In a report issued on December 22, Matt Elkott from Cowen & Co. maintained a Buy rating on Westinghouse Air Brake Technologies (WAB), with a price target of $86.00. The company’s shares closed last Tuesday at $83.58, close to its 52-week high of $84.31.
According to TipRanks.com, Elkott is a 4-star analyst with an average return of 15.6% and a 63.2% success rate. Elkott covers the Industrial Goods sector, focusing on stocks such as Trinity Industries, Greenbrier, and Cummins.
Westinghouse Air Brake Technologies has an analyst consensus of Strong Buy, with a price target consensus of $90.00, a 9.7% upside from current levels. In a report issued on December 15, Morgan Stanley also maintained a Buy rating on the stock with a $97.00 price target.
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Westinghouse Air Brake Technologies’ market cap is currently $15.91B and has a P/E ratio of 33.50. The company has a Price to Book ratio of -6.94.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WAB in relation to earlier this year.
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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. The Freight segment involves in the manufacture and offers services components for new and existing locomotives and freight cars; supplies rail control and infrastructure products such as electronics, positive train control equipment, and signal design and engineering services; overhauls locomotives; and provides heat exchangers and cooling systems for rail and other industrial markets. The Transit segments includes the manufacture and providing services components for new and existing passenger transit vehicles, including regional trains, high speed trains, subway cars, light-rail vehicles, and buses; supplies rail control and infrastructure products such as electronics, positive train control equipment, and signal design and engineering services; builds new commuter locomotives; and renovate passenger transit vehicles. The company was founded in 1869 and is headquartered in Pittsburgh, PA.