Westinghouse Air Brake Technolo (NYSE:WAB).
On October 26 the company was upgraded to “Outperform” from “” with a current price target of $91.00 in a report issued by Wolfe Research. On October 26 the stock rating was downgraded from “” to “Neutral” in a statement from Longbow Research.
On September 30 analysts at CLSA released its first research report on the stock with a rating of “Buy” and establishing a price target of $97.00. Deutsche Bank added the stock to its research portfolio by announcing an initial rating of “Buy” and price target of $90.00.
On December 21 the company was set at “Buy” by Stifel Nicolaus which was a boost from the previous “Hold” rating.
The company is up by 1.19% since yesterday’s close of $90.89. Additionally the company declared a dividend that will be paid on Monday the 28th of August 2017. The dividend will be $0.120 per share for the quarter which is $0.48 annualized. The dividend yield will be $0.53. The ex-dividend date is set for Wednesday the 10th of May 2017.
It is trading at $91.97 which is slightly above $84.69, the 50 day moving average and barely above the 200 day moving average of $82.83. The 50 day moving average went up by +8.59% and the 200 day average moved up $9.14.
Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, launched on October 19, 1989, is a provider of technology-based equipment and services for the global freight and transit rail industries. The Company provides its products and services through two principal business segments: the Freight Segment and the Transit Segment. The Business’s products include specialty products and electronics, including 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 trucks and couplers; 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; brake products, including railway braking equipment and related components for freight and transit applications, and friction products, including brake shoes and pads; remanufacturing, overhaul and build, such as commuter and switcher locomotives, and transit car, and locomotive overhaul and refurbishment..
The P/E ratio is 29.79 and market cap is 8.83B. In the latest earnings report the EPS was $3.09 and is estimated to be $4.02 for the current year with 95,960,000 shares now outstanding. Next quarter’s EPS is expected be $1.07 and the next full year EPS is projected to be $4.67.