Westinghouse Air Brake (NYSE:WAB) Is a Company that Wellington Shields Seems to Dislike as Downgrade in Given

May 16, 2018 - By Michael Collier

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Logo

Investors sentiment increased to 0.93 in 2017 Q4. Its up 0.11, from 0.82 in 2017Q3. It increased, as 28 investors sold Westinghouse Air Brake Technologies Corporation shares while 139 reduced holdings. 47 funds opened positions while 108 raised stakes. 102.49 million shares or 1.00% more from 101.47 million shares in 2017Q3 were reported.

Scotia Inc holds 0.02% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 18,214 shares. Federated Investors Pa invested in 0.01% or 30,673 shares. Ameritas Investment stated it has 0.09% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Creative Planning reported 2,662 shares stake. Mountain Pacific Inv Advisers Id has 1.96% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 229,315 shares. Fdx Advisors Incorporated reported 25,701 shares or 0.06% of all its holdings. Kingfisher Capital Limited invested 0.7% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Natixis reported 3,444 shares stake. Papp L Roy And Associates accumulated 36,436 shares or 0.59% of the stock. Hahn Management Limited holds 108,294 shares. Brown Advisory reported 2.79 million shares. First Advsr Limited Partnership stated it has 0% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Fifth Third Comml Bank holds 0% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) or 1,793 shares. 5,091 are held by Toronto Dominion Bankshares. Citigroup invested 0% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB).

Westinghouse Air Brake (NYSE:WAB) Receives a Downgrade

In an analyst report revealed to clients and investors on 16 May, investment analysts at Wellington Shields’s equity research division cut the rating for Westinghouse Air Brake (NYSE:WAB) shares from the previous Gradually Accumulate to a Hold.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Ratings Coverage

Among 8 analysts covering Westinghouse Air (NYSE:WAB), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Westinghouse Air has $106 highest and $68.0 lowest target. $94’s average target is -0.60% below currents $94.57 stock price. Westinghouse Air had 14 analyst reports since December 13, 2017 according to SRatingsIntel. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has “Hold” rating given on Friday, February 2 by Stifel Nicolaus. Seaport Global maintained it with “Buy” rating and $9800 target in Wednesday, April 25 report. Deutsche Bank upgraded the shares of WAB in report on Monday, May 14 to “Buy” rating. Wolfe Research upgraded the stock to “Buy” rating in Friday, February 16 report. The rating was maintained by Wells Fargo with “Market Perform” on Wednesday, February 21. The rating was maintained by Stifel Nicolaus on Friday, February 9 with “Hold”. On Wednesday, December 13 the stock rating was initiated by Cowen & Co with “Buy”. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, February 21 report. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has “Buy” rating given on Monday, April 23 by Stifel Nicolaus. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has “Overweight” rating given on Tuesday, May 8 by KeyBanc Capital Markets.

The stock increased 1.48% or $1.38 during the last trading session, reaching $94.57. About 689,550 shares traded. Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has risen 7.58% since May 17, 2017 and is uptrending. It has underperformed by 3.97% the S&P500.

Analysts await Westinghouse Air Brake Technologies Corporation (NYSE:WAB) to report earnings on July, 24. They expect $0.94 EPS, up 17.50 % or $0.14 from last year’s $0.8 per share. WAB’s profit will be $90.50M for 25.15 P/E if the $0.94 EPS becomes a reality. After $0.92 actual EPS reported by Westinghouse Air Brake Technologies Corporation for the previous quarter, Wall Street now forecasts 2.17 % EPS growth.

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology equipment and services for the freight rail and passenger transit vehicle industries worldwide. The company has market cap of $9.11 billion. It operates in two divisions, Freight and Transit. It has a 34.77 P/E ratio. The Freight segment makes and services components for new and existing locomotive and freight cars; supplies railway electronics and positive train control equipment; offers signal design and engineering services; manufactures switcher locomotives; rebuilds freight locomotives; and provides heat exchangers and cooling systems for rail and other industrial markets.

More notable recent Westinghouse Air Brake Technologies Corporation (NYSE:WAB) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 14, 2018” on May 14, 2018, also Streetinsider.com with their article: “Wabtec (WAB) to Affirm 2018 Financial Guidance, Targets at Investor Day” published on May 07, 2018, Benzinga.com published: “Analyst: Wabtech A Buy On Potential GE Synergies” on April 23, 2018. More interesting news about Westinghouse Air Brake Technologies Corporation (NYSE:WAB) were released by: Bizjournals.com and their article: “Wabtec adds new directors at annual meeting” published on May 15, 2018 as well as Fool.com‘s news article titled: “Westinghouse Air Brake Technologies Corp Was Firing on All Cylinders in Q1” with publication date: April 24, 2018.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.