Westinghouse Air Brake Technologies Corp (NYSE: WAB) is 26.51% higher on its value in year-to-date trading and has touched a low of $91.89 and a high of $167.49 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WAB stock was last observed hovering at around $161.08 in the last trading session, with the day’s loss setting it -0.54%.
Currently trading at $160.54, the stock is 6.39% and 10.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -0.34% at the moment leaves the stock 29.98% off its SMA200. WAB registered 63.50% gain for a year compared to 6-month gain of 52.11%.
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The stock witnessed a 10.01% loss in the last 1 month and extending the period to 3 months gives it a 22.02%, and is -1.74% 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 1.64% over the week and 1.84% over the month.
Westinghouse Air Brake Technologies Corp (WAB) has around 29000 employees, a market worth around $28.32B and $9.98B in sales. Current P/E ratio is 31.22 and Fwd P/E is 19.80. Profit margin for the company is 9.20%. Distance from 52-week low is 74.71% and -4.15% from its 52-week high. The company has generated returns on investments over the last 12 months (6.24%).
Westinghouse Air Brake Technologies Corp quarterly earnings per share for the current quarter are estimated at $1.85 with sales reaching $2.63B over the same period.The EPS is expected to grow by 22.82% this year, but quarterly earnings will post 7.20% year-over-year. Quarterly sales are estimated to grow 9.30% in year-over-year returns.
The shares outstanding are 177.80M, and float is at 174.52M with Short Float at 1.17%.
Westinghouse Air Brake Technologies Corp (WAB) Insider Activity
The most recent transaction is an insider sale by Schweitzer Pascal, the company’s President Transit. SEC filings show that Schweitzer Pascal sold 6,000 shares of the company’s common stock on Apr 29 ’24 at a price of $162.74 per share for a total of $0.98 million. Following the sale, the insider now owns 10633.0 shares.
Westinghouse Air Brake Technologies Corp disclosed in a document filed with the SEC on Apr 25 ’24 that Mendonca Rogerio (President, Equipment Group) sold a total of 3,965 shares of the company’s common stock. The trade occurred on Apr 25 ’24 and was made at $160.75 per share for $0.64 million. Following the transaction, the insider now directly holds 12464.0 shares of the WAB stock.
Still, SEC filings show that on Apr 25 ’24, Mastalerz John A Jr (SVP Fin, Corp Controller, CAO) disposed off 3,749 shares at an average price of $162.70 for $0.61 million. The insider now directly holds 8,479 shares of Westinghouse Air Brake Technologies Corp (WAB).
