In a report released today, Michael Baudendistel from Stifel Nicolaus reiterated a Buy rating on Westinghouse Air (NYSE: WAB), with a price target of $110. The company’s shares opened today at $82.02.
According to TipRanks.com, Baudendistel is a 1-star analyst with an average return of -2.4% and a 45.2% success rate. Baudendistel covers the Industrial Goods sector, focusing on stocks such as Wabash National Corp, Freightcar America, and Trinity Industries.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Westinghouse Air with a $115 average price target, which is a 40.2% upside from current levels. In a report released today, Wells Fargo also reiterated a Buy rating on the stock with a $105 price target.
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Based on Westinghouse Air’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $87.48 million. In comparison, last year the company had a net profit of $67.2 million.
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock.
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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.
