) is -5.94% lower on its value in year-to-date trading and has touched a low of $78.26 and a high of $100.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WAB stock was last observed hovering at around $86.92 in the last trading session, with the day’s loss setting it -0.28% off its average median price target of $102.00 for the next 12 months. It is also 29.56% off the consensus price target high of $123.00 offered by 15 analysts, but current levels are 0.41% higher than the price target low of $87.00 for the same period.
Currently trading at $86.64, the stock is -3.03% and -3.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing -0.32% at the moment leaves the stock -4.07% off its SMA200. WAB registered 1.00% gain for a year compared to 6-month loss of -9.46%.
The stock witnessed a -5.17% gain in the last 1 month and extending the period to 3 months gives it a 3.46%, and is -2.95% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.09% over the week and 2.43% over the month.
Westinghouse Air Brake Technologies Corporation (WAB) has around 25000 employees, a market worth around $16.11B and $7.95B in sales. Current P/E ratio is 25.42 and Fwd P/E is 15.74. Profit margin for the company is 7.90%. Distance from 52-week low is 10.71% and -13.40% from its 52-week high. The company has generated returns on investments over the last 12 months (4.90%).
Westinghouse Air Brake Technologies Corporation (WAB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Westinghouse Air Brake Technologies Corporation (WAB) is a “Overweight”. 15 analysts offering their recommendations for the stock have an average rating of 2.40, where 6 rate it as a Hold and 2 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Westinghouse Air Brake Technologies Corporation is expected to release its quarterly report on 11/03/2022.The EPS is expected to grow by 36.20% this year
Westinghouse Air Brake Technologies Corporation (WAB) Top Institutional Holders
The shares outstanding are 181.90M, and float is at 174.01M with Short Float at 1.36%.
Westinghouse Air Brake Technologies Corporation (WAB) Insider Activity
A total of 8 insider transactions have happened at Westinghouse Air Brake Technologies Corporation (WAB) in the last six months, with sales accounting for 1 and purchases happening 7 times. The most recent transaction is an insider sale by NEUPAVER ALBERT J, the company’s Director. SEC filings show that NEUPAVER ALBERT J sold 55,877 shares of the company’s common stock on Feb 22 at a price of $96.80 per share for a total of $5.41 million. Following the sale, the insider now owns 0.64 million shares.
Westinghouse Air Brake Technologies Corporation disclosed in a document filed with the SEC on Feb 18 that DeNinno David L (Exec VP, General Counsel, Sec.) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Feb 18 and was made at $95.36 per share for $0.48 million. Following the transaction, the insider now directly holds 68645.0 shares of the WAB stock.
Still, SEC filings show that on Feb 18, Mastalerz John A Jr (VP Fin., Corp. Controller, CAO) disposed off 5,012 shares at an average price of $95.34 for $0.48 million. The insider now directly holds 12,148 shares of Westinghouse Air Brake Technologies Corporation (WAB).
Westinghouse Air Brake Technologies Corporation (WAB): Who are the competitors?
The company’s main competitors (and peers) include GATX Corporation (GATX) that is 12.52% higher over the past 12 months. Trinity Industries Inc. (TRN) is -11.42% down on the 1-year trading charts.