Mizuho Securities analyst Kristine Kubacki maintained a Hold rating on Westinghouse Air (WAB) yesterday. The company’s shares closed yesterday at $73.96.
Kubacki commented:
“We are updating our WAB model after the company announced FY4Q18 earnings and completed the merger with GE Transportation. With the GET merger in the rearview mirror, WAB can focus on integrating the two companies and deleveraging. We continue to believe the acquisition returns WAB back to its roots with a focus on NA freight and has long-term opportunities in terms of content, new products and re-occurring after-market revenues. Our Neutral view is based on what we see as the fair value of the shares.”
According to TipRanks.com, Kubacki is a 3-star analyst with an average return of 6.7% and a 53.8% success rate. Kubacki covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, Trinity Industries, and WABCO Holdings.
Currently, the analyst consensus on Westinghouse Air is a Moderate Buy with an average price target of $89.60, which is a 21.1% upside from current levels. In a report issued on February 22, Jefferies also initiated coverage with a Hold rating on the stock with a $80 price target.
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Westinghouse Air’s market cap is currently $7.54B and has a P/E ratio of 23.11. The company has a Price to Book ratio of 2.47.
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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.
