The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) increased by $0.32 on Friday to finish at $114.19, up 0.28 percent. The last five days have seen an average of 584,480 shares of common stock traded. 25 times new highs were reached in the current year, with a gain of $14.38. The average number of shares traded over the last 20 days was 944,680, while the average volume over the last 50 days totaled 1,010,498.
WAB stock appreciated 1.66% since last month. On 07/14/23, the company’s shares reached a one-month low of $110.58. The stock touched a high of $119.70 on 08/01/23, after rallying from a low of $79.33 in 52 weeks. The price of WAB stock has risen by 14.41% or $14.38 this year, reaching a new high 25 times. Still, the stock price is down -4.60% from the 52-week high.
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Insider Transactions
WAB stock investors should be aware that Westinghouse Air Brake Technologies Corporation (WAB) stock had its last reported insider trading activity 5 days ago on Aug 09. On Aug 09, President – Services Group Hammersmith Alicia sold 2,378 shares at $113.86 each. This transaction resulted in the insider making $270,757. On Aug 02, NEUPAVER ALBERT J sold 12,295 shares at a price of US$118.26. After the transaction, the insider now owns 595,412 shares. Director NEUPAVER ALBERT J had earlier sold 47,032 shares on Aug 01 for $118.92 a share. The transaction was completed for $5,593,092.
Valuation Metrics
Westinghouse Air Brake Technologies Corporation (WAB) has a trailing price-to-earnings (P/E) ratio of 30.46. Beta for the stock is 1.50. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.27, the price-to-book (PB) ratio of 2.01, and the price-to-cash flow ratio of 38.13.
Company paid $0.17 per share in dividends, remained unchanged from $0.17 last year. A $0.02 dividend increase was reported on Tuesday February 14 2023.
Financial Health
For the recent quarter, Westinghouse Air Brake Technologies Corporation’s quick ratio was 0.60, while its current ratio was 1.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.33, and the total debt to equity ratio is 0.43. As far as profitability goes, gross margin for the trailing twelve months is 30.90% percent. Westinghouse Air Brake Technologies Corporation’s EBITDA margin for the recent year was 18.44%, whereas its operating margin stood at 12.20% for the same period. Based on annual data, it had gross profit of $2.54 billion and revenue of $8.36 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WAB’s return on assets (ROA) during the last 12 months has been 3.60%. There was a 5.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.70%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.41 billion, while revenues rose by 14.91% to $2.19 billion. EBITDA was $421.0 million for the quarter. At the end of Westinghouse Air Brake Technologies Corporation’s most recent quarter, its liabilities totaled 8.76 billion, while its total debt was $4.72 billion. Equity owned by shareholders amounts to $179.13 million.
Technical Picture
Here’s a quick look at Westinghouse Air Brake Technologies Corporation’s (WAB) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 47.53%, suggesting the stock is Neutral, with a 12.36% historical volatility rate.
The stochastic %K and %D were 34.15% and 37.93% respectively, while the average true range (ATR) was 1.89. Based on the 14-day stochastic reading of 35.40%, the RSI (14) reading is 54.44%. On the 9-day MACD Oscillator, the stock is at -1.54, and the 14-day reading is at -1.75.
Analyst Ratings
Westinghouse Air Brake Technologies Corporation (NYSE: WAB) was downgraded by TD Cowen to a a Market perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Westinghouse Air Brake Technologies Corporation (WAB) an Overweight rating. WAB is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 4 others recommend it as a buy.
What is WAB’s price target for the next 12 months?
The current consensus forecast for the stock is between $110.00 and $137.00, with a median target price of $126.00. In analyzing these forecasts, the average price target given by analysts for Westinghouse Air Brake Technologies Corporation (WAB) is $127.27.
