Wolfe Research raised the price target for the Westinghouse Air Brake Technologies Corporation (NYSE:WAB) stock from “an Underperform” to “a Peer perform”. The rating was released on February 19, 2021. We previously noted in another research note published on February 10, 2021 by Cowen that reiterated the stock to an Outperform with a price target of $90 for WAB stock. The stock was downgraded by Goldman, who disclosed in a research note on June 03, 2020, from Buy to Neutral and set the price objective to $65. In their research brief published May 13, 2020, Cowen analysts reiterated the Westinghouse Air Brake Technologies Corporation stock to Outperform with a price target of $67.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) raised 0.41% to close Thursday’s market session at $88.00, higher as compared to yesterday’s close. The stock price fluctuated between $87.27 and $88.73 throughout the trading session with the volume trading being 2007396 shares, which represented a significant variation when compared to the three months average volume of 1.08 million shares. The firm’s stock price fluctuated 2.94% within the last five trades and 5.69% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 21.50% in the last 6 months and 6.61% was added to its value over the previous 3 months. WAB stock is trading at a margin of 1.34%, 5.28% and 11.16% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, WAB deals in the Industrials domain. The stock is trading -1.73 percent below its 52-week high and 57.62 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 32.55. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Westinghouse Air Brake Technologies Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 9.90 percent and the profit margin is 5.80 percent, and the company has reported a gross margin of 28.60 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $16.59 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Westinghouse Air Brake Technologies Corporation (NYSE:WAB) is 36.88. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 17.92. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.15 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.61, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.60 percent of Westinghouse Air Brake Technologies Corporation shares are owned by insiders, and 92.50 percent are held by financial institutions. HOWELL MICHAEL W D, the Director at Westinghouse Air Brake Technologies Corporation (WAB) has sold 4,446 shares of firm on Aug 19 at a price of $86.39 against the total amount of $0.38 million. In another inside trade, Mastalerz John A Jr, VP Fin., Corp. Controller, CAO of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) sold 2,700 shares of the firm on Aug 13 for a total worth of $0.24 million at a price of $88.42. An inside trade which took place on May 27, VP Fin., Corp. Controller, CAO of Westinghouse Air Brake Technologies Corporation Mastalerz John A Jr sold 3,103 shares of firm against total price of $0.26 million at the cost of $82.53 per share.