Price Change to Note: Time to Buy Westinghouse Air Brake Technologies Corp After Today’s Big Increase?

Price Change to Note: Time to Buy Westinghouse Air Brake Technologies Corp After Today's Big Increase?

The stock of Westinghouse Air Brake Technologies Corp (NYSE:WAB) is a huge mover today! About 435,263 shares traded hands. Westinghouse Air Brake Technologies Corp (NYSE:WAB) has risen 14.44% since March 1, 2016 and is uptrending. It has outperformed by 5.20% the S&P500.
The move comes after 7 months positive chart setup for the $7.29 billion company. It was reported on Oct, 4 by Barchart.com. We have $112.26 PT which if reached, will make NYSE:WAB worth $2.77 billion more.

Analysts await Westinghouse Air Brake Technologies Corp (NYSE:WAB) to report earnings on October, 27. They expect $0.99 earnings per share, down 2.94% or $0.03 from last year’s $1.02 per share. WAB’s profit will be $88.72 million for 20.54 P/E if the $0.99 EPS becomes a reality. After $1.05 actual earnings per share reported by Westinghouse Air Brake Technologies Corp for the previous quarter, Wall Street now forecasts -5.71% negative EPS growth.

Westinghouse Air Brake Technologies Corp (NYSE:WAB) Ratings Coverage

Out of 4 analysts covering Wabtec (NYSE:WAB), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Wabtec has been the topic of 5 analyst reports since December 21, 2015 according to StockzIntelligence Inc. The stock of Westinghouse Air Brake Technologies Corp (NYSE:WAB) has “Buy” rating given on Monday, December 21 by Stifel Nicolaus. The firm has “Buy” rating by CLSA given on Friday, September 30. As per Thursday, February 4, the company rating was downgraded by Goldman Sachs. As per Wednesday, September 7, the company rating was initiated by Deutsche Bank.

According to Zacks Investment Research, “Wabtec Corporation is one of North America’s largest providers of value-added, technology-based products and services for the rail industry. Through its subsidiaries, the company manufactures a full range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new locomotives up to 4,000 horsepower and provides aftermarket services, including locomotive and freight car fleet maintenance. (PRESS RELEASE)”

Insitutional Activity: The institutional sentiment increased to 1.11 in 2016 Q2. Its up 0.30, from 0.81 in 2016Q1. The ratio is positive, as 31 funds sold all Westinghouse Air Brake Technologies Corp shares owned while 149 reduced positions. 59 funds bought stakes while 140 increased positions. They now own 91.13 million shares or 0.09% more from 91.05 million shares in 2016Q1.
Invesco Ltd holds 0.02% of its portfolio in Westinghouse Air Brake Technologies Corp (NYSE:WAB) for 668,276 shares. Moreover, Korea Invest has 0.02% invested in Westinghouse Air Brake Technologies Corp (NYSE:WAB) for 43,300 shares. Us National Bank & Trust De holds 0% of its portfolio in Westinghouse Air Brake Technologies Corp (NYSE:WAB) for 14,533 shares. Papp L Roy & Associates holds 0.39% or 23,669 shares in its portfolio. Gsa Cap Partners Ltd Liability Partnership holds 9,520 shares or 0.04% of its portfolio. Moreover, Tdam Usa Inc has 0.07% invested in Westinghouse Air Brake Technologies Corp (NYSE:WAB) for 21,143 shares. First Trust Advsr Limited Partnership holds 29,281 shares or 0.01% of its portfolio. Art Advisors Ltd Liability Company has 0.3% invested in the company for 85,567 shares. Pictet Asset Management Limited holds 407,600 shares or 0.12% of its portfolio. Macquarie Group Ltd has invested 0.01% of its portfolio in Westinghouse Air Brake Technologies Corp (NYSE:WAB). Advantus Mngmt has 10,912 shares for 0.02% of their US portfolio. Security Bancorp Of Sioux City Iowa Ia holds 1.05% of its portfolio in Westinghouse Air Brake Technologies Corp (NYSE:WAB) for 13,240 shares. Voya Mngmt Ltd accumulated 0.01% or 37,308 shares. Deutsche Bank Ag has invested 0.05% of its portfolio in Westinghouse Air Brake Technologies Corp (NYSE:WAB). Susquehanna Int Grp Ltd Liability Partnership last reported 0% of its portfolio in the stock.

More notable recent Westinghouse Air Brake Technologies Corp (NYSE:WAB) news were published by: Fool.com which released: “Global Economic Headwinds Derail Westinghouse Air Brake Technologies Corp.’s …” on July 25, 2016, also Fool.com with their article: “Did Westinghouse Air Brake Technologies Corp.’s Headwinds Abate This Quarter?” published on July 22, 2016, Fool.com published: “What to Watch When Westinghouse Air Brake Technologies Corp. Reports Earnings” on April 22, 2016. More interesting news about Westinghouse Air Brake Technologies Corp (NYSE:WAB) were released by: Marketwatch.com and their article: “Wabtec downgraded to neutral from buy at Goldman Sachs” published on December 21, 2009 as well as Fool.com‘s news article titled: “Challenging Conditions Cause Westinghouse Air Brake Technologies Corp’s Sales …” with publication date: April 26, 2016.

WAB Company Profile

Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, incorporated on October 19, 1989, is a well-known provider of technology equipment and services for the global rail industry. The Firm primarily serves the freight rail and passenger transit industries. The Firm provides its services and products through two principal business divisions: the Freight Segment and the Transit Segment. The Company’s product lines in both aftermarket and original equipment, including specialty products and electronics, brake products, remanufacturing, overhaul and build, and transit products. The Company’s specialty products and electronics product line includes 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 car truck components; 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. The Company’s brake products include railway braking equipment and related components for freight and transit applications; friction products, including brake shoes and pads. The Company’s remanufacturing, overhaul and build product line includes commuter and switcher locomotives, and transit car, and locomotive overhaul and refurbishment. The Company’s transit products include door and window assemblies for buses and subway cars; accessibility lifts and ramps for buses and subway cars, and traction motors. The Company’s clients include railroads and passenger transit authorities throughout North America, as well as in the United Kingdom, Australia, Europe, Asia, South Africa and South America.

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