Westinghouse Air Brake Technologies Corporation (WAB) has an average broker rating of 1.57, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.
Westinghouse Air Brake Technologies Corporation (WAB) : The most positive equity analysts on Westinghouse Air Brake Technologies Corporation (WAB) expects the shares to touch $100, whereas, the least positive believes that the stock will trade at $72 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $88.75 with an expected fluctuation of $13 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Westinghouse Air Brake Technologies Corporation (NYSE:WAB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.84 and $71.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.56, notching a gain of 0.14% for the day. The total traded volume was 420,927 . The stock had closed at $71.46 on the previous day.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Westinghouse Air Brake Technologies Corp, Vande Steeg Nickolas had purchased shares worth of $500,649 in a transaction dated on November 10, 2015. A total of 6,470 shares were purchased at a price of $77.38 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Westinghouse Air Brake Technologies Corporation (Wabtec) is a provider of technology-based products and services to freight rail and passenger transit industries. The Companys products are used in locomotives, freight cars subway cars and buses, and other vehicles in United States and other countries across the world. The Company operates through two business segments: the Freight Segment and the Transit Segment. The Freight Segment manufactures and services components for new and existing locomotive and freight cars, supplies railway electronics, positive train control equipment, signal design and engineering services, builds switcher locomotives, rebuilds freight locomotives and provides heat exchangers and cooling systems for rail and other industrial markets. The Transit Segment manufactures and services components for new and existing passenger transit vehicles, such as subway cars and buses, builds new commuter locomotives and refurbishes subway cars.