Westinghouse Air Brake Technologies (WAB) Earning Somewhat Favorable Press Coverage, Report Shows

News headlines about Westinghouse Air Brake Technologies (NYSE:WAB) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Westinghouse Air Brake Technologies earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 46.3821955289716 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Westinghouse Air Brake Technologies (NYSE:WAB) traded down $0.71 on Wednesday, hitting $82.38. The stock had a trading volume of 385,466 shares, compared to its average volume of 645,771. The company has a market capitalization of $7,910.00, a PE ratio of 31.32, a PEG ratio of 1.75 and a beta of 1.08. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.55. Westinghouse Air Brake Technologies has a 52 week low of $69.20 and a 52 week high of $93.81.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.04. The company had revenue of $957.93 million for the quarter, compared to analysts’ expectations of $947.18 million. Westinghouse Air Brake Technologies had a return on equity of 11.85% and a net margin of 7.04%. The business’s revenue for the quarter was up 41.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. equities analysts forecast that Westinghouse Air Brake Technologies will post 3.48 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on WAB shares. Stifel Nicolaus reissued a “hold” rating and issued a $74.00 target price on shares of Westinghouse Air Brake Technologies in a report on Tuesday, September 12th. KeyCorp reissued a “buy” rating and issued a $100.00 target price on shares of Westinghouse Air Brake Technologies in a report on Sunday, September 17th. Zacks Investment Research raised shares of Westinghouse Air Brake Technologies from a “sell” rating to a “buy” rating and set a $84.00 target price on the stock in a report on Wednesday, October 18th. FBR & Co set a $85.00 target price on shares of Westinghouse Air Brake Technologies and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, Buckingham Research cut their target price on shares of Westinghouse Air Brake Technologies from $100.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $87.44.

In other news, Director Robert J. Brooks sold 3,500 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $77.66, for a total transaction of $271,810.00. Following the sale, the director now owns 84,221 shares of the company’s stock, valued at $6,540,602.86. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP David L. Deninno sold 1,917 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $76.10, for a total value of $145,883.70. Following the sale, the vice president now directly owns 56,131 shares in the company, valued at approximately $4,271,569.10. The disclosure for this sale can be found here. Insiders own 11.69% of the company’s stock.

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About Westinghouse Air Brake Technologies

Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a provider of technology-based equipment and services for the global freight and transit rail industries. The Company’s segments include the Freight Segment and the Transit Segment. The Freight Segment primarily manufactures and services components for new and existing freight cars and locomotives, builds new switcher locomotives, rebuilds freight locomotives, supplies railway electronics, positive train control equipment, signal design and engineering services, and provides related heat exchange and cooling systems.

Insider Buying and Selling by Quarter for Westinghouse Air Brake Technologies (NYSE:WAB)

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