One of the topics covered in the research report made available by StockNews.com on Thursday was the coverage of Westinghouse Air Brake Technologies.
The brokerage for the stock of the transportation company issued a “buy” recommendation.
On February 15, shareholders of Westinghouse Air Brake Technologies (NYSE: WAB) were given access to the company’s most recent quarterly earnings report.
The earnings of the transportation business for the period under review came in at $1.30 per share, which was in line with the average prediction of $1.30 per share for the earnings of the transportation business.
The return on equity and the company’s net margin, known as Westinghouse Air Brake Technology, came in at 7.57%. 8.88% was the return on equity for the company.
The revenue the company brought in for the quarter was $2.31 billion, which is higher than the forecasted revenue of $2.21 billion expected for the company throughout the quarter.
The company’s earnings per share for the quarter were $1.18, comparable to the same quarter’s results in the prior year.
The most recent financial period for the company saw an increase in revenue that was equivalent to 11.2% on an annual basis.
Professionals in equity research forecast that Westinghouse Air Brake Technologies will report a profit of $5.38 per share for the current fiscal year.
On Thursday, the stock traded under the NYSE: WAB” and opened for $96.23.
The moving averages for the previous 50 days at the company are $103.58, and the moving averages for the previous 200 days are $96.96.
During the past year, the cost of Westinghouse Air Brake Technologies has fluctuated between $78.26 and $107.86, reaching an all-time low of $78.26 and an all-time high of $107.86, respectively.
There are 0.37 times as much debt as equity, resulting in a quick ratio of 0.66 times as high and a current ratio of 1.25 times as high.
The stock has a market value of $17.36 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 1.61, and a beta value of 1.48.
These are the metrics that have been calculated for it.
These ratios determine how well a company can increase its profits over time.
The most recent conversations about WAB have included commentary from various research firms. Stephens increased their price target for Westinghouse Air Brake Technologies from $110.00 to $117.00 in a research note published on Thursday, February 16.
The price had previously been set at $110.00.
Additionally, the company rated the stock as “overweight,” indicating that they believe it will continue to rise. Citigroup raised its target price on Westinghouse Air Brake Technologies shares from $95.00 to $114.00 and upgraded the company from a “neutral” rating to an “overweight” rating in a research report published on Thursday, February 16.
In a research report published on Tuesday, January 17, Bank of America moved the rating for Westinghouse Air Brake Technologies’ stock from “underperform” to “neutral.” This represents an upgrade from the previous rating of “underperform.” The topic of the research note was Westinghouse Air Brake Technologies.
The target price that KeyCorp has set for Westinghouse Air Brake Technologies has increased from $110.00 to $112.00, as stated in a research report that was made available to the general public on Friday, February 17.
They also kept the “overweight” rating they had previously assigned to the stock.
In a report released on Thursday, February 16, Raymond James rated the company as “outperforming” and raised their price target on shares of Westinghouse Air Brake Technologies from $115.00 to $120.00.
Additionally, they gave the company an “outperform” rating.
There are a total of five investment analysts who think that the stock ought to be purchased, while only four think that it ought to be held.
According to information obtained from Bloomberg.com, the company’s consensus price target among market analysts is currently set at $111.83, and the stock is currently rated as having an average recommendation of “Moderate Buy.”
On Friday, February 17, the company’s Chief Executive Officer, Rafael Santana, sold 78,277 of the company’s shares.
This piece of information is relevant to the topic at hand.
The cost of buying all the shares totaled 8,201,864.06 dollars, with each share costing 104.78 dollars.
As a direct result of the transaction, the Chief Executive Officer now holds a total of 72,577 shares of the company.
The current value of all of these shares is $7,604,618.06.
The Securities and Exchange Commission was given legal documents about the transaction, which were subsequently uploaded to the SEC website after being provided to the SEC. On Friday, February 17, the company’s Chief Executive Officer, Rafael Santana, sold 78,277 of the company’s shares.
This piece of information is relevant to the topic at hand.
The cost of buying all the shares totaled 8,201,864.06 dollars, with each share costing 104.78 dollars.
As a direct result of the transaction, the Chief Executive Officer now holds a total of 72,577 shares of the company.
The current value of all of these shares is $7,604,618.06.
The Securities and Exchange Commission was given legal documents about the transaction, which were subsequently uploaded to the SEC website after being provided to the SEC.
Additionally, on Monday, February 27, an insider of the company named Michael Fetsko sold 7,676 shares.
The price paid for each share came out to an average of $104.63, and a total of $803,139.88 was obtained from the stock sale. Following the successful completion of the transaction, the insider of the company now directly owns 32,244 shares of the company’s stock.
The total value of these shares is $3,373,689.72.
Disclosures related to the sale might be found in this website section. Over the past three months, employees with insider trading privileges on their accounts sold 88,834 shares of company stock with a combined value of $9,306,731.
Business insiders on the total number of shares of stock owned by the company to 1.22%.
Several hedge funds and institutional investors have recently complied.