Westinghouse Air Brake Technologies (NYSE:WAB) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of approx $3.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.95. The company issued revenue guidance of approx $4.1 billion, compared to the consensus revenue estimate of $4.07 billion.
Several equities research analysts recently weighed in on the company. Seaport Global Securities assumed coverage on Westinghouse Air Brake Technologies in a report on Thursday, January 4th. They issued a buy rating and a $90.00 target price for the company. Zacks Investment Research lowered Westinghouse Air Brake Technologies from a buy rating to a hold rating in a report on Friday, October 27th. Buckingham Research cut their price target on Westinghouse Air Brake Technologies from $100.00 to $97.00 and set a buy rating for the company in a report on Wednesday, October 25th. Cowen began coverage on Westinghouse Air Brake Technologies in a report on Wednesday, December 13th. They set an outperform rating and a $90.00 price target for the company. Finally, Stifel Nicolaus set a $68.00 price target on Westinghouse Air Brake Technologies and gave the stock a hold rating in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Westinghouse Air Brake Technologies presently has a consensus rating of Hold and an average target price of $86.80.
Shares of Westinghouse Air Brake Technologies (NYSE:WAB) traded down $0.56 during mid-day trading on Tuesday, hitting $76.71. The stock had a trading volume of 215,856 shares, compared to its average volume of 841,038. Westinghouse Air Brake Technologies has a one year low of $69.20 and a one year high of $93.81. The firm has a market capitalization of $7,417.86, a price-to-earnings ratio of 29.27, a PEG ratio of 1.68 and a beta of 1.00. The company has a current ratio of 1.55, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67.
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Westinghouse Air Brake Technologies Company Profile
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.
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